505 N Lake Shore Drive #7000 Active Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60611
Key Details
Property Type Residential
Sub Type Condo
Listing Status Active
Purchase Type For Sale
Square Footage 4,700 sqft
Price per Sqft $892
Subdivision Lake Point Tower
MLS Listing ID 10954752
Bedrooms 4
Full Baths 5
HOA Fees $2,000/mo
Year Built 1968
Annual Tax Amount $4,902
Tax Year 2019
Property Sub-Type Condo
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.
Location
State IL
County Cook
Area Chi - Near North Side
Interior
Heating Baseboard
Cooling Other
Exterior
Exterior Feature Outdoor Grill
Garage Spaces 1.0
Amenities Available Elevator(s),Exercise Room,Laundry,Elevator(s),Private Indoor Pool,Wheelchair Orientd
View Y/N true
Roof Type Other
Building
Dwelling Type Attached Single
Foundation Other
Sewer Other
Water Lake Michigan
Structure Type Frame,Other
New Construction No
Schools
School District 299
Others
Special Listing Condition None
Pets Allowed Dogs OK