505 N Lake Shore Drive #101, Chicago, IL 60611 - Photo 1

1/1

$795,000

Sold
Closed
Commercial
5,300 Sq. Ft.

1/1

Property Description

Location! Perfect Street Level 5,300 SF office/retail in Streeterville just steps from Navy Pier! Lake Point Tower is home to over 700 residents with tons of vehicle and foot traffic all year round. Current layout is open concept with meaningful frontage with large windows off Grand St (adjacent to park), 4-5 offices and 2 large conference rooms. The space also features a private entrance off the circle drive of main lobby, 2 ensuite bathrooms, and a small kitchen. Seller is motivated. Monthly CAM charge approximately $2200.

Full Property Details

Full Property Details for 505 N Lake Shore Dr #101

General

Sold For: $795,000
Taxes: $59,575 (2020)
Status: Closed
Type: Commercial
Source: MRED
MLS ID: 10624210
Added to Site: 2, 179 day(s) ago

Interior

Interior Features: Atrium, Common Lunchroom(s), Common Meeting Room(s), Freight Elevator(s), Passenger Elevator(s), Accessible Entrance, Inside Corridor(s), Janitorial Service, Private Restroom(s)
Flooring: Carpet

Additional Information

Security/Safety: Alarm on Site, Fire Extinguisher(s), Smoke or Fire Protectors

Location

Area: CHI - Near North Side
County: Cook
Driving Directions: Grand St. & N Lake Shore Drive
Location Details: Corner, Park Adjacent, Water View, Public Transport Avail, Freestanding/Urban

Heating & Cooling

Cooling Type: Central Air Conditioning
Heating Type: Central Heat/Individual Controls, Forced Air, Hot Water

Structural Information

Construction: Steel Siding
Exterior Const.: Glass
Drive-In Doors: 2
# Loading Docks: 2
Sub-Flooring: Carpet
Stories/Levels: 70
Square Feet: 5,300
Current Bldg. Use: Commercial, Office
Year Built: 1965

Unit Information

Extra Storage Avail: Yes

Lot Features

Lot Size (Sq. Ft.): 112,700
Lot Dimensions: 112700
Frontage: City Street
Zoning: COMMR

Financial Considerations

For Sale/Rent/Lease: For Sale Only
Security Deposit: Alarm On Site, Fire Extinguisher/s, Smoke or Fire Protectors
Assessment Year: 1965
Tax Amount: $59,575
Tax Year: 2020
Tenant Pays: Varies by Tenant

Disclosures and Reports

Documents Avail.: Declarations/Bylaws, Floor Plan
Property ID: 17102140360000

Listed by Kinzie Brokerage LLC
Sold by Century 21 Realty Associates

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Listing agent

— 505 N Lake Shore Dr #101 —

Kinzie Brokerage LLC

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Schools

Schools serving 505 N Lake Shore Dr #101

School District:Chicago Public School District 299

Name	Grades	Distance
Ogden Elementary School 24 West Walton Street, Chicago, IL 60610	K-8	1 mi
Wells Community Academy High School 936 North Ashland Avenue, Chicago, IL 60622	9-11	2.9 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 505 N Lake Shore Dr #101

Date

Details

Price

Change

Source

9/19/2023

Sold

$795,000

—

MLS

9/11/2020

Price Reduced

$795,000

-16.32%

MLS

1/31/2020

Listed

$950,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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505 N Lake Shore Dr, Chicago, IL 60611 - Photo 1

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$890,000

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Condo
Closed

2
Beds
2
Total Baths
2,300
Sq. Ft.

Sold

$825,000

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Condo
Closed

2
Beds
2
Total Baths
1,850
Sq. Ft.

Sold

$795,000

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Condo
Closed

2
Beds
2
Total Baths
1,800
Sq. Ft.

Sold

$750,000

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Condo
Closed

3
Beds
2
Total Baths
1,800
Sq. Ft.

505 N Lake Shore Drive #101, Chicago, IL 60611 (MLS# 10624210) is a Commercial property that was sold at $795,000 on September 19, 2023. Want to learn more about 505 N Lake Shore Drive #101? Do you have questions about finding other Commercial real estate for sale in Near North Side? You can browse all Near North Side real estate or contact a Coldwell Banker agent to request more information.

505 N Lake Shore Dr #101 Chicago, IL 60611