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505 N Lake Shore Drive Chicago, IL 60611

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Turnkey restaurant/bar with panoramic views in iconic Lake Point Tower.

Type:Hospitality
Property size:
5,000 SF
Added:
Jan 27, 2026
Days on Market:
64
Last Refresh:
Mar 25 at 9:14 pm

Property Features for 505 N Lake Shore Drive

General Information

Standard status
Active
Size
5,000 SF
Property subtype
Hospitality

Building Details

Year Built
1968

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Listing Contact
Chet Evans
Chet Evans

Listing agent Chet Evans

Listing office Hilco Real Estate - Corporate

Listing date Jan 27, 2026

Source Hilcorealestatesales

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 Hilco Real Estate - Corporate


Overview

Lake Point Tower Restaurant Opportunity

This sale presents an opportunity to establish a restaurant or bar in Chicago’s Lake Point Tower, the only high-rise building located east of Lake Shore Drive. Currently operating as Cité, a 142-seat restaurant, the 5,000 square foot dining space is located on the 70th floor and features floor-to-ceiling windows with 360-degree panoramic views of Chicago’s skyline and Lake Michigan. The restaurant includes a full commercial-grade kitchen and is supported by four suites located on the building’s second floor. These spaces include private offices, kitchen prep areas, a laundry room, walk-in freezers and coolers, and various storage areas, totaling 2,650 square feet. Exclusive access is provided via a private elevator from the 68th floor. An FF&E inventory list is available. This is a turnkey opportunity for both restaurant operators and investors.
Location Intelligence

Current Use by Public Records

Total Shade Inc. Industrial Manufacturer Wakensys Corporation (Bike/Boat/Book/etc) Store Lake Point Tower ... Dental Office Ribbeck Law Chartered Law Firm Chip Law Group Law Firm

Suggested Use

Restaurant Real Estate Agency Law Firm Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

  • One Eleven Events 111 N State St #7, Chicago, IL 60602
  • Chef N Vibe 225 N Columbus Dr, Chicago, IL 60601
  • Just Like Home Catering 111 N Wabash Ave, Chicago, IL 60602
  • Sis Mae's Goodies 67 E Madison St #1603a, Chicago, IL 60603
  • Exquisite Soulz LLC 111 N Wabash Ave Ste 100 #3187, Chicago, IL 60602

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.6127
Latitude
41.8915

FAQs

What type of property is this?
Restaurant - Turnkey restaurant/bar with panoramic views in iconic Lake Point Tower.
Where is this restaurant located?
The property is located at 505 N Lake Shore Drive Chicago, IL.
What are key features of this property?
This property features: **Unparalleled 360‑degree panoramic views** of Chicago's skyline and Lake Michigan from the 70th floor of Lake Point Tower.; Turnkey restaurant/bar opportunity with a 142‑seat capacity and a fully equipped, commercial‑grade kitchen.; Prime location in Lake Point Tower, the only high‑rise east of Lake Shore Drive, an iconic Chicago building.
More about this property
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