Listing provided courtesy of Ellsbury Group LLCMREDas Distributed by MLSGrid- MLS# 12660721MLS Provider

505 N lake shore Drive #102Chicago, IL 60611

Commercial
$7,300 Active

505 N lake shore Drive #102 Overview

Time on Site:
33 days
Visits:
1

Amazing first-floor commercial retail space in one of the most iconic buildings in Chicago! This Lake Point Tower condo is located in a prime, high-traffic area directly adjacent to Navy Pier - one of the city's top visitor destinations, drawing millions of guests each year. Lake Point Tower is the city's only skyscraper east of Lake Shore Drive, a striking architectural landmark in the heart of the Streeterville neighborhood that gives any business an instantly recognizable address. This space offers a rare opportunity to capture both a substantial built-in residential customer base and the steady stream of tourists, professionals, and lakefront visitors that define this corner of downtown. The tower's podium was designed to accommodate roughly 700 cars and ground-floor retail, placing your business at the center of constant daily foot and vehicle traffic. Well suited for retail, cafe or quick-service food, personal services (salon, spa, fitness studio), boutique, professional or medical office, or a service business looking to tap into both the residential tower and the heavy tourist traffic next door. This is a true downtown Chicago landmark location - bring your business to one of the most visible and well-traveled corners in the city.

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505 N lake shore Drive #102 Facts & Features

  • Type Commercial

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Existing Lease Type: Gross
  • Fuel Expense: 0
  • Insurance Expense: 0
  • Trash Expense: 0
  • Water Sewer Expense: 0

Building Information

  • Year Built: 1968

Business Information

  • Current Use: Commercial

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Near North Side
  • Township: Lake

Rent/Lease Information

  • Tenant Pays: Electricity, Janitorial Service, Repairs

Tax Information

  • Tax Annual Amount: $31,847.90
  • Tax Year: 2024

General Information

  • Property Sub Type: Condominium
  • Property Type: Commercial Lease
  • Zoning: COMMR

Interior

General Information

  • Cooling: Central Air
  • Electric: Service - 101 to 200 Amps, Power - 120V
  • Flooring: Carpet, Marble
  • Foundation Details: Block
  • Leasable Area: 2190
  • Stories: 70

Unit Information

  • Unit SqFt.: 2190
  • Unit Number: 102

Exterior

Lot Information

  • Frontage Type: City Street
  • Lot Size Dimensions: 2200
  • Lot Size Square Feet: 2200

Building Exterior/Construction

  • Construction Materials: Concrete, Glass
  • Roof: Rubber

General Information

  • Number Of Units Total: 1

505 N lake shore Drive #102 Neighborhood

Community

60611 (Chicago) Demographics

38
Median Age
24,146
Population Density (per sq. mile)
89%
College Educated
$108,413
Estimated Median Income
9,873
Estimated Total Home Owners
11,841
Estimated Total Renters
45% / 55%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

505 N lake shore Drive #102 Market Data

Based on the last 30 days in this zip code

$1,087,682
Average List Price
$635
Average Price per Square Foot
107
Properties Sold
90
Average Days on Market
560
Properties for Sale
Calculations provided by Reliance Network

505 N lake shore Drive #102 History

Date Event Value Agent
6/2/2026Source: MRED Status Change
Active
5/28/2026Source: MRED Added to Database
May 28, 2026
6/20/2022Source: MRED Added to Database
January 27, 2022