4301 S King Dr - Office/Residential FOR SALE


Chicago, IL 60653- Bronzeville
$1,000,000 USD
312-826-9925
4301 S King Dr, Chicago, IL for Sale
$1,000,000 USD
Office/Residential - FOR SALE
1/48
null | Request Cap Rate

4301 S King Dr
Chicago, IL 60653
Bronzeville


HIGHLIGHTS

  • 5 miles south of the bustling Chicago Downtown Central Business District
  • The Dan Ryan Expressway (I-94) lies a mere 1.20 miles to the west
  • Lake Shore Drive is conveniently located just 0.50 miles to the east.
  • Iconic Theodore "T.K." Lawless Building - A Bronzeville Historic Canvas for Creative Visionaries.

OVERVIEW

Introducing the Historic T.K. Lawless Building at 4301-4309 S. King Drive-A Prime Development Opportunity in Chicago's Vibrant Bronzeville Neighborhood. This iconic two-story commercial office building, named after the pioneering dermatologist Dr. Theodore "T.K." Lawless, serves as a testament to Bronzeville's rich cultural and historical heritage. The property spans 10,900 SF on a strategic corner lot with 109 feet of frontage along East 43rd Street and 100 feet on S. King Drive, ensuring excellent visibility and access in a district known for its deep historical roots and vibrant community life. The building itself encompasses a total gross building area of 12,580 SF. The layout includes spacious administrative offices and conference rooms on both floors, ideal for redevelopment into a variety of uses such as educational facilities, creative lofts, or community centers. Highlighted by a striking mural of Nat King Cole, the building reflects the neighborhood's legacy as a hub for influential African American artists and intellectuals. Strategically located within Bronzeville, the T.K. Lawless Building is poised near major Chicago attractions and essential transportation links. It is just a short 5-mile drive from the Chicago Downtown Central Business District, offering potential for significant commuter and consumer traffic. Proximity to the Dan Ryan Expressway (I-94), only 1.20 miles to the west, and Lake Shore Drive, merely 0.50 miles to the east, provides excellent connectivity to the wider Chicago area. Public transportation is readily accessible, with several Chicago Transit Authority (CTA) bus routes passing directly by the building, enhancing its appeal to both visitors and everyday commuters. The building's location is also within easy reach of renowned Chicago landmarks such as the Museum of Science and Industry, the future Obama Presidential Center, and the bustling corridors of the University of Chicago, all less than 10 minutes away. Zoned B3-3, Community Shopping District, the T.K. Lawless Building presents a rare and valuable opportunity for developers and non-profit organizations to reinvent a significant piece of Chicago's heritage. Whether envisioned as a cultural center, educational institute, or creative workspace, this property offers a unique canvas to create a landmark that honors its historical significance while embracing contemporary needs. Seize the opportunity to transform the T.K. Lawless Building into a modern legacy in the heart of Bronzeville, where history meets boundless potential.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$79 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

T.K. Lawless Historic Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Freestanding, Loft/Creative Space, Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

B3-3

APN/PARCEL ID

20-03-400-074-0000

ASK ABOUT THIS PROPERTY

Moses HallMoHall Commercial & Urban DevelopmentMore Info
312-826-9925

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Moses HallMoHall Commercial & Urban DevelopmentMore Info
312-826-9925

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.