BMO Harris Bank - Hammond — Sale in Hammond, IN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Hammond, IN 46324

Investment Figures

Cap rate
7.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

This BMO Harris Bank is offered as an absolute NNN lease with zero landlord responsibilities, backed by an investment-grade corporate guarantee. The lease includes annual rent increases of 1% plus a CPI adjustment and has 6 years remaining on the original 12-year term. BMO Harris has a long operating history at this location dating back to 1952, underscoring tenant commitment and stability. Ranked #3 in Indiana and in the top 17% nationally for branch visits, the property demonstrates exceptional performance and long-term viability. The site features strong real estate fundamentals with multiple drive-thru lanes, 32 surface parking spaces, and 237 feet of frontage along Calumet Avenue with 35,144 vehicles daily, as well as immediate access to I-94 with over 201,000 vehicles per day. Surrounded by dense demographics with more than 109,000 residents and 105,000 employees within a 3-mile radius, the property benefits from its prime Chicago MSA location near the Illinois–Indiana border. Investment Highlights: • Absolute Triple Net (NNN) Lease with a Corporate Guarantee • Annual Rent Increases of One Percent plus CPI Inflation Adjustment • Third Most Visited BMO Location in Indiana | Ranks in the Top 17 Percent Nationally (Placer.ai) • Six Years Remaining on the Original 12-Year Lease • Features Multiple Drive-Thru Lanes as well as Ample Parking | Excellent Visibility & Accessibility • Half a Mile from Interstate-94 Interchange which sees 201,157 Vehicles per Day • 110,052 People Live and 110,757 People Work within a Three-Mile Radius • Est. 7.28 Percent Cap Rate as of 10/1/2026

Market Context

This retail in Hammond, IN is listed for sale. It is offered at an approximate 7.0% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 78 days. Compare it against other retail listings for sale in Hammond, IN — view the full market.

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