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Historic Former Allstate HQ 3245 W Arthington St 292,000 SF Vacant Office Building Chicago, IL 60624 $11,541,467 CAD ($39.53 CAD/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
Office
Building Size
292,000 SF
Building Class
C
Year Built
1949
Price
$11,541,467 CAD
Price Per SF
$39.53 CAD
Percent Leased
Vacant
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
Walk Score®
Very Walkable (72)
Transit Score®
Excellent Transit (72)
PROPERTY TAXES
| Parcel Number | 16-14-417-004-0000 | Improvements Assessment | $1,358,639 CAD |
| Land Assessment | $384,317 CAD | Total Assessment | $1,742,955 CAD |
PROPERTY TAXES
Parcel Number
16-14-417-004-0000
Land Assessment
$384,317 CAD
Improvements Assessment
$1,358,639 CAD
Total Assessment
$1,742,955 CAD
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Historic Former Allstate HQ | 3245 W Arthington St
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