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First Merit Bank
  • Location:

    401 Deerfield Parkway
    Buffalo Grove, IL 60089
  • Details:

    Type: Net Lease Investment Sale
    Status: Recently Sold
  • Description:

    The property, constructed in 1995 and renovated in 2011, is a freestanding 4,710 SF building located on 2.5 acres. In 2011 the Tenant relocated a nearby bank branch from Old McHenry Rd and Route 53 in Lake Zurich to this new location because this site is on a highly visible corner, provides better convenience for customers, and is near the train station. The subject branch has $45 million in deposits, which is 14% above the Tenant’s average in Lake County. The site features excellent visibility along Deerfield Pkwy (18,300 VPD) and Weiland Rd (15,400 VPD). Deerfield Pkwy is a high traffic thoroughfare running East-West through the town of Buffalo Grove, connecting residents to the Metra Line, US 45/Milwaukee Ave (34,200 VPD), and I-94 (159,000 VPD)
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