701 McMillan Building For Sale or Lease (701 McMillan West Monroe, La.)


available sep 27


701 McMillan Road (a former bank/office building) West Monroe, La. 71291. Building is available for sale or lease. Would sell building for $1,300,000. Building sits on a corner lot on 1.50 acres. 2 driveways are located on McMillan Road, 1 driveway is located on Blanchard Street.

Present Layout
"Bank" portion of building size 2732 sq. ft. (46.5% of building)
"Offices" portion of building size 3144 sq. ft. (53.5% of building)
Total Building size (single story) 5876 sq. ft. (100% of building)
Suite 100 (Bank) 2732 sq. ft.
Suite 200 (Office Occupied) 1116 sq. ft.
Suite 300 (Office Unoccupied) 1153 sq. ft.
Suite 400 (Office Unoccupied) 641 sq. ft.
Common Area 234 sq. ft.

Bank drive through could be enclosed to add an additional 1750 sq. ft.
40+ parking spaces including handicapped spaces
"Bank" has separate utilities: sewer, water, natural gas, and electricity and pay those utilities directly to provider
"Bank" and "Offices" will pay their prorated CAM, Taxes, and Insurance.
"Offices" Landlord will pay utilities direct. Tenants share all utilities and will be included in their CAM.

Lease Payments
Lease payments would vary based on tenant, size of space, and/or whether renovations were needed and paid for by tenant or landlord. Probable lease payment range would be between $18-$28 per square feet. Minimum 5 year term leases.
Close to "Restaurant Row" (Constitution Drive and I-20) and "Fast Food Alley" (Thomas Road and I-20). Numerous restaurants and hotels are very close by. This property is only 1 block from the main "drag", Thomas Road, in West Monroe near most of the fast food locations and many of the sit down restaurants, as well as Tinsel Town, the brand new Assembly of God Church, Glenwood Medical Center, Glenwood Medical Mall, AT&T, Wal-Mart, and much, much more. This intersection (Blanchard and McMillan) is soon to be signalized. The bank/office space could be divided easily to accommodate restaurants, retail, and/or office space. Also, the Bank portion has an additional covered area (used as the bank drive-thru) 1,750 square feet, that certainly be converted to heated square footage or used for storage.

Please respond to this ad via email, leaving a name and phone number and/or a current email address, to schedule a showing or to request additional information or you may call 318-two43-seven964.
  • do NOT contact me with unsolicited services or offers

post id: 6987625416



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