9009 Ogden Ave Brookfield, IL 60513
- Banks
- 0.53 lot acres
Current Use by Public Records
- Citibank ATM / Atm
- Citi / Bank
Property Details for 9009 Ogden Ave
- Year built
- 1960
- Lot size
- 0.53 lot acres
- Property type
- Banks
- APN
- 18-03-218-064
- APU
- 1803218064
Description
This exceptional investment opportunity presents a fully leased, 18,063-square-foot bank building located at 9009 Ogden Avenue in Brookfield, Illinois. The property boasts a strong, long-term lease with a national credit tenant, extending through 2034, with two five-year renewal options commencing in 2035. The current lease features a 5.7% cap rate, projected to increase to 6.7% due to a 2% annual rent escalation clause. This single-tenant building offers 100% occupancy and is situated on a double corner lot, providing excellent visibility and accessibility. A separate drive-thru parcel is also included. The property features ample parking and is conveniently located within walking distance of both the Metra Brookfield and Congress Park stations. The building, designed by a student of Frank Lloyd Wright, is a landmark in the community. The Cook County property (APN 18-03-218-064-0000) is zoned for commercial use. The asking price is $8,000,000, translating to a price per square foot of $442.89. This represents a secure investment with a tenant boasting a Moody's rating of Aa3 (stable) and over $2 trillion in assets. An offering memorandum is available upon request.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brookfield
- County
- Cook
- State
- Illinois
- Longitude
- -87.8473
- Latitude
- 41.8165
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
