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3245 W Arthington St Chicago, IL 60624

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For Sale
$8,268,000

Large-scale redevelopment opportunity near Kedzie-Homan Blue Line CTA Station.

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Listing Contact
Drew Dillon
Drew Dillon
Source: Svnchicago

Listing Agent: Drew Dillon

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

Redevelopment Opportunity in Homan Square

This portfolio presents an opportunity for redevelopment in Homan Square, Chicago, Illinois. The offering includes the former 11-story Allstate office building at 3245 W Arthington, a parking structure at 3240 W Arthington, and a developable land site at 3201 W Arthington. The portfolio, totaling 292000 square feet, can be purchased as a single unit or divided. The location is four blocks from the Kedzie-Homan Blue Line CTA Station and four blocks from the I-290 freeway, with the Chicago Loop four miles away. Additional land is available for parking or ground-up development. The property is offered for $12 per square foot.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.7076379
Latitude
41.8694866

FAQs

What type of property is this?
Land - Large-scale redevelopment opportunity near Kedzie-Homan Blue Line CTA Station.
Where is this land located?
The property is located at 3245 W Arthington St Chicago, IL.
What is the asking price?
The asking price for this property is $8,268,000.
What are key features of this property?
This property features: - Large-scale redevelopment opportunity including an 11-story former Allstate Headquarters, a parking structure, and land.; - Potential for division of the portfolio into separate purchases.; - Additional land available for parking or ground-up development.
More about this property
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