4301 S King Drive Chicago, IL $ 1,300,000
4301 S King Drive
$ 1,300,000
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4301 S King Drive

Chicago, IL, 60653
$ 1,300,000
Baths0.0 Sq 12,580

Monthly Estimate*

$ 9,081

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Studio

Commercial Property for sale in Chicago, IL

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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Commercial Active

Price

$ 1,300,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Commercial

Lot Size

0.25023

Year Built

1930

Town/City

Chicago

County/Region

Cook

MLS | Web ID

11969278

Features
General
Cooling 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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Interior
Flooring Carpet Concrete Tile
Street Suffix Drive
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 12580
Lot Dimensions 109 X 100
Frontage Type City Street
Exterior Brick
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* Excluded Features
List By
Mohall Commerical & Urban Development

Broker

moses@mohallcommercialud.com

Email

Affordability Calculator

$9,081
Per Month
100%
0%
0%
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.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/29/2024$1,300,000 Listed Price

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4301 S King Drive, Chicago, IL, 60653 is a Commercial Property for sale at $1,300,000 with 12,580 sqft and a lot size of 0.25023. 4301 S King Drive is a studio with 0.0 baths and was built in 1930. The property's zip code is 60653 which is in Chicago, IL