3201 Arthington St Chicago, IL 60624

Property Details for 3201 Arthington St

Property size

550,000 SF

Property type

Office Properties & Spaces

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Chicago

County

Cook

State

Illinois

Longitude

-87.7058

Latitude

41.8701