BMO Harris Bank

1007 W Euclid Ave, Arlington Heights, IL 60005
$2,190,000
Status Available
Price $2,190,000
Cap Rate 7.50%
Price/SF $452
NOI $164,243
Lease Type Absolute NNN
Lease Expiration 03/31/2023
Building Size 4,840 SF
Lot Size 0.87 AC

Overview

Equity Investment Advisors is proud to present a future redevelopment or reposition of current bank branch. Excellent opportunity for a developer to receive cash flow during the initial phases of redevelopment. The current tenant, BMO Harris Bank, recently invested approximately $1.7 million in upgrades , including installing a new roof, in 2021. The current lease runs through March 2023 and includes an option for another year. The site is zoned B-1 allowing for medical office, early child care educator, and more. Buyer to verify with city of Arlington Heights.

 

https://www.crexi.com/properties/715452/illinois-arlington-heights-bmo-harris-bank-sp-a