Check Availability
$1,300,000
Commercial - For Sale

4301 S King Drive

Chicago, IL 60653
bedrooms
Studio
bathrooms
0 Bath
square feet
12580 Sqft
$6,384
Estimated Monthly
$0
HOA / Fees

About This Property

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.

The manager has listed the unit size as 12580 square feet.
Unit Size
12,580Ft²
Days on Market
91 days
Land Size
-
Price per sqft
$103
Property Type
Commercial
Property Taxes
-
HOA Dues
-
Year Built
-
Listed By
Moses Hall
MoHall Commerical & Urban Development
Last updated: 3 months ago (MREDIL #11969278)

Price History

Date / Event Date Event Price
Jan 29, 2024 Listed by MoHall Commercial & Urban Development LLC $1,300,000
Listed by MoHall Commercial & Urban Development LLC

Property Highlights

Air Conditioning
Exterior Details

Exterior Information

Brick

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Commercial
Loft
-
12,580 ft²
$103/ft²
$1,300,000 Oct 2, 2023
-
-
Multifamily
9 Beds
-
-
$1,049,900 Jan 3, 2024
-
-

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

4301 South King Drive 4301 South King Drive, Chicago, IL 60653
  • 2 Units for Sale
More about this Building
4301 South King Drive
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About South Side


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