Just off the Sanitary and Ship Canal at 2900 South Damen Avenue, a 24 acre industrial site that is owned by the Department of Central Management Services is heading to auction yet again. Can the State of Illinois finally sell off its last vacant property in the city? Considering the state has dropped its minimum bid from $17.3 million in 2007 to $3.8 million, it may not be a hard sell this time around. The cleanup of the old Damen Silos could be costly, however, the possibilities are endless when considering the sheer size of the property. Best known for making a cameo appearance in Transformers 4 as the exploding Chinese building, the location will be up for online auction between November 2 and November 7, Crain's reports.
The Damen Silos were also the temporary home to a squatter who was the subject of a short award-winning documentary. If the site does sell, it's possible that it may be reused for an industrial purpose, but Crain's has reported that retail space could also make an appearance.
— Jason Prechtel
·State to auction waterfront property, fireball not included [Crain's]