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10500 W Cermak Rd
Westchester, IL 60154 West Cook

$3,300,000 USD

Bank For Sale  •  11,457 SF

Property Details

  • Property Type Bank
  • Total Building Size 11,457 SF
  • Lot Size 0.86 AC
  • Building Class B
  • Year Built 1964
  • Tenancy Single
  • Zoning B-1
40 Transit Score
60 Walk Score

Highlights

Recently Extended: Originally a 10-year sale leaseback, BMO recently executed its first renewal option through November 30, 2031
Investment Grade Rated Tenancy: BMO Bank (S&P: A+) is the 2nd largest bank in Illinois with $106 billion in deposits, representing 15% of all Illinois
Substantial Deposit Base: $142 million in deposits / 25% market share within 1-mile radius / largest BMO deposit base within 3-mile radius
Absolute NNN Lease: Long-term income with no landlord responsibilities for capital repair or replacement
Rental Growth: BMO’s rent escalates 1.50% annually
Dense, Infill Location: Significant commercial activity and a local area population exceeding 340,000 residents within a 5-mile radius

Property Flyers

Amenities

  • 24 Hour Access
  • Banking

Public Transportation

Commuter RailDriveWalkDistance
LaGrange Road Station (Burlington Northern-Santa Fe Railway Line - Northeast Illinois Regional Commuter Railroad (Metra)) 7 min - 2.7 mi
LaGrange/Stone Avenue Station (Burlington Northern-Santa Fe Railway Line - Northeast Illinois Regional Commuter Railroad (Metra)) 8 min - 3.0 mi
AirportDriveWalkDistance
Chicago Midway International 23 min - 11.1 mi
Chicago O'Hare International 41 min - 14.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 70
Type: Surface
Included in Rent: Yes
Maury Vanden Eykel 312-297-7634 CBRE
Maury Vanden Eykel 312-297-7634 CBRE