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Spa & Wellness Suite with Lake Views
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3200 N Lake Shore Drive, Chicago, IL 60657

Commercial Lease, Chicago, IL

Space Size2,000 SF
Days on Market3

Property Features for 3200 N Lake Shore Drive

General Information

Property type Commercial Lease
Property subtype Retail
Zoning MULTI
Directions Lake Shore Dr and Belmont Ave
Subdivision CHI - Lake View
Standard status Active

Taxes and HOA fees

Tax Year 2025

Utilities

Cooling system Central Air

Amenities

floor-to-ceiling windows
sweeping views of Lake Michigan
in-unit laundry
abundant natural light
flexible private rooms
lakefront setting
public garage parking

Building Details

Year built 1966
Number of units 278
Flooring type Vinyl, Wood
Listing Agency: Compass
Listed By: Myra Nimchaiyong · License #471018194
Added: Sep 10 Changed: Sep 11 Last Checked: Sep 12 at 5:06PM
MLS# 12756342

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Located at 3200 N Lake Shore Drive, this approximately 2,000-square-foot second-floor suite is configured for salon and wellness uses. Floor-to-ceiling windows bring in abundant natural light and provide views of Lake Michigan. The existing layout includes an open plan, three shampoo bowls, two pedicure stations, in-unit laundry, and three private treatment rooms or offices.

The suite can accommodate salon, spa, beauty, wellness, medical, or other service-oriented operations, with existing improvements that may reduce the need for extensive interior work. Vinyl and wood flooring, central air, and public garage parking in the building add practical functionality. The property was built in 1966 and is zoned MULTI.

Key Highlights

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

Property Analytics

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Current Use

Zhanna Liliav, PharmD Pharmacy Anant Deoras - Chicago ... Real Estate Agency Paintings Artist CRAZY 8 ART Art Gallery ToddJobs Association Or Organization

Suggested Use

Top Pick Law Firm Food Market Auto Repair Shop Grocery & Convenience Store Electrical Service Barber Shop

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

Location Intelligence

Trade Area within ½ mile

5,153
Businesses Nearby
33k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 42% Shops & Services 23% Home Improvements & Furnishings 15% Hotels & Casinos 10%
Jersey Mike's Subs Dining
6,626 visits/mo 0.3 miles
Circle K Shops & Services
5,024 visits/mo 0.3 miles
Taco Bell Dining
4,467 visits/mo 0.4 miles
Best Western Plus Hawthorne Terrace Hotel Hotels & Casinos
3,462 visits/mo 0.4 miles
Sherwin-Williams Paint Store Home Improvements & Furnishings
3,394 visits/mo 0.5 miles

Demographics for 60657, IL

72,316
Population
42,246
Households
1.7
Avg Household Size
32
Median Age
87%
College-Educated
99%
High-School Grad
2.2 sq mi
ZIP Area
32,871
Density / Sq Mi
$109,025
Median Household Income
$77,731
Median Earnings
$1,839
Median Rent
$534,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Chicago, IL

$29.92 /SF/Yr
Avg Asking Price
$25–$40.5 /SF/Yr
Price Range
2,328 SF
Avg Space Size

Vacancy Rate% for Retail in Chicago, IL

9.1% 2019
9.2% 2020
8.8% 2021
8.1% 2022
7% 2023
6.6% 2024
7.4% 2025
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Frequently Asked Questions

What type of property is this?
Spa & wellness property - Second-floor service suite with existing salon improvements and private treatment rooms.
Where is this spa & wellness property located?
The property is located at 3200 N Lake Shore Drive Chicago, IL.
What are key features of this property?
This property features: Approximately 2,000 square feet on the 2nd floor; Floor‑to‑ceiling windows with Lake Michigan views; Salon setup with three shampoo bowls and two pedicure stations
More about this property
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