3333 Arthington St, Chicago, IL 60624-4280
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.
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CTI Collection Services, Inc Consultant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.