For Sale Subject to Offer
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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Attachments

Sale OM (PDF) opens in new window

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.

Contacts

Scott Maesel

SVN | Chicago Commercial

(312) 676-1860

Location

Getting Around

Walk Score ®
76/100 Very Walkable
Transit Score ®
68/100 Good Transit
Bike Score ®
60/100 Bikeable

Map
Street

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

Taco Bell

0.21 miles
Subway

0.22 miles
McDonald's

0.27 miles
Popeyes

0.29 miles
Soule

0.42 miles
Checkers

0.61 miles
Subway

0.88 miles
The SoulFood Lounge

0.93 miles
Jerk Taco Man

0.96 miles
Ja’Grill

0.99 miles

Henry Ford Academy: Power House High

0.05 miles
Sears YMCA Day Care Center

0.17 miles
Joseph Kellman Corporate Community Elementary School

0.37 miles
UCAN

0.45 miles
Gregory Elementary School

0.46 miles
Lawndale Community Academy

0.47 miles
Saint Francis Cabrini Learning Center

0.48 miles
Jensen Scholastic Academy

0.48 miles
Manley High School

0.51 miles
Saint Philip Basilica High School

0.55 miles

New Zion Childcare Academy

1.82 miles
Adams Street Child Care Center

1.82 miles
Taylor Tots

2.43 miles
Peter Cottontail Day Nursery

2.44 miles
North Avenue Day Nursery

3.19 miles
Little Folks Cottage Inc

3.35 miles
ABC Toon Town Day Care

3.58 miles
Sunny Days Kid's Academy

3.66 miles
Brighton Park Early Learning Center

3.75 miles
Morningside Children's Academy

3.77 miles

Frequently Asked Questions

What is the total square footage of Homan Square Portfolio?

Homan Square Portfolio totals 550,000 square feet.

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