


505 N Lake Shore Drive #101Chicago, IL 60611
Commercial505 N Lake Shore Drive #101 Overview
- Time on Site:
- 32 days
- Visits:
- 2
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.
505 N Lake Shore Drive #101 Facts & Features
- Type Commercial
Details
General
Association/HOA
- Association Fee Frequency: Not Applicable
Income/Expenses
- Existing Lease Type: Modified Gross
- Gross Income: 0
- Gross Scheduled Income: 0
- Operating Expense: 0
Building Information
- Year Built: 1969
Business Information
- Current Use: Commercial
Location/Region
- County Or Parish: Cook
- MLS Area Major: CHI - Near North Side
Rent/Lease Information
- Tenant Pays: Common Area Maintenance
Tax Information
- Tax Annual Amount: $63,543.70
- Tax Year: 2025
General Information
- Property Sub Type: Condominium
- Property Type: Commercial Lease
- Zoning: COMMR
Interior
General Information
- Cooling: Central Air
- Electric: Service - 201 to 600 Amps
- Flooring: Carpet
- Leasable Area: 5300
- Stories: 1
Unit Information
- Unit SqFt.: 5300
- Unit Number: 101
Exterior
Lot Information
- Lot Size Dimensions: 112700
- Lot Size Square Feet: 112700
Building Exterior/Construction
- Construction Materials: Steel Siding, Glass
505 N Lake Shore Drive #101 Neighborhood
Community
60611 (CHICAGO) Demographics
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 #101 Market Data
Based on the last 30 days in this zip code
505 N Lake Shore Drive #101 History
| Date | Value | Agent |
|---|---|---|
| 6/2/2026Source: MRED | Active |
|
| 5/28/2026Source: MRED | May 28, 2026 |
|
| 6/20/2022Source: MRED | January 27, 2022 |
|
| 6/20/2022Source: MRED | January 27, 2022 |















































