505 North Lake Shore Drive, Unit 102

Chicago, IL 60611

$1,000,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Discover the ideal business space-2200 square feet of prime, street-level real estate nestled between Streeterville and Navy Pier! Suite 102 at Lake Point Tower boasts a distinctive street entrance, complete with a building rotunda and an additional interior entrance for added accessibility. This versatile space is perfect for a range of ventures, from offices and retail stores to restaurants, pet salons, spas, bakeries, cafes, and exciting pop-up concepts-truly a mixed-use gem. With over 700 residents...Discover the ideal business space-2200 square feet of prime, street-level real estate nestled between Streeterville and Navy Pier! Suite 102 at Lake Point Tower boasts a distinctive street entrance, complete with a building rotunda and an additional interior entrance for added accessibility. This versatile space is perfect for a range of ventures, from offices and retail stores to restaurants, pet salons, spas, bakeries, cafes, and exciting pop-up concepts-truly a mixed-use gem. With over 700 residents in Lake Point Tower and a constant flow of both vehicular and foot traffic year-round, the potential for your business to thrive is unparalleled. Don't miss out on this exceptional opportunity. Bring forth your offer and step into a vibrant business future! The building is cross from the Navy Pier, this is a must see!
  1. Listed by James Qiu • Kale Realty

Property Details for 505 North Lake Shore Drive, Unit 102

Area
CHI - Near North Side
Township
Lake
Num Of Parking Spaces
0.0
Zoning
RTAIL

Location

Listing Courtesy of Kale Realty
Add your commute
LISTING UPDATED: 12/03/2023 02:02 AM

Property Details for 505 North Lake Shore Drive, Unit 102

StatusActive
MLS #11835998
Days on Market446
Taxes$31,848 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1968
Lot Size0.05 AC / 2,200 SF
CountyCook County

Location

Listing Courtesy of Kale Realty
Add your commute

Building Information for 505 North Lake Shore Drive, Unit 102

Stories-Residences1Year Built1968Lot Size0.05 AC / 2,200 SF

Payment Calculator

$8,111 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,457

Property Taxes

$2,654

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 505 North Lake Shore Drive, Unit 102

General Information
Location and General Information
  • Frontage Type: City Street
  • Geographic Locale: Downtown Chicago
  • Information: Short Notice OK
Taxes and HOA Information
  • Estimated Tax/Sf: 5.78
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Service - 101 to 200 Amps, Power - 120V
  • Flooring: Carpet, Slate/Marble
  • Heat/Ventilation: Central Heat/Indiv Controls
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 1
Property/Lot Information
  • Tenant Pays: Electricity, Janitorial Service, Repairs
  • Built Before 1978: Yes
  • Approximate Age: 36-50 Years
  • Lot Dimensions: 2200
  • Lot Size Square Feet: 2200.0
  • Stories: 70
  • Exterior Building Type: Glass
  • Construction: Concrete
  • Roof Type: Rubber
  • Fire Protection: Alarm Monitored,Fire Extinguisher/s
  • Roof Structure: Flat
  • Foundation Details: Block
  • Building Area Total: 2200
  • # Of Offices: 1
  • # Of Stores: 1
  • Property Sub Type: Condominium
Property and Assessments
  • Docks: Service Entrance
  • Public Document Count: 0
  • Photos Count: 9
  • Estimated Cam/Sf: 5.6
Miscellaneous
  • Current Use: Commercial
  • Location: Lake Front
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 1
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $7,000.00
  • Gross Scheduled Income: $7,000.00
  • Insurance Expense: $.00
  • Total Monthly Income: 7000
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00

Property History for 505 North Lake Shore Drive, Unit 102

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 505 North Lake Shore Drive, Unit 102

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - 9 to 12
Charter - 10 to 12
Rating
School
Distance
Ogden Elementary School
PublicPK to 8

Wells Community Academy High School
Public9 to 12

Muchin College Prep
Charter9 to 12

YCCS-Innovations of Arts Integr
Charter10 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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505 North Lake Shore Drive, Unit 102 is a mixed use property for sale in Chicago, IL 60611. This property was listed for sale on July 18, 2023 by Kale Realty, it's currently listed at $1,000,000. This listing's school district is City Of Chicago School District 299. Nearby schools include Ogden Elementary School, Wells Community Academy High School and Muchin College Prep. 505 North Lake Shore Drive, Unit 102 is a 0-bed, 0-bath, mixed use property built in 1968.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Kale Realty

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 12/03/2023 02:02 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.