Listing Agency: Marcus & Millichap - Dallas a***@marcusmillichap.com Show Phone

Listed By: Adam Abushagur · License #TX 661916

Source: Crexi

Added: Apr 11 Changed: Aug 31 Last Checked: Aug 29 at 3:33PM

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Investment Insights

Based on property information with market context.

This single-tenant distribution center contains approximately 66,000 square feet on a 6.3-acre site. The building provides 24-foot under-hook clearance, reaches a maximum clear height of 34 feet, and includes four dock-high doors, 10 drive-in doors, and a 25-ton interior crane.

The property is leased to BP Products North America, Inc. under a triple-net lease running through May 2028, with the tenant’s obligations fully guaranteed. It is positioned along Interstate 90 in Lake County near the Indiana-Illinois border. BP’s 1,400-acre Whiting Refinery directly adjoins the site and is identified as the company’s largest processing facility worldwide.

Key Highlights

• Approximately 66,000 square feet on 6.3 acres
• 24’ under‑hook clearance and 34’ maximum clear height
• Four dock‑high doors and 10 drive‑in doors

Property Analytics

Property Profile

Current Use

Calumet Storage Storage Facility Jacobs Engineering Group ... Engineer

Suggested Use

Top Pick Dental Office Spa & Massage Center Pharmacy Hair Salon Kitchen & Bath Showroom Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

101

Businesses Nearby

Explore this area Business Placement

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Distribution center - Single-tenant facility with a fully guaranteed triple-net lease extending through May 2028.

Where is this distribution center located?

The property is located at 3232 Calumet Ave Hammond, IN.

What are key features of this property?

This property features: Approximately 66,000 square feet on 6.3 acres; 24’ under‑hook clearance and 34’ maximum clear height; Four dock‑high doors and 10 drive‑in doors