3245 W Arthington St, Chicago, IL 60624

This exceptional redevelopment opportunity encompasses a prime 706,000 square foot portfolio in Chicago's Homan Square neighborhood. The offering includes the former 11-story Allstate headquarters building at 3245 W Arthington St, a substantial parking structure at 3240 W Arthington St, and an adjacent developable land parcel at 3201 W Arthington St. The property is zoned PD-971, allowing for a variety of potential uses, making it ideal for residential, office, or mixed-use development. Currently vacant, this Class C property presents a unique chance to reshape a significant site. The asking price is $8,268,000, translating to $11.71 per square foot. Its strategic location offers unparalleled access to public transportation, being just four blocks from the Kedzie-Homan Blue Line CTA station and four blocks from the I-290 freeway. The Chicago Loop is a mere four miles away, providing convenient access to the city's central business district. The portfolio is available for purchase as a whole or can be divided into individual components, catering to diverse investment strategies. Additional land is available for parking expansion or ground-up development, enhancing the overall potential of this significant undertaking. This is a rare chance to acquire a large-scale redevelopment project in a rapidly evolving area of Chicago.