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3245 W Arthington St Chicago, IL 60624

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For Sale
$8,268,000

Redevelopment portfolio near transportation and downtown Chicago.

Type:Land, Mixed Use, Multifamily, Office
Property size:
292,000 SF
Added:
May 2, 2024
Days on Market:
700
Last Refresh:
Mar 17 at 1:25 pm

Property Features for 3245 W Arthington St

General Information

Standard status
Active
Size
292,000 SF
Property subtype
Land, Mixed Use, Multifamily, Office

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Listing Contact
Scott Maesel

Listing agent Scott Maesel License #IL 471005379

Listing office SVN | Chicago Commercial

Listing date May 2, 2024

Source Crexi

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 Commercial


Overview

Redevelopment Opportunity in Homan Square

This portfolio presents an opportunity for redevelopment, comprising the former Allstate office building at 3245 W Arthington, a parking structure at 3240 W Arthington, and a developable land site at 3201 W Arthington. The properties, totaling 292000 square feet, are available for purchase either as a single unit or individually. The location is four blocks from the Kedzie-Homan Blue Line CTA Station and four blocks from the I-290 freeway. Situated in Homan Square, Chicago, Illinois, the portfolio is four miles from the Chicago Loop, offering convenient access to the city center. The properties have a variety of potential uses.
Location Intelligence

Current Use by Public Records

Commercial land

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?
Commercial land - Redevelopment portfolio near transportation and downtown Chicago.
Where is this commercial 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: Redevelopment opportunity: Former Allstate office building, parking structure, and developable land site.; Potential for single purchase or division of the portfolio.; Convenient location: Just four blocks to Kedzie‑Homan Blue Line CTA Station.
More about this property
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