Listing provided courtesy of Ellsbury Group LLCMREDas Distributed by MLSGrid- MLS# 12657505MLS Provider

505 N Lake Shore Drive #101Chicago, IL 60611

Commercial
$17,667 Active

505 N Lake Shore Drive #101 Overview

Time on Site:
33 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.

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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

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 #101 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 #101 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
6/20/2022Source: MRED Added to Database
January 27, 2022