1400 Gannon Drive

Hoffman Estates, IL 60169

Listing ID: 215026
$4,889,000
For Sale
  • Property Type Retail : Banking
  • Lot Size Acres 0.980
  • Building Sq Ft 4,716
  • Building Price per Sq Ft $1,036.68
  • Land Sq Ft 42,688
  • Land Price per Sq Ft $114.53
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Description

Mid-America Real Estate Corporation, is pleased to present BMO Harris Bank located at 1400 Gannon Drive in Hoffman Estates, Illinois. The property is located approximately 30 miles northwest of downtown Chicago and is comprised of a new construction 4,716 square foot retail building situated on a 0.98-acre parcel. BMO Harris Bank relocated an extremely successful branch on the same site, and is subject to a 15-year NNN lease with 8.25% increases every 4 years throughout the primary term. The site is located in the Chicago suburb of Hoffman Estates, with 233,274 residents in a five miles radius that have an average household income over $115,000. The site’s location in a dense and affluent suburban community, excellent traffic exposure, combined with desirable tenancy and new construction, make it an excellent net lease investment opportunity.

Listing Demographics

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population17,12096,119240,151
Population Median Age383939
Population by Age0-9 Yrs2149 (12%)11940 (12%)29694 (12%)
10-19 Yrs2149 (12%)11347 (11%)29614 (12%)
20-29 Yrs2321 (13%)11966 (12%)29318 (12%)
30-39 Yrs2194 (12%)14714 (15%)34787 (14%)
40-49 Yrs2499 (14%)13035 (13%)33156 (13%)
50-59 Yrs2396 (13%)13129 (13%)33713 (14%)
60-69 Yrs2134 (12%)11210 (11%)27703 (11%)
70+ Yrs1277 (7%)8777 (9%)22167 (9%)
Median HH Income$84,891$83,751$86,725
Total Household Income< 24K592 (10%)3727 (10%)8495 (9%)
25-49K1025 (17%)5749 (16%)13490 (15%)
50-74K837 (14%)5964 (16%)14763 (17%)
75-99K1081 (18%)6195 (17%)13841 (16%)
100-199K1795 (31%)10937 (31%)27015 (31%)
200K+434 (7%)2645 (7%)8876 (10%)
Highest Education LevelNo Diploma1409498214220
Diploma or GED21101471835823
Some College23321254331270
Assoc. Degree951552412927
Bachelors Degree31611968246763
Higher Degree16301029926759
Total Housing Units6,02237,11990,539
--Owner-Occupied4,45425,40463,542
--Renter-Occupied1,3109,81422,937
Owner-Occupied Values< 100K53714853446
100-199K781731418165
200-299K1695830017854
300-399K1117519911998
400-499K25017685518
500K+7413396561
Total Working Age Population13,54777,342191,712
In Work Force9,63254,151134,787
Not In Work Force3,91523,19156,925
Workforce Employed9,29352,014129,586
Workforce Unemployed3382,0784,927
Civlian Workforce9,63154,092134,514
Military Workforce159273
Total Households5,76435,21986,479
Family Households4,42624,71061,850
Non-Family Households1,33810,50924,630
Married Couple3,53019,76849,755
Other Family8954,94212,095
Married w/Child1,6398,96622,361
Single Male w/Child1097351,472
Single Female w/Child2861,6223,955

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Illinois12,419,293+312,830,632+1214,316,487+615,138,849
Cook County5,376,741-35,194,675+105,707,832+55,990,243
DuPage County904,161+1916,924+101,010,323+21,034,039

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Location & Map Views
Listing Agent
Wes Koontz Agent Photo

Wes Koontz

Mid-America Real Estate Corpor
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