Press Releases
Marcus & Millichap Brokers Sale of BMO Bank Property in Evanston, Illinois for $1.68M
July 02, 2025
EVANSTON, Ill., July 2, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a BMO Bank property in Evanston, Illinois, for $1,675,000.
“We were referred to the trustee of a California-based estate because of our expertise in single-tenant net-lease assets,” said Nicholas Kanich, managing director investments. “We secured an out-of-state purchaser with ties to Illinois who presented strong terms, including a 14-day due diligence period and a seven-day close. The transaction closed on schedule with no price adjustments, reflecting continued demand for well-located retail properties.”
Kanich, investment specialist in Marcus & Millichap’s Chicago Downtown office, had the exclusive listing to market the property on behalf of the seller and procured the buyer.
The 3,456-square-foot drive-through bank is located at 2821 Central St. in Evanston’s Central Street retail district. Built in 2004, the property is positioned on a corner lot near national retailers and within two miles of Northwestern University, Old Orchard Mall and Lake Michigan.
“We were referred to the trustee of a California-based estate because of our expertise in single-tenant net-lease assets,” said Nicholas Kanich, managing director investments. “We secured an out-of-state purchaser with ties to Illinois who presented strong terms, including a 14-day due diligence period and a seven-day close. The transaction closed on schedule with no price adjustments, reflecting continued demand for well-located retail properties.”
Kanich, investment specialist in Marcus & Millichap’s Chicago Downtown office, had the exclusive listing to market the property on behalf of the seller and procured the buyer.
The 3,456-square-foot drive-through bank is located at 2821 Central St. in Evanston’s Central Street retail district. Built in 2004, the property is positioned on a corner lot near national retailers and within two miles of Northwestern University, Old Orchard Mall and Lake Michigan.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
