Net Leased Bank
2000 Big Timber Rd Elgin, IL 60123
2000 Big Timber Rd, Elgin, IL, 60123
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For Sale
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Single-tenant net leased Bank of America property with a lease expiring June 30, 2021.
Lot Size2.00 Acres
Days on Market103
Property Features for 2000 Big Timber Rd
General Information
- Standard status
- Active
- Lot size
- 2.00 Acres
- Property subtype
- Retail
Listing agency
The Boulder Group
(847) 562-0003
Listed by
Randy Blankstein · License #IL 471005983
Source
Crexi
Added: Apr 10 Updated: Jul 20 at 6:40PM Checked: Jul 21 at 1:52PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Boulder Group
Investment Insights
Based on property information with market context.
This offering is a single-tenant, net leased bank property formerly occupied by Bank of America. The tenant ceased operations in November 2014, while remaining obligated to fulfill the lease terms for the remaining three years. The lease expires June 30, 2021, allowing the incoming investor to receive cash flow from the property prior to any re-tenanting.
The 2-acre site is located in Elgin, Illinois within the Chicago MSA, on the northwest corner of Big Timber Road and North Lyle Avenue. It sits directly north of the Big Timber Road Metra Station across Big Timber Road and includes on/off access to Interstate 90 from both North Randall Road and North State Street (Route 31). Interstate 90 carries reported traffic counts of 80,400 vehicles per day, linking Elgin to downtown Chicago, approximately 40 miles southeast.
Directly north behind the property is Sherman Hospital, part of Advocate Health Care. The area features a population of over 65,600 people within a three-mile radius, with an average annual household income of roughly $84,000.
The 2-acre site is located in Elgin, Illinois within the Chicago MSA, on the northwest corner of Big Timber Road and North Lyle Avenue. It sits directly north of the Big Timber Road Metra Station across Big Timber Road and includes on/off access to Interstate 90 from both North Randall Road and North State Street (Route 31). Interstate 90 carries reported traffic counts of 80,400 vehicles per day, linking Elgin to downtown Chicago, approximately 40 miles southeast.
Directly north behind the property is Sherman Hospital, part of Advocate Health Care. The area features a population of over 65,600 people within a three-mile radius, with an average annual household income of roughly $84,000.
Key Highlights
- Single‑tenant net leased Bank of America property; lease expires June 30, 2021
- Bank of America ceased operations in November 2014, but tenant remains obligated to fulfill the remaining lease term
- 2‑acre site located on the northwest corner of Big Timber Road and North Lyle Avenue in Elgin, IL
Property Analytics
Location Intelligence
Current Use by Public Records
Banks
Similar For Sale Nearby
FAQs
What type of property is this?
Bank - Single-tenant net leased Bank of America property with a lease expiring June 30, 2021.
Where is this bank located?
The property is located at 2000 Big Timber Rd Elgin, IL.
What are key features of this property?
This property features: Single‑tenant net leased Bank of America property; lease expires June 30, 2021; Bank of America ceased operations in November 2014, but tenant remains obligated to fulfill the remaining lease term; 2‑acre site located on the northwest corner of Big Timber Road and North Lyle Avenue in Elgin, IL
