Property summary
This exceptional redevelopment opportunity presents a unique chance to acquire the former Sears, Roebuck and Company Administration Building, a Chicago Landmark designated in 2002 and situated at 3333 W Arthington St, Chicago, IL 60624. This five-story, 239,000 square foot masonry building, boasting a classical revival façade, occupied approximately three-quarters of the block between South Homan and Spaulding. Originally constructed in 1905 as the executive headquarters for Sears, it served that purpose until 1973. The property, currently vacant, is zoned PD-971 and offers significant potential for mixed-use, multifamily, or office development. Extensive demolition has already been completed, preparing the site for a new interior buildout. Its prime location provides convenient access to the Kenzie-Homan CTA Blue Line station and the I-290 Expressway. The asking price is $5,258,000, or $22 per square foot. This is a truly remarkable opportunity to revitalize a piece of Chicago's history. The property is classified as Class C and is offered as a vacant development site.
Property profile
VerifiedCap rate & NOI
Current use
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Social Service Agency Charitable Organization
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Social Service Agency Charitable Organization
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Church
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Food Bank Charitable Organization
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Consultant
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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