**BMO Bank Property in Evanston Sells for $1.675 Million**
Marcus & Millichap has announced the successful sale of a BMO Bank property in Evanston, Illinois, for $1.675 million.
“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 at Marcus & Millichap. “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, an investment specialist in Marcus & Millichap’s Chicago Downtown office, held the exclusive listing to market the property on behalf of the seller and also procured the buyer.
The 3,456-square-foot drive-through bank is located at 2821 Central Street, in the heart of Evanston’s Central Street retail district. Built in 2004, the property occupies a prominent corner lot, surrounded by national retailers and situated within a two-mile radius of Northwestern University, Old Orchard Mall, and Lake Michigan.
