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Historic Former Allstate HQ 3245 W Arthington St 292,000 SF 100% Leased Office Building Chicago, IL 60624 $8,268,000 ($28.32/SF)
Investment Highlights
- Large-scale redevelopment opportunity in Homan Square consisting of the 11-story former Allstate Headquarters, a parking structure and land
- Walking distance to the Kenzie-Homan CTA Blue Line stop
- Offered for $12/SF | Prices Subject to offer
- Additional land for parking or ground-up development is available as part of the site
- Easy access to the I-290 Expressway
Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Building Size
292,000 SF
Building Class
C
Year Built
1949
Price
$8,268,000
Price Per SF
$28.32
Percent Leased
100%
Tenancy
Multiple
Building Height
11 Stories
Typical Floor Size
26,545 SF
Building FAR
3.44
Lot Size
1.95 AC
Opportunity Zone
Yes
Zoning
PD-971
Parking
1,150 Spaces (3.94 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Metro/Subway
- Signage
1 1
Exceptionally walkable
90/100
Moderately drivable
60/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $3,230,335 | |
| Land Assessment | $995,768 | Total Assessment | $4,226,103 |
Property Taxes
Parcel Numbers
Land Assessment
$995,768
Improvements Assessment
$3,230,335
Total Assessment
$4,226,103
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Historic Former Allstate HQ | 3245 W Arthington St
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