3425 26th St Chicago, IL 60623-4002
Property profile & analytics
3425 26th St, Chicago, IL 60623-4002
- Banks
- 2,900 SF
- 0.34 lot acres
Property ID
US28-5795893
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- BRANDNEWANTMINER / Industrial Manufacturer / Metal Fabrication Plant
- Cajero Del Banco De America / Atm
- Bank of America (with Drive-thru ATM) / Bank / Loan Service
- Bank of America ATM (Drive-thru) / Atm / Financial Consultant
- ParkChicago #370613 / Parking Lot & Garage
Property Details for 3425 26th St
- Year built
- 1972
- Lot size
- 0.34 lot acres
- Property type
- Banks
- APN
- 16-26-403-001
- APU
- 1626403001
Description
This exceptional investment opportunity presents a 3,874 square foot, single-tenant retail property leased to Bank of America under an absolute NNN ground lease. Located at 3425 W 26th St, Chicago, IL 60623, this property boasts a strong 7.00% cap rate and a substantial NOI of $312,301. The lease features a corporate guarantee from Bank of America, minimizing landlord responsibilities. With 5.5 years remaining on the current term, Bank of America recently exercised their first of four 5-year renewal options, demonstrating a long-term commitment to this location. The property, built in 2004, includes a double drive-thru and sits on a sizable 0.55-acre lot, a rarity in the Little Village neighborhood. This prime location benefits from a population exceeding 1 million within a 5-mile radius and proximity to major retailers such as Walgreens, Dollar Tree, Advance Auto Parts, and Dunkin' Donuts. The property offers 30 parking spaces and enjoys 100% occupancy. The ground lease expires October 31, 2029. This is a rare opportunity to acquire a high-performing asset with a blue-chip tenant in a densely populated area of Chicago. The property's 19-year operating history at this location further underscores its stability and potential for continued success. Bank of America's investment-grade credit rating ("A-" by Standard & Poor's) adds to the security of this investment.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.7108
- Latitude
- 41.8442
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$38,438
$68,382
$110,296
$178,678
-
$273,528
$441,184
$714,712
