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Redevelopment Office Campus with Parking
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3245 W Arthington St, Chicago, IL 60624

Former 11-story Allstate headquarters with an on-site parking structure and additional land for redevelopment or expansion.

Property Size292,000 SF
Price / SF$28.32
Days on Market358

Property Features for 3245 W Arthington St

General Information

Standard status Active
Size 292,000 SF
Property subtype OFFICE

Additional Details

Business Included No
Highway Access Yes

Building Details

Stories 11
Listing Agency: SVN | Chicago - Corporate
Listed By: Michael Thanasouras · License #BK3436826
Source: Moodyscre
Added: Aug 28, 2025 Changed: Aug 15 Last Checked: Aug 20 at 6:19AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Chicago - Corporate

Investment Insights

Based on property information with market context.

The offering includes the former Allstate Headquarters, a former 11-story office building, along with a parking structure and land suitable for redevelopment. Additional land is available as part of the overall site for parking use or potential ground-up development.

The property is located within walking distance to the Kenzie-Homan CTA Blue Line stop and offers easy access to the I-290 Expressway.

This is a large-scale redevelopment assemblage combining an existing office improvement, structured parking, and added land options to support multiple redevelopment paths.

Key Highlights

  • 11‑story former Allstate Headquarters with on‑site parking structure
  • Large‑scale redevelopment opportunity in Homan Square, including building, parking structure, and land
  • Additional land for parking or ground‑up development available as part of the site

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Building Supply Dental Office Law Firm Auto Repair Shop Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

854
Businesses Nearby

Demographics for 60624, IL

37,547
Population
16,250
Households
2.3
Avg Household Size
34
Median Age
13%
College-Educated
77%
High-School Grad
3.5 sq mi
ZIP Area
10,728
Density / Sq Mi
$32,607
Median Household Income
$30,924
Median Earnings
$1,152
Median Rent
$223,200
Median Home Value

Market

Vacancy Rate% for Office in Chicago, IL

17.9% 2019
19.2% 2020
20.7% 2021
23.1% 2022
23.3% 2023
25.1% 2024
25.6% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Former 11-story Allstate headquarters with an on-site parking structure and additional land for redevelopment or expansion.
Where is this office building 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: 11‑story former Allstate Headquarters with on‑site parking structure; Large‑scale redevelopment opportunity in Homan Square, including building, parking structure, and land; Additional land for parking or ground‑up development available as part of the site
(312) 676-1860 Call to check price and availability
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