3245 W Arthington St - Office FOR SALE


Chicago, IL 60624- Lawndale
$8,268,000 USD
312-676-1860
3245 W Arthington St, Chicago, IL for Sale
$8,268,000 USD
Office - FOR SALE
1/9
null | Request Cap Rate

3245 W Arthington St
Chicago, IL 60624
Lawndale


HIGHLIGHTS

  • Large-scale redevelopment opportunity in Homan Square consisting of the 11-story former Allstate Headquarters, a parking structure and land
  • Additional land for parking or ground-up development is available as part of the site
  • Walking distance to the Kenzie-Homan CTA Blue Line stop
  • Easy access to the I-290 Expressway
  • Offered for $12/SF | Prices Subject to offer

OVERVIEW

Incredible opportunity to redevelop the former Allstate office building (3245 W Arthington), a large parking structure (3240 W Arthington) and a developable land site (3201 W Arthington). The portfolio is available as a single purchase or can be divided. With a variety of potential uses, this portfolio is conveniently located only four blocks to the Kedzie-Homan Blue Line CTA Station, as well as four blocks from the I-290 freeway. With the Chicago Loop only four miles away, this portfolio benefits from its location.

FOR SALE DETAILS

PRICE

$8,268,000 USD

PRICE/SF

$28 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Historic Former Allstate HQ

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

11

BUILDING CLASS

C

YEAR BUILT

1949

SPRINKLERS

-

PARKING SPACES

1150

LAND DETAILS

LAND ACRES

1.95 AC

LAND SF

84,942 SF

ZONING

PD-971

APN/PARCEL ID

16-14-415-021-0000,16-14-417-004-0000,16-14-417-005-0000

ASK ABOUT THIS PROPERTY

Scott MaeselSVN | Chicago CommercialMore Info
312-676-1860

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Scott MaeselSVN | Chicago CommercialMore Info
312-676-1860

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.