Skip to main content

Bank

BMO Harris Bank - Hammond

7227 Calumet Ave, Hammond, IN 46324

Listing Price: $1,380,214

Cap Rate
7.00%
Tenant Name
BMO Harris Bank
Years Remaining On Lease
6.0
Guarantor
Corporate Guarantee
Rentable SF
3,901
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$24.77

Investment Overview

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

Exclusively Listed By

Broker of Record

  • Julia Evinger

    Managing Director Investments

    (317) 218-5300

    License(s) IN: RB14040143

    Indiana

Financing By

Bank

BMO Harris Bank - Hammond

Listing Price: $1,380,214

Cap Rate
7.00%
Tenant Name
BMO Harris Bank
Years Remaining On Lease
6.0
Guarantor
Corporate Guarantee
Rentable SF
3,901
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$24.77

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

Investment Overview

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.

Exclusively Listed By

Broker of Record

  • Julia Evinger

    Managing Director Investments

    (317) 218-5300

    License(s): IN: RB14040143

    Indiana

Financing By

MM Texture Background
MM Textured Background Lower