Billionaire Ken Griffin is considering a purchase of a city-owned property. The building is a white wood-frame structure and is the only missing piece of a full city block that Griffin's company is interested in. The property is located across from the future headquarters of Citadel, the hedge fund founded by Griffin.

A potential deal for the property is valued at $3 million. Further details about the potential sale are expected to be discussed by city commissioners next week, according to reports.