Homan Square Portfolio

For Sale

3333 W Arthington, 3245 W Arthington, 3240 W Arthington, 3201 W Arthington, Chicago, IL 60624

This Chicago property for sale is located at 3333 W Arthington, 3245 W Arthington, 3240 W Arthington, 3201 W Arthington. The general use of Homan Square Portfolio is office and it incorporates 550,000 square feet of class C office space. The current listed sale price for Homan Square Portfolio is Subject to Offer .

Contacts

broker

Scott Maesel

SVN | Chicago Commercial

(312) 676-1860

Property Details

  • Property Type Office - General Office
  • Property Size 550,000 SF
  • Building Class C
  • Date Updated Apr 22, 2024
The site of the former Sears headquarters was redeveloped beginning in 1988 as Homan Square. The redevelopment of parts of this site has included new construction of owned and rental mixed-income housing; adaptive reuse and restoration of historic properties for use as a community center, school, and other facilities; a new community pool and recreation center; and associated retail. Homan Square is often used as an example of the revitalization of North Lawndale. The former Sears tower was rehabbed and reopened to the public as “The John D. and Alexandra C. Nichols Tower” in 2015. It now houses non-profit groups and youth association offices. The 3301 W Arthington was also successfully redeveloped a 181-unit residential building in 2017.Offering includes the Former Sears Roebuck and Allstate Headquarters buildings in Chicago's Homan Square neighborhood. The Portfolio includes the potential for multiple tax incentives. Purchase options include: -The full offering - all 4 assets -3333 W Arthington Building (Former Sears Building) -3245 W Arthington Building (Former Allstate HQ Building) All prices are subject to offer. Please see the Sale OMs for complete details.

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Highlights

  • Large-scale redevelopment opportunity in Homan Square consisting of 2 buildings, a parking structure and land.
  • Sears, Roebuck and Company Administration Building is a landmarked five-story masonry building, occupying about
  • 3/4 of the block facing West Arthington between South Homan and Spaulding with a classical revival façade.
  • The opportunity also includes the 10-story former Allstate Headquarters
  • Walking distance to the Kenzie-Homan CTA Blue line stop and easy access to the I-290 Expressway.
  • Administration Building was designed and constructed as the executive headquarters for Sears, Roebuck and Co. in 1905, and it continued that function until 1973, when the company moved to the Sears Tower (now Willis Tower) in downtown Chicago.
  • The Administration Building was designated as a Chicago Landmark in 2002.
  • Additional land for parking or ground-up development is available as part of the site.

Attachments

Getting around

  • 76/100

    Walk Score ®

  • 68/100

    Transit Score ®

  • 60/100

    Bike Score ®

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Location

  • City Chicago, IL
  • Neighborhood Homan Square
  • Zip Code 60624
  • Market Chicago

Points of Interest

  • Kedzie-Homan

    0.31 miles

  • Pulaski

    0.98 miles

  • Kedzie

    1.03 miles

  • Kedzie

    1.10 miles

  • Central Park

    1.12 miles

  • Conservatory-Central Park Drive

    1.12 miles

  • Western

    1.15 miles

  • California

    1.22 miles

  • California

    1.31 miles

  • Pulaski

    1.33 miles

  • Citgo

    0.26 miles

  • GoLo

    0.55 miles

  • BP

    0.56 miles

  • Marathon

    0.62 miles

  • BP

    0.62 miles

  • Shell

    0.81 miles

  • Falcon

    0.87 miles

  • Citgo

    0.87 miles

  • Mobil

    1.16 miles

  • Shell

    1.22 miles

  • Overflow Parking

    1.54 miles

  • Lot W5

    1.57 miles

  • City of Chicago Auto Pound #6

    1.66 miles

  • Lot A4

    1.76 miles

  • Lot A3

    1.78 miles

  • Lot B2

    1.81 miles

  • f

    1.83 miles

  • Lot C4

    1.84 miles

  • Lot B4

    1.88 miles

  • Disabled

    1.88 miles

  • Shamrock Motel

    1.86 miles

  • Hyatt Place Chicago - Medical / University District

    1.89 miles

  • Hyatt House Chicago - Medical / University District

    1.96 miles

  • Karavan Motel

    1.98 miles

  • Hotel Chicago West Loop

    2.23 miles

  • Marriott at Medical District/UIC

    2.26 miles

  • Cindy Lyn Motel

    2.84 miles

  • Hyatt House

    2.95 miles

  • Holiday Jones

    3.05 miles

  • Alexandra's place

    3.05 miles

  • Freshway Market

    0.18 miles

  • Save-A-Lot

    0.92 miles

  • Pete's Fresh Market

    1.44 miles

  • Pete's Fresh Market

    1.55 miles

  • Workshop Apothecary

    1.64 miles

  • Walmart Neighborhood Market

    1.67 miles

  • Fairplay Foods

    1.72 miles

  • Supermercado La Chiquita

    1.78 miles

  • Cermak Fresh Market

    1.79 miles

  • Little Village Discount Mall

    1.84 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Scott Maesel

SVN | Chicago Commercial

(312) 676-1860