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154 S Western Ave
Carpentersville, IL 60110 Elgin/Dundee

$2,400,000 USD

Bank For Sale  •  3,833 SF

Property Details

  • Property Type Bank
  • Total Building Size 3,833 SF
  • Lot Size 0.89 AC
  • Building Class B
  • Year Built 2007
  • Cap Rate 6.25 %
  • Tenancy Single
  • Zoning Commercial
10 Transit Score
40 Walk Score

Highlights

Huge FDIC reported deposits - over $135 million at this location
Absolute NNN ground lease w/10% increases every 5 years
Recent 10 year extension, with approximately 10.5 years now remaining
9th largest bank in the United States w/Comerica merger
Massive redevelopment of Spring Hill Mall across the street
"A-" S&P Investment Grade Corporate Credit

Property Flyers

Cap Rate: 6.25 %

Major Tenants

Tenant SF Occupied Lease End Date
Fifth Third Bank 3,833 SF 12/31/2036

Amenities

  • Drive Thru

Public Transportation

Commuter RailDriveWalkDistance
Elgin Station (Milwaukee District West Line - Northeast Illinois Regional Commuter Railroad (Metra)) 11 min - 5.1 mi
Big Timber Road Station (Milwaukee District West Line - Northeast Illinois Regional Commuter Railroad (Metra)) 11 min - 5.3 mi
AirportDriveWalkDistance
Chicago O'Hare International 37 min - 27.0 mi
Chris Thompson 818-522-4792 IREA
Chris Thompson 818-522-4792 IREA