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505 N Lake Shore Drive , #7000

Chicago, IL 60611
  • $4,700,000
  • STATUS: Active
  • ON SITE: 351 Days
  • MLS #: 10954752
UPDATED: 33 min ago
$4,700,000
  • 4
    BEDS
  • N/A
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 4,700
    SQFT
  • $1,000
    $/SQFT
Neighborhood:
Type:
Condo
Built:
1968
County:

School Ratings & Info

School District:
299

Description

Located on the 70th floor of Lake Point Tower, it is the most sought-after rooftop location in downtown Chicago. With spectacular 360-degree panoramic views of the Chicago's Skyline, Lake Michigan, The Chicago Harbor and Millennium Park.Bring your architect and imagination and make this one of a kind property (zoned for commercial and / or residential usage) to create... * A Grand Residential Penthouse * Executive Offices * Art Gallery / Photographer Studio * Private Museum * Medical Offices This extremely unique space also overlooks Navy Pier and provides a bird's eye view of the Chicago Summer Fireworks Display (May-September) and the Chicago Air and Water Show. The property is the "Crown Jewel" of Lake Point Tower Condominium, with Epic Views from the Chicago Landmark, Designed and built as private club for the residents of the Lake Point Tower, the space was initially intended to support an intimate lounge trade. The Space has been the home of Cite restaurant for decades, a coveted "bucket list" restaurant destination in Chicago. Cite was voted one of Chicago's 10 Best Romantic Places to dine by USA Today and voted - "Best Views in Chicago" - by OpenTable Diners 2019. The current interior (as a restaurant) is timeless. World-class interior designer Norman De Hann fashioned the restaurant using classic glamour interiors with high-end finishes of actual gold leaf throughout the restaurant, rare tiger wood at the bar and full slab marble in the foyer areas augmenting the rich, romantic ambiance and unmatched spectacular views. Lake Point Tower by itself is an architectural masterpiece and is coupled with amazing 360-degree panoramic views... Every seat at Cite Restaurant has a breathtaking view. This has been recognized by the media with a plethora of accolades on numerous occasions throughout the years. 505 North Lake Drive is located next to Navy Pier, prime Chicago location and is the Midwest's most popular leisure destination. In 2016, Navy Pier completed Phase 1 of an impressive re-imagination and redevelopment of this historical landmark in honor of its 100th anniversary. Dubbed the "Centennial Vision", this exciting project enhanced and improved public spaces, expanded year-round programming, and added more exciting entertainment and local restaurant options. Asking price includes 2,400 SF of commercial space that can be used as home office, wine storage, dry storage or just rent out for additional income. The available space and assorted storage are located on the 2nd floor of Lake Point Tower.

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© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or The Dena Furlow Team - Keller Williams Realty. Based on information submitted to the MRED as of 2021-12-03T07:11:30.853 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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505 N Lake Shore Drive , #7000 Chicago, IL 60611

  • Price: $4,700,000
  • Status: Active
  • On Site: 351 Days
  • Updated: 33 min ago
  • MLS #: 10954752
4
Beds
5
Baths
0
½ Baths
N/A
Acres
4,700
SQFT
$1,000
$/SQFT
1968
Built
Neighborhood:
Lake Point Tower
County:
Cook
Area:
Chi - Near North Side
School District:
299
Property Description
Located on the 70th floor of Lake Point Tower, it is the most sought-after rooftop location in downtown Chicago. With spectacular 360-degree panoramic views of the Chicago's Skyline, Lake Michigan, The Chicago Harbor and Millennium Park.Bring your architect and imagination and make this one of a kind property (zoned for commercial and / or residential usage) to create... * A Grand Residential Penthouse * Executive Offices * Art Gallery / Photographer Studio * Private Museum * Medical Offices This extremely unique space also overlooks Navy Pier and provides a bird's eye view of the Chicago Summer Fireworks Display (May-September) and the Chicago Air and Water Show. The property is the "Crown Jewel" of Lake Point Tower Condominium, with Epic Views from the Chicago Landmark, Designed and built as private club for the residents of the Lake Point Tower, the space was initially intended to support an intimate lounge trade. The Space has been the home of Cite restaurant for decades, a coveted "bucket list" restaurant destination in Chicago. Cite was voted one of Chicago's 10 Best Romantic Places to dine by USA Today and voted - "Best Views in Chicago" - by OpenTable Diners 2019. The current interior (as a restaurant) is timeless. World-class interior designer Norman De Hann fashioned the restaurant using classic glamour interiors with high-end finishes of actual gold leaf throughout the restaurant, rare tiger wood at the bar and full slab marble in the foyer areas augmenting the rich, romantic ambiance and unmatched spectacular views. Lake Point Tower by itself is an architectural masterpiece and is coupled with amazing 360-degree panoramic views... Every seat at Cite Restaurant has a breathtaking view. This has been recognized by the media with a plethora of accolades on numerous occasions throughout the years. 505 North Lake Drive is located next to Navy Pier, prime Chicago location and is the Midwest's most popular leisure destination. In 2016, Navy Pier completed Phase 1 of an impressive re-imagination and redevelopment of this historical landmark in honor of its 100th anniversary. Dubbed the "Centennial Vision", this exciting project enhanced and improved public spaces, expanded year-round programming, and added more exciting entertainment and local restaurant options. Asking price includes 2,400 SF of commercial space that can be used as home office, wine storage, dry storage or just rent out for additional income. The available space and assorted storage are located on the 2nd floor of Lake Point Tower.
Exterior Features

Exterior Building Type FrameOther Exterior Features Outdoor Grill Foundation Details Other Garage Onsite Yes Garage Type Attached Is Parking Included In Price No Parking Garage Parking Details Garage Roof Other Stories Total 70 Unit Floor Level 70 Waterfront YN Yes

Interior Features

Approximate Finished Sq Ft 4700 Basement None Basement Bathrooms YN No Basement Details None Bedrooms Below Grade 0 Bedrooms Total 4 Cooling Other Heating Baseboard Interior Features Bar-Wet Room Type Storage Rooms Total 8 Total Sq Ft 4700 Unfinished Sqft 4700 Upper Square Feet 4700

Property Features

Accessibility Features Wheelchair Accessible Age 51-60 Years Assessor Square Footage 0 Association Amenities Elevator(S)Exercise RoomLaundryElevator(S)Private Indoor PoolWheelchair Orientd Association Fee 2000 Association Fee Frequency Monthly Association Fee Includes SecurityDoormanExercise FacilitiesPoolLawn CareSnow Removal Built Before1978 YN Yes Corporate Limits Chicago Disability Access And Or Equipped Yes Electric Service - 400 Amp Or Greater General Information Historical District Master Association Fee Frequency Not Required Max Pet Weight 25 New Construction YN No Ownership Condo Pets Allowed Dogs Ok Pets Allowed YN Yes Rebuilt YN No Sewer Other Special Listing Conditions None Tax Annual Amount 4902.24 Tax Year 2019 Total Numberof Unitsin Building 720 Township North Chicago Type Attached Single Type Attached CondoPenthouse Water Source Lake Michigan

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of Herve F. Barbera.


© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or The Dena Furlow Team - Keller Williams Realty. Based on information submitted to the MRED as of 2021-12-03T07:11:30.853 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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