4301 S King Drive
Chicago, IL, 60653 $ 1,300,000
Baths0.0 Sq 12,580 Monthly Estimate*
$ 9,081
Studio
for $1,300,000. This 12,580 square foot building was built in 1930 on a lot size of 0.25023.
Introducing the Iconic Theodore "T.K." Lawless Building - A Bronzeville Historic Canvas for Creative Visionaries. A testament to the pioneering spirit of Dr. Theodore "T.K." Lawless, the T.K. Lawless Building at 4301 -4309 S. King Drive stands as a living tribute to a trailblazing dermatologist whose contributions to medicine continue to resonate. The north side of the building proudly showcases a stunning mural of the legendary Nat King Cole, a nod to the rich cultural tapestry of Bronzeville. Dr. Lawless's legacy is etched in the annals of Chicago's medical history. His clinics, housed in the T.K. Lawless Professional Building, drew patients from across the nation, establishing him as a luminary in dermatology. This remarkable site spans 10,900 SF (0.25 acres) and boasts 109 feet of frontage along East 43rd Street and 100 feet along S. King Drive, ensuring optimal accessibility and visibility. With an average daily vehicle count of 11,700 along S. King Drive, this location is primed for success. The vintage two-story commercial office building, with a gross building area of 12,580 SF, provides an expansive canvas for redevelopment. The first floor, spanning 6,290 SF, features conference rooms and administrative offices, while the second floor mirrors this layout, augmented by additional offices, conference rooms, restrooms, and a training room. Although the property currently functions as administrative offices, the dated condition offers a blank slate for a visionary developer. Zoned B3-3, Community Shopping District, by the City of Chicago, the T.K. Lawless Building presents a rare opportunity for a visionary developer. The building, constructed between the 1930s and 1940s, exudes historic charm with its concrete block structure, masonry exterior walls, and flat composite roof. Though currently in dated condition, this canvas holds immense potential for a creative revival. Its rich history combined with the burgeoning arts scene in Bronzeville make it an ideal canvas for conversion into artist lofts or a creative hub, breathing new life into this venerable space. Beyond its rich history, this property offers strategic access to area expressways. The Dan Ryan Expressway (I-94) lies a mere 1.20 miles to the west, while Lake Shore Drive is conveniently located just 0.50 miles to the east. Moreover, the property is a mere 5 miles south of the bustling Chicago Downtown Central Business District. Embark on a transformative journey with the T.K. Lawless Building, where history meets opportunity. This is your chance to breathe new life into a cornerstone of Bronzeville's legacy.
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FeaturesGeneralCooling Central Air
Zoning COMMR
Construction Materials Brick Concrete
Year Built 1930
Electric Service - 101 to 200 Amps
Stories 2
Tax Year 2021
Current Use Commercial
Gross Income 0
County Cook
Net Operating Income 0
Operating Expense 0
Property Type Commercial Sale Office/Tech
Possible Use Commercial Office and Research Multi-Family Retail
Status Active
Directions At the southeast corner of S. King Drive and East 43rd Street
City Chicago
Total Units 2
MLS Area CHI - Grand Boulevard
Lot Size Square Feet 10900
Street Name King
Additional Parcels Y/N N
Leasable Area 12580
Days on Market 7
Lease Type N/A
Standard Status Active
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InteriorFlooring Carpet Concrete Tile
Street Suffix Drive
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ExteriorFoundation Details Concrete Perimeter
Building Area Total 12580
Lot Dimensions 109 X 100
Frontage Type City Street
Exterior Brick
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* Excluded FeaturesList ByMohall Commerical & Urban DevelopmentBroker
moses@mohallcommercialud.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $9,081
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Chicago, IL
Average List Price $836,400
Percent of Sale Price 36%
About Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
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1/29/2024 | $1,300,000 | | Listed Price |