3333 Arthington StChicago, IL 60624

Property Details for 3333 Arthington St

Year built

1903

Lot size

2.01 AC

Property type

Office properties

Property subtype

Office buildings

APN

16-14-417-007

APU

1614417007

Description

This exceptional redevelopment opportunity presents a unique chance to acquire the former Sears, Roebuck and Company Administration Building, a Chicago Landmark designated in 2002 and situated at 3333 W Arthington St, Chicago, IL 60624. This five-story, 239,000 square foot masonry building, boasting a classical revival façade, occupied approximately three-quarters of the block between South Homan and Spaulding. Originally constructed in 1905 as the executive headquarters for Sears, it served that purpose until 1973. The property, currently vacant, is zoned PD-971 and offers significant potential for mixed-use, multifamily, or office development. Extensive demolition has already been completed, preparing the site for a new interior buildout. Its prime location provides convenient access to the Kenzie-Homan CTA Blue Line station and the I-290 Expressway. The asking price is $5,258,000, or $22 per square foot. This is a truly remarkable opportunity to revitalize a piece of Chicago's history. The property is classified as Class C and is offered as a vacant development site.

• CAP approach

  CAP return

  Valuation

  6%

  $28,138,004

  6.5%

  $25,973,542

  7%

  $24,118,288

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,404,169

  Geo Method

  $11,404,169

• Alternative Use

  Use

  Valuation

  Residential

  $32,207,192

  Hospitality

  $29,501,614

  Educational

  $24,544,996

  Medical

  $25,389,136

  Retail

  $38,181,104

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.8697

Longitude

-87.7096

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].