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    OFF-MARKET
    Office buildings

    3333 Arthington St, Chicago, IL 60624-4280

    2.01 ac lot Built 1903
    Entity Owned 21-yr Hold Free & Clear
    Property ID
    US28-2480642
    Property summary
    AI-generated overview

    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
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING (MULTI-STORY)
    Year built 1903
    Lot 2.01 ac (87,556 SF)
    APN 16-14-417-007
    UPID US28-2480642
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Life First Inc Social Service Agency Charitable Organization
    • Prevention Force Family Center Social Service Agency Charitable Organization
    • Revelations International Church
    • Prevention Force Family Center - Food Distribution Center Food Bank Charitable Organization
    • CTI Collection Services, Inc Consultant
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Sterling Park Dev LLC · 21 yrs held
    Sterling Park Dev LLC
    since 2004
    7 recorded transactions
    2017
    2017
    2014
    2014
    2014
    2013
    2013
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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