505 N Lake Shore Drive Unit #7000, Chicago, Illinois 60611

$4,700,000
4
BD
5
Full Baths
4,700
SqFt
List Price
$4,700,000
MLS#
MRD10954752
Status
ACTIVE
Type
Condo
Subtype
Attached Single
Bedrooms
4
Bathrooms
5
Living Area
4,700
County
Cook
City
Chicago
Neighborhood
Streeterville
Building
Lake Point Tower
Days On Market
39

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.

Additional Information

School District
299
Subdivision
Lake Point Tower
Corporate Limits
Chicago
Tax Year
2019
Tax Amount
$4,902
Assessment Association Dues
2000
Frequency
Monthly
Year Built
1968
Exterior Building Type
Frame, Other
Exterior Property Features
Outdoor Grill
Lot Dimensions
COMMON
Stories
70
Units
720
Unit Floor Level
70
Waterfront
Yes
Parking
Garage
Number Of Cars
1
Garage Spaces
1
Pets Allowed
Yes
Pet Weight Limit
25
Common Area Amenities
Elevator(s), Exercise Room, Laundry, Elevator(s), Private Indoor Pool, Wheelchair Orientd
Air Conditioning
Other
Heating
Baseboard
Sewer
Other
Interior Property Features
Bar-Wet
Full Baths
5
Master Bath
Full
Kitchen Size
10X10
Kitchen Level
Main Level
Living Room Size
10X10
Living Room Level
Main Level
Family Room Size
10X10
Family Room Level
Main Level
Master Bedroom Size
10X10
Master Bedroom Level
Main Level
Second Bedroom Size
10X10
Second Bedroom Level
Main Level
Third Bedroom Size
10X10
Third Bedroom Level
Main Level
Fourth Bedroom Size
10X10
Fourth Bedroom Level
Main Level
Rooms
Storage 10X10 2nd Level

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Herve F. Barbera.



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