3201 Arthington St, Chicago, IL 60624
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.