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3201 Arthington StChicago, IL 60624

Chicago Landmark Buildings, Huge Potential

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional redevelopment opportunity encompasses a significant portfolio in Chicago's Homan Square, offering a unique blend of historical significance and future potential. The core of the offering includes two prominent buildings: the landmark five-story Sears, Roebuck and Company Administration Building, a stunning example of classical revival architecture, and the ten-story former Allstate Headquarters building. Both structures are situated on a substantial site at 3201 W Arthington St, Chicago, IL 60624, with additional land parcels available for parking expansion or ground-up development. The total square footage across the three buildings and land parcels is 550,000 square feet. The property is zoned PD-971, allowing for a variety of development options. The Sears building, constructed in 1905 and designated a Chicago Landmark in 2002, served as the company's executive headquarters until 1973. Its prime location offers convenient access to public transportation, being within walking distance of the Kenzie-Homan CTA Blue Line station and the I-290 Expressway. This multi-building portfolio presents a rare chance to acquire a substantial, mixed-use property with significant historical value and considerable redevelopment potential. Multiple purchase options exist, including the acquisition of the entire portfolio or individual buildings. The property's size and location, combined with potential tax incentives, make this an attractive investment for developers seeking a large-scale project in a rapidly developing area of Chicago. Detailed information is available upon request.

Highlights

  • Large-scale redevelopment opportunity in Chicago's Homan Square.
  • Landmark five-story Sears, Roebuck & Co. Administration Building (3333 W Arthington) featuring classical revival architecture.
  • Includes the ten-story former Allstate Headquarters building (3245 W Arthington).
  • Excellent location near the Kenzie-Homan CTA Blue Line station and I-290 Expressway.
  • Additional land parcels available for parking or new construction.

Property Details for 3201 Arthington St

Property type
Office properties, Multifamily properties
Square Feet
550,000 SF
Class
C
Buildings
3

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.870053396259
Longitude
-87.705847943088
3201 Arthington St, Chicago, Illinois

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3201 Arthington St
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