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T.K. Lawless Historic Building 4301 S King Dr

12,580 SF Office Building Chicago, IL 60653 $1,000,000 ($79/SF)

Investment Highlights

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

Executive Summary

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.

Property Facts

Sale Type
Investment or Owner User
Sale Conditions
Deferred Maintenance
Property Type
Office
Property Subtype
Office/Residential
Building Size
12,580 SF
Building Class
B
Year Built
1930
Price
$1,000,000
Price Per SF
$79
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
6,290 SF
Building FAR
1.16
Land Acres
0.25 AC
Opportunity Zone
Yes
Zoning
B3-3 - In the B3, Community Shopping District there are a myriad of permitted retail and commercial uses.

Amenities

  • Bus Line
  • Day Care
  • Storage Space
  • Central Heating
  • Air Conditioning
Walk Score ®
Very Walkable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 29685932

  • Date on Market: 10/2/2023

  • Last Updated:

  • Address: 4301 S King Dr, Chicago, IL 60653

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