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Lakefront Spa & Wellness Suite
For Lease
$26 SF/Yr

225-3200 N Lake Shore Dr, Chicago, IL 60611

Existing salon improvements include private treatment rooms, laundry, shampoo bowls, and pedicure stations.

Space Size2,000 SF
Days on Market23

Property Features for 225-3200 N Lake Shore Dr

General Information

Standard status Active
Size 2,000 SF
Net Rentable 2,000 SF

Space & Availability

Available Space 2,000 SF
Contiguous Space 2,000 SF
Floor 2
Space Use Office
Condition Second Generation
Private Offices 3
Listing Agency: Compass
Listed By: Myra Nimchaiyong, CCIM, CIPS
Source: Exprealty
Added: Sep 10 Changed: Sep 30 Last Checked: Oct 1 at 12:00PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass

Investment Insights

Based on property information with market context.

This second-floor spa and wellness suite contains approximately 2,000 square feet with a salon-oriented layout and floor-to-ceiling windows overlooking Lake Michigan. The existing configuration includes an open workspace, three shampoo bowls, two pedicure stations, in-unit laundry, and three private treatment rooms or offices.

Located at 3200 N Lake Shore Drive, the suite offers a lakefront setting within a building that provides public garage parking for a fee. The space is configured for salon, spa, wellness, beauty, medical, or other service-oriented use, with private rooms and existing improvements supporting a range of client-facing operations.

Key Highlights

  • Approximately 2, 000 square feet on the second floor
  • Floor‑to‑ceiling windows with Lake Michigan views
  • Three shampoo bowls and two pedicure stations

Property Analytics

Current Use

Spa & wellness properties

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Daycare Center Butcher Auto Parts Store Restaurant Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.90 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

16,625
Businesses Nearby
Balanced
Demand for This Use

Demographics for 60611, IL

38,456
Population
28,239
Households
1.4
Avg Household Size
39
Median Age
88%
College-Educated
99%
High-School Grad
0.8 sq mi
ZIP Area
48,070
Density / Sq Mi
$124,621
Median Household Income
$92,917
Median Earnings
$2,416
Median Rent
$608,200
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$29.31 /SF/Yr
Avg Asking Price
$25–$40.5 /SF/Yr
Price Range
2,268 SF
Avg Space Size

This space is priced 11% below the average of $29.31 /SF/Yr.

Vacancy Rate% for Office in Chicago, IL

17.9% 2019
19.2% 2020
20.7% 2021
23.1% 2022
23.3% 2023
25.1% 2024
25.6% 2025
Rey
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Similar Off Market Nearby

  • Aisha Aesthetics — 401 Michigan Ave Suite 1200, Chicago, IL 60611
  • Michelle Goebel-Angel, L.Ac., MSOM, MBA — 500 N Michigan Ave Ste. 2100, Chicago, IL 60611
  • SKN2SKN Aesthetics — inside Phenix Salon Suites, 520 Michigan Ave Suite 300 (3rd floor, Chicago, IL 60611
  • strivemdwellness — 444 N Michigan Ave #1200, Chicago, IL 60611
  • StrIVeMD Wellness and Ketamine — 444 N Michigan Ave #1200, Chicago, IL 60611

Frequently Asked Questions

What type of property is this?
Spa & wellness property - Existing salon improvements include private treatment rooms, laundry, shampoo bowls, and pedicure stations.
Where is this spa & wellness property located?
The property is located at 225-3200 N Lake Shore Dr Chicago, IL.
What is the lease rate?
The lease rate is $26 SF/Yr.
What are key features of this property?
This property features: Approximately 2, 000 square feet on the second floor; Floor‑to‑ceiling windows with Lake Michigan views; Three shampoo bowls and two pedicure stations
More about this property
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