Shopping Strip
U.S. Bank Anchored Center | High Deposits | $111M Branch Deposits
18300 Dixie Hwy, Homewood, IL 60430
Listing Price: $1,095,000
Investment Overview
Marcus & Millichap is pleased to exclusively present a U.S. Bank Anchored Center.
This fully occupied three-tenant mixed-use center is anchored by U.S. Bank, boasting a strong credit rating of S&P "A". With high deposits, this U.S. Bank location reported over $111 million in deposits in 2023, showing a remarkable increase of over 119% within the last seven years. U.S. Bank contributes to 68% of the property's income stream, and the branch has been operating continuously as a bank since 2005. The property's real estate fundamentals are highly attractive, sitting on a large 1.11-acre rectangular lot with three drive-thru lanes, providing flexibility for future tenants. Positioned at a signalized, hard corner intersection with a combined traffic count of 32,300 vehicles, it offers excellent visibility. The property's location in Homewood's downtown area is ideal, being only half a mile away from Metra, Amtrak, and Pace Bus stations. The surrounding demographics are also favorable, with a population of 195,339 people residing within a five-mile radius, an average household income of $104,773 within one mile, and 83,090 people working within three miles.
U.S. Bank Anchored Center | High Deposits | $111M Branch Deposits
Investment Highlights
- 100% Occupied Three-Tenant Mixed-Use Center Anchored by U.S. Bank | S&P "A" Credit Rating
- High Deposits | This U.S. Bank Location Reported over $111 Million in Deposits in 2023 (per FDIC)
- Long Operating History | Property has Continuously Operated as a Bank Branch Since 2005
- Priced Below Replacement Cost at $93.02 per Square Foot for Building | $22.44 per Square Foot for Land
- Ideally Situated in the Downtown Area of Homewood | Half a Mile to the Metra, Amtrak, and Pace Bus Stations
- Property Sits on a Large 1.11 Acre, Rectangular Shaped Lot
Shopping Strip
U.S. Bank Anchored Center | High Deposits | $111M Branch Deposits
Listing Price: $1,095,000
Investment Highlights
- 100% Occupied Three-Tenant Mixed-Use Center Anchored by U.S. Bank | S&P "A" Credit Rating
- High Deposits | This U.S. Bank Location Reported over $111 Million in Deposits in 2023 (per FDIC)
- Long Operating History | Property has Continuously Operated as a Bank Branch Since 2005
- Priced Below Replacement Cost at $93.02 per Square Foot for Building | $22.44 per Square Foot for Land
- Ideally Situated in the Downtown Area of Homewood | Half a Mile to the Metra, Amtrak, and Pace Bus Stations
- Property Sits on a Large 1.11 Acre, Rectangular Shaped Lot
Investment Overview
Marcus & Millichap is pleased to exclusively present a U.S. Bank Anchored Center. This fully occupied three-tenant mixed-use center is anchored by U.S. Bank, boasting a strong credit rating of S&P "A". With high deposits, this U.S. Bank location reported over $111 million in deposits in 2023, showing a remarkable increase of over 119% within the last seven years. U.S. Bank contributes to 68% of the property's income stream, and the branch has been operating continuously as a bank since 2005. The property's real estate fundamentals are highly attractive, sitting on a large 1.11-acre rectangular lot with three drive-thru lanes, providing flexibility for future tenants. Positioned at a signalized, hard corner intersection with a combined traffic count of 32,300 vehicles, it offers excellent visibility. The property's location in Homewood's downtown area is ideal, being only half a mile away from Metra, Amtrak, and Pace Bus stations. The surrounding demographics are also favorable, with a population of 195,339 people residing within a five-mile radius, an average household income of $104,773 within one mile, and 83,090 people working within three miles.
