Office Space
555 Burnham Avenue Calumet City, IL 60409
Details & Description
Price: $1,500,000
    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.HighlightsLarge freestanding 2 story office building of 26,510 SFElevator BuildingAmple parking with an adjacent lot and across the street lot.Full basement with kitchen and office areas.Property is in Calumet City’s new Opportunity ZoneProperty was under Class 8 statusProperty can also be leased
    Listing Agents
    Nicholas Manganais

    O: 312-756-7332
    M: 708-205-5383
    nick.manganais@svn.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    555 Burnham Avenue

    Calumet City, IL 60409

    Listing ID: 219841
    • 555 Burnham Avenue Calumet City, IL 60409 | for Sale | Photo 1
    • 555 Burnham Avenue Calumet City, IL 60409 | for Sale | Photo 2
    • 555 Burnham Avenue Calumet City, IL 60409 | for Sale | Photo 3
    555 Burnham Avenue | for Sale | Thumbnail 1
    555 Burnham Avenue | for Sale | Thumbnail 2
    555 Burnham Avenue | for Sale | Thumbnail 3
    Building Size: 26,510 SF
    Lot Size: 1.790 AC
    Land Size: 77,972 SF
    Building $/SF: $56.58
    Land $/SF: $19.24
    Price
    $1,500,000
    Description

    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.

    Highlights

    Large freestanding 2 story office building of 26,510 SF

    Elevator Building

    Ample parking with an adjacent lot and across the street lot.

    Full basement with kitchen and office areas.

    Property is in Calumet City’s new Opportunity Zone

    Property was under Class 8 status

    Property can also be leased

    Attachments & Files

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Chicago History of Office Space for Sale

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    Calumet City Area Market Trends

    Listing Demographics for 555 Burnham Avenue Calumet City, IL 60409

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population15,112109,228248,939
    Population Median Age373737
    Population by Age0-9 Yrs1611 (10%)13365 (12%)32644 (13%)
    10-19 Yrs2582 (17%)17323 (15%)38009 (15%)
    20-29 Yrs2053 (13%)15791 (14%)35155 (14%)
    30-39 Yrs1716 (11%)13350 (12%)30101 (12%)
    40-49 Yrs2335 (15%)14123 (12%)31488 (12%)
    50-59 Yrs2358 (15%)14601 (13%)32491 (13%)
    60-69 Yrs1330 (8%)11263 (10%)26569 (10%)
    70+ Yrs1128 (7%)9412 (8%)22483 (9%)
    Median HH Income$45,600$44,339$46,367
    Total Household Income< 24K1400 (26%)11503 (28%)24981 (27%)
    25-49K1344 (25%)10290 (25%)23350 (25%)
    50-74K1169 (22%)7593 (18%)17033 (18%)
    75-99K639 (12%)4499 (11%)10866 (11%)
    100-199K582 (11%)5557 (13%)13412 (14%)
    200K+109 (2%)539 (1%)1644 (1%)
    Highest Education LevelNo Diploma16751144723954
    Diploma or GED32032298852667
    Some College29121892441530
    Assoc. Degree984556612822
    Bachelors Degree740747919443
    Higher Degree32937739614
    Total Housing Units6,27946,527104,810
    --Owner-Occupied2,82322,82655,628
    --Renter-Occupied2,42017,15535,658
    Owner-Occupied Values< 100K11721158024477
    100-199K1461949425186
    200-299K4911584096
    300-399K332831070
    400-499K742271
    500K+100270528
    Total Working Age Population11,84685,619193,439
    In Work Force7,29452,773119,221
    Not In Work Force4,55232,84674,219
    Workforce Employed6,29645,834105,070
    Workforce Unemployed9976,92214,064
    Civlian Workforce7,29352,757119,134
    Military Workforce01687
    Total Households5,24339,98191,286
    Family Households3,58525,34158,934
    Non-Family Households1,65814,64032,351
    Married Couple1,66512,44530,410
    Other Family1,92012,89628,524
    Married w/Child7154,81611,466
    Single Male w/Child2881,1582,542
    Single Female w/Child6755,06111,936

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Illinois12,419,293+312,830,632+1214,316,487+615,138,849
    Cook County5,376,741-35,194,675+105,707,832+55,990,243
    Will County502,266+35677,560+34907,625+201,093,207
    Indiana6,080,485+76,483,802+46,738,573+47,014,880
    Lake County484,564+2496,005-3479,815+1482,321

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 555 Burnham Avenue in Calumet City?
    The asking price for 555 Burnham Avenue is $1,500,000
    What is the building size of this Office property in Calumet City, IL?
    The size of the building/unit at 555 Burnham Avenue in Calumet City is 26,510 square feet
    How much land does the Calumet City, IL property at 555 Burnham Avenue include?
    555 Burnham Avenue in Calumet City includes 1.790 acres of land
    What kind of Office is the propery at 555 Burnham Avenue?
    The property at 555 Burnham Avenue Calumet City, IL 60409 is listed as a Professional Office property
    What is the population within 1 mile of 555 Burnham Avenue in Calumet City?
    The population within 1 mile of 555 Burnham Avenue Calumet City, IL 60409 is 15,112 people.
    Who do I contact for questions about 555 Burnham Avenue?
    You should contact the listing agent, Nicholas Manganais, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Chicago Midway International Airport (MDW) 16
    Chicago O'Hare International Airport (ORD) 31
    South Bend Regional Airport (SBN) 63
    Price
    $1,500,000
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