Contacts

Scott Maesel

SVN | Chicago Commercial

Property Details

Property Type Office - General Office
Property Size 550,000 SF
Additional Rent Contact for pricing
Building Class C
Date Updated Nov 26, 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

Sale OM (PDF) opens in new window

Getting around

72/100
Walk Score ®
71/100
Transit Score ®
60/100
Bike Score ®

Powered by Walk Score ®

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

Points of Interest

Kedzie

1.03 miles
Central Park

1.12 miles
Kostner

1.64 miles
Cicero

1.93 miles
Uber Tent

2.14 miles
54th/Cermak

2.72 miles
UIC-Halsted (Morgan Street)

3.01 miles
Ashland

3.10 miles
UIC-Halsted (Peoria Street)

3.12 miles
Morgan

3.19 miles

Citgo

0.26 miles
GoLo

0.55 miles
BP

0.56 miles
Marathon

0.62 miles
Shell

0.81 miles
Falcon

0.87 miles
EVgo

2.18 miles
Electrify America

2.81 miles
Blink ParkChip Garage - 1035 Van Buren

2.95 miles
Volta

3.31 miles

Lot W5

1.57 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
Club/Premium

1.89 miles
G

1.89 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
Courtyard by Marriott Chicago 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 Market

1.44 miles
Workshop Apothecary

1.64 miles
Fairplay Foods

1.72 miles
Supermercado La Chiquita

1.78 miles
Cermak Fresh Market

1.79 miles
Ross

1.82 miles
Little Village Discount Mall

1.84 miles
ALDI

1.88 miles

In-Depth Research Available for this Property

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