Marcus & Millichap announced the sale of a BMO Bank property in Evanston, Illinois, for $1.675 million.
“We were referred to the trustee of a California-based estate because of our expertise in single-tenant net-lease assets,” said Nicholas Kanich, managing director investments. “We secured an out-of-state purchaser with ties to Illinois who presented strong terms, including a 14-day due diligence period and a seven-day close. The transaction closed on schedule with no price adjustments, reflecting continued demand for well-located retail properties.”
Kanich, investment specialist in Marcus & Millichap’s Chicago Downtown office, had the exclusive listing to market the property on behalf of the seller and procured the buyer. The 3,456-square-foot drive-through bank is located at 2821 Central St. in Evanston’s Central Street retail district. Built in 2004, the property is positioned on a corner lot near national retailers and within two miles of Northwestern University, Old Orchard Mall and Lake Michigan.
The post BMO Bank Property in Evanston Trades Hands appeared first on Connect CRE.
