Restaurant Penthouse with Private
For Sale
Contact for pricing
505 N Lake Shore Dr, Chicago, IL 60611
Penthouse-level restaurant space on the 70th floor with a commercial kitchen and private elevator access.
Property Size7,651 SF
Days on Market140
Property Features for 505 N Lake Shore Dr
General Information
Standard status
Active
Size
7,651 SF
Property subtype
Retail
Listing Agency:
Chicago Real Estate Resources Inc
Listed By:
Tuyen Nguyen · License #IL
(773) 879-0713
Source:
Crexi
Added: Apr 21
Changed: Aug 28
Last Checked: Sep 7 at 6:08AM
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 Chicago Real Estate Resources Inc
Investment Insights
Based on property information with market context.
This penthouse-level restaurant space is located on the 70th floor of Lake Point Tower and totals approximately 7,651 square feet. The main venue includes a commercial kitchen, seating for 142 guests, and floor-to-ceiling windows with 360-degree views. Private elevator access supports guest arrival and operations.
An additional approximately 2,650 square feet of private second-floor suites is included, featuring prep kitchens, executive offices, walk-in freezers and coolers, laundry facilities, and extensive storage.
The offering is described as formerly the Cit2 restaurant, and the space is presented as a turnkey layout with both front-of-house and back-of-house components intended to support restaurant and event-style operations.
An additional approximately 2,650 square feet of private second-floor suites is included, featuring prep kitchens, executive offices, walk-in freezers and coolers, laundry facilities, and extensive storage.
The offering is described as formerly the Cit2 restaurant, and the space is presented as a turnkey layout with both front-of-house and back-of-house components intended to support restaurant and event-style operations.
Key Highlights
- Penthouse‑level restaurant/venue on the 70th floor in Lake Point Tower
- About 5,000 SF with seating for 142 guests and floor‑to‑ceiling windows
- 360‑degree views of Lake Michigan, Navy Pier, and the Chicago skyline
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
18,387
Businesses Nearby
36k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 81%
Dining 18%
Shops & Services 2%
Sheraton Grand Chicago Riverwalk
Hotels & Casinos
28,646 visits/mo
0.3 miles
Gyu-Kaku Japanese BBQ
Dining
6,302 visits/mo
0.5 miles
MB Financial Bank
Shops & Services
624 visits/mo
0.4 miles
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
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Penthouse-level restaurant space on the 70th floor with a commercial kitchen and private elevator access.
Where is this conventional restaurant located?
The property is located at 505 N Lake Shore Dr Chicago, IL.
What are key features of this property?
This property features: Penthouse‑level restaurant/venue on the 70th floor in Lake Point Tower; About 5,000 SF with seating for 142 guests and floor‑to‑ceiling windows; 360‑degree views of Lake Michigan, Navy Pier, and the Chicago skyline
