SVN Chicago Commercial is please to present for sale 555 Burnham Ave. Calumet City, Cook County, Illinois. The property is a free standing approx. 26,510 SF vacant office building that formerly was a BMO Harris Bank facility. The building is 2 stories and has an improved basement area. There are two parking areas for the property. One is adjacent to the building with 46 spaces and the other is across the street which could be 72 spaces. The property having been a former major bank branch features extensive build out office suites. This property can be redevelopment for use as a medical facility, education center, or corporate headquarters or opened as a bank facility.
The property sits in the new Opportunity Zone for Calumet City which could allow for some capital gains benefits (consult your CPA for IRS rules). The property had a class 8 status that can be reactivated. The property is also available for lease.
Calumet City is 19 miles south of the Chicago Loop, it's located across the southeast boundary of the city of Chicago at the state line between 143rd Street and 163rd Street, east of the Bishop Ford Freeway. It is north of Lansing and southeast of Dolton. Originally known as West Hammond, Calumet City shares State Line Road with Hammond, IN. A landmark and point of pride among Cal City residents is the pair of large water towers painted like the popular "Have a Nice Day" smiley faces.