$103.34 Per Sq Foot $6,979 est/mo Sourced by Back At You

4301 S King Drive,Chicago, IL 60653

Chicago IL, 60653

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Description

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.

Details

MLS#11969286
Listing TypeFor Sale
StyleRetail
Sub-TypeResale
StatusActive
Year1930
Days On Site111
Listing Provided ByMoHall Commerical & Urban Development | Moses Hall

Features

SQ Feet12,580
Story(s)2
Units2
ZoningCOMMR

Market Activity 60653

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Listings Checked: 13 minutes ago
StateIL
CountyCook
CityChicago
Zip Code60653
AreaCHI - Grand Boulevard
Listing VS Median (in 60653)
Price:
$1,300,000
low | high
Med:
$357,500
100% of Average
SqFt:
12,580
low | high
Med:
1,850
100% of Average
$ / SqFt:
$103
low | high
Med:
$193
37% of Average
On Site:
111
low | high
Med:
113.500000
97.797356828194% of Average
Sourced by Back At You
Listing Updated: May 1, 2024 at 6:41:20 PM PDT