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    251 E Maple St New Lenox, IL 60451

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    For Sale
    $5,704,000

    NN+ leased fee interest in Bank of America branch.

    Property size:
    5,773 SF
    Lot size:
    1.63 Acres

    Property Features for 251 E Maple St

    General Information

    Size
    5,773 SF
    Lot size
    1.63 Acres

    Source: SRS Real Estate Partners | Chicago Agent Dan Elliot

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Bank of America Investment Opportunity

    This property presents the opportunity to acquire the leased fee interest in a freestanding Bank of America branch, guaranteed by a corporate entity listed on the NYSE (BAC) with an S&P rating of A-. Located in New Lenox, Illinois, which is part of the Chicago Metropolitan Statistical Area, the property has approximately five years remaining on the current lease term. There are also four, five-year options to extend, demonstrating the bank’s commitment to the location. The lease is structured as NN+, with the landlord responsible for 80% of structural and capital improvements. In 2021, the property underwent a complete interior renovation to align with Bank of America’s modern branch design.
    Insight Report Location Intelligence

    Current Use by Public Records

    Banks

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Lenox
    County
    Will
    State
    Illinois
    Longitude
    -87.9630192
    Latitude
    41.5132806

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    FAQs

    What type of property is this?
    Bank - NN+ leased fee interest in Bank of America branch.
    Where is this bank located?
    The property is located at 251 E Maple St New Lenox, IL.
    What is the asking price?
    The asking price for this property is $5,704,000.
    What are key features of this property?
    This property features: - Corporate guaranteed lease by Bank of America (NYSE: BAC, S&P: A-).; - NN+ lease structure provides near-passive income with limited landlord responsibilities (80% of structural/capital improvements).; - Located in New Lenox, Illinois, part of the Chicago MSA.
    (312) 972-7978
    Request Owner's contact information
    251 E Maple St New Lenox, IL 60451
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    New Lenox, IL 60451
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    251 E Maple St New Lenox, IL 60451
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