First Mid Bank & Trust

For Sale

400 N Market Street, Mount Carmel, IL 62863

This Mount Carmel property for sale is located at 400 N Market Street. The current listed sale price for First Mid Bank & Trust is $1,806,000. First Mid Bank & Trust is situated on a lot that is 0.53 acre in size.

Contacts

broker
Matt Weber

Encore Real Estate Investment Services

Property Details

  • Property Type Retail - Street Retail
  • Property Size 13,068 SF
  • Lot Size 0.53 Acre
  • Property Tenancy Single Tenant
  • Year Built 1988
  • Date Updated Mar 21, 2025
113,068 Square Foot First Mid Bank & Trust Branch Located in Mt. Carmel Tenant Exercised a 5-Year Lease Renewal in 2022 Absolute Net Lease (NNN) - Zero Landlord Responsibilities 1.5% Annual Rental Increases Throughout Primary Term and Options Corporate Guarantee: $46.5 Million in Deposits | 24% Increase From 2021 (3) Five-Year Renewal Options Featuring Annual Rental Increases First Mid-Illinois Acquired 11 Locations in September of 2015 from Old National Bank. 8,500 People Within 5 Miles of Subject Property Household Income in A 5-Mile Radius Exceeds $64,000
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Highlights

  • 13,068 Square Foot First Mid Bank & Trust Branch Located in Mt. Carmel
  • Tenant Exercised a 5-Year Lease Renewal in 2022
  • Absolute Net Lease (NNN) - Zero Landlord Responsibilities
  • 1.5% Annual Rental Increases Throughout Primary Term and Options
  • (3) Five-Year Renewal Options Featuring Annual Rental Increases
  • Corporate Guarantee | First Mid-Illinois Acquired 11 Locations in September of 2015 from Old National Bank
  • 8,500 People Within 5 Miles of Subject Property
  • Household Income in A 5-Mile Radius Exceeds $64,000

Getting around

  • 69/100

    Walk Score ®

  • 42/100

    Bike Score ®

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Location

  • City Mount Carmel, IL
  • Zip Code 62863

Points of Interest

  • McDonald's

    0.44 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Matt Weber

Encore Real Estate Investment Services

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