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Listing provided courtesy of CompassMREDas Distributed by MLSGrid- MLS# 12614666MLS Provider

540 N Lake Shore Drive #2Chicago, IL 60611

Commercial
$29 Active

540 N Lake Shore Drive #2 Overview

Time on Site:
81 days
Visits:
1

3,693 Sq. Ft. Updated Commercial Loft with incredible character. Ultra rare loft building by the Lake! Retail/Office Storefront Space features a 12' Timber Ceiling and Brick Walls. Fantastic Lakefront at Ohio Location, easy access, High Traffic Location in Historic Loft Building in Streeterville, steps to the Lakefront, Navy Pier, High End Residential, Multiple Service Businesses and Restaurants. Walkable Location away from Street Noise with Easy Street Parking! Fabulous Opportunity, a street facing storefront with Amazing Visibility. Signage! Ideal for Professional Offices, Retail Store, Coffee Shop/ Eatery, or Art Studio & Gallery. Bring your creative Ideas. Reserved Parking available for rent. CAM is $18.53. Available now, easy to show!

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540 N Lake Shore Drive #2 Facts & Features

  • Type Commercial

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable

Income/Expenses

  • Existing Lease Type: Gross
  • Operating Expense: 0

Building Information

  • Year Built: 1902

Business Information

  • Current Use: Commercial,Office

Location/Region

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

Rent/Lease Information

  • Tenant Pays: All Utilities

Tax Information

  • Tax Annual Amount: $0.00
  • Tax Year: 2025

General Information

  • Property Sub Type: Neighborhood Storefront
  • Property Type: Commercial Lease
  • Zoning: COMMR

Interior

General Information

  • Cooling: Central Air
  • Electric: Circuit Breakers, Separate Meters
  • Flooring: Carpet
  • Leasable Area: 3693
  • Stories: 1

Unit Information

  • Unit SqFt.: 3693
  • Unit Number: 2

Exterior

Lot Information

  • Frontage Type: City Street

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Number Of Units Total: 1

540 N Lake Shore Drive #2 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.

540 N Lake Shore Drive #2 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

540 N Lake Shore Drive #2 History

Date Event Value Agent
6/8/2026Source: MRED Status Change
Active
6/3/2026Source: MRED Status Change
Price Change
5/26/2026Source: MRED Status Change
Active
5/21/2026Source: MRED Price Reduction
$29 -38.3%
5/21/2026Source: MRED Status Change
Price Change
4/14/2026Source: MRED Status Change
Active
4/9/2026Source: MRED Added to Database
April 09, 2026