Industrial · Chicago, Illinois
Calumet Business Center
Calumet Business Center is financed with a $28.5M CMBS loan at 4.305% that reaches maturity on February 1, 2027, in 3 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $28,499,034
- Original balance (same notes)
- $35,062,500
- Interest rate
- 4.305% fixed
- Originated
- January 31, 2017
- Maturity
- February 1, 2027
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- October 31, 2026
- Master servicer
- Trimont LLC
- Originator
- MSBNA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 9500, 9501, 9540, 9810 and 9860 South Dorchester Avenue; 1501 East 96th Street; 1400 East 97th Street; 1400-1550 East 97th Place; 1401-1581 East 98th Street; 1400-1550 East 98th Place, Chicago, IL 60628
- Metro
- Chicago-Naperville-Elgin, IL-IN
- Rentable area
- 1,637,851 sq ft
- Built
- 1951, renovated 2014
- Largest tenants
- Odyssey Logistics & Technology Corporation; MWD logistics; Cargill Incorporated
- Value at securitization
- $47.5M (Jan 2017)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.14x | 1.08x |
| Occupancy | 98% | 81% |
| Net operating income (annualized from 3 months) | $4.5M | $2.3M |
| Debt yield | 8.0% |
Debt yield here is the latest NOI divided by the balance held in the trusts below. If part of the loan sits outside them, the true figure is lower.
Watch flags
Computed from the Morgan Stanley Bank of America Merrill Lynch Trust 2017-C33 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
- Matures within 12 months
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
What the filing shows
- Occupancy has fallen from 98% when the loan was securitized to 81%.
- Net operating income is 49% below the underwritten figure ($2.3M a year against $4.5M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 2.14x at securitization to 1.08x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $28.5M | Current | No | 1.08x | 81% |
| August 2026 | $28.6M | Current | No | 1.08x | 81% |
| July 2026 | $28.6M | Current | No | 1.08x | 81% |
| June 2026 | $28.7M | Current | No | 1.08x | 81% |
| May 2026 | $28.8M | Current | No | 2.02x | 81% |
| April 2026 | $28.8M | Current | No | 2.02x | 81% |
| March 2026 | $28.9M | Current | No | 2.02x | 81% |
| February 2026 | $29.0M | Current | No | 2.25x | 81% |
| January 2026 | $29.1M | Current | No | 2.25x | 81% |
| December 2025 | $29.1M | Current | No | 2.25x | 81% |
| November 2025 | $29.2M | Current | No | 1.88x | 86% |
| October 2025 | $29.3M | Current | No | 1.88x | 86% |
From each trust's ABS-EE filing for that month. Coverage and occupancy change only when the servicer reports new statements. If one trust holding a piece of the loan skipped a month, that month's balance reads low.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Morgan Stanley Bank of America Merrill Lynch Trust 2017-C33 | 9 | $28,499,034 | Sep 2026 | SEC filing, October 2, 2026 |
Other Chicago-Naperville-Elgin loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Old Chicago Post Office | Chicago, IL | Office | $125.0M | 3.47% | Jan 2027 | n/a | n/a | Current |
| University Center Chicago | Chicago, IL | Multifamily | $120.6M | 3.92% | Aug 2027 | 3.25x | 99% | Current |
| Prudential Plaza, Chicago (2027 maturity), loan 5 in CD 2017-CD3 Mortgage Trust | Chicago, IL | Office | $65.0M | 4.61% | Aug 2027 | 1.82x | 63% | Current |
| Radisson Blu Aqua Hotel | Chicago, IL | Hotel | $64.0M | 4.597% | Nov 2027 | 2.19x | 70% | Current |
| Prudential Plaza, Chicago (2027 maturity), loan 3 in JPMDB Commercial Mortgage Securities Trust 2017-C5 | Chicago, IL | Office | $60.4M | 4.61% | Aug 2027 | 1.82x | 63% | Current |
| Crossings at Hobart | Merrillville, IN | Retail | $45.5M | 4.84% | Mar 2027 | 1.26x | 93% | Current |
| Lincolnshire Commons | Lincolnshire, IL | Mixed use | $40.5M | 4.46% | Aug 2027 | 1.21x | 70% | Current |
| Hilton Garden Inn Chicago/north Loop | Chicago, IL | Hotel | $27.8M | 4.80% | Jun 2027 | 2.24x | 77% | Current |
All loans maturing in 2027 · All Chicago-Naperville-Elgin loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.