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Tandem Heated Garage Parking Space
For Sale
$130,000

505 N Lake Shore Dr #C-40, Chicago, IL 60611

Dedicated indoor parking in Lake Point Tower’s heated garage serves convenient vehicle storage near Chicago’s lakefront.

Property SizeContact for details
Days on Market19

Property Features for 505 N Lake Shore Dr #C-40

General Information

Standard status Active
Total Parking Spaces 2
Property subtype Land

Amenities

heated garage

Building Details

Year Built 1968
Listing Agency: Chicagoland Brokers Inc
Listed By: The Luxe Home Team · License #475182031
Source: Theluxehometeam
Added: Aug 11 Changed: Aug 28 Last Checked: Aug 28 at 10:13AM

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 Chicagoland Brokers Inc

Investment Insights

Based on property information with market context.

This for-sale parking asset is a tandem space on the 2nd floor of the heated garage at Lake Point Tower. The configuration accommodates two vehicles and provides dedicated indoor parking within the building, which was constructed in 1968.

The space is located at 505 N Lake Shore Dr in Chicago’s Streeterville area, near Navy Pier, Ohio Street Beach, the Lakefront Trail, and Lake Michigan. Michigan Avenue, restaurants, shopping, entertainment, and public transportation are also identified in the surrounding context.

Key Highlights

  • Tandem parking space accommodates two vehicles
  • Located on the 2nd floor of Lake Point Tower’s heated garage
  • Dedicated indoor parking at 505 N Lake Shore Dr #C‑40, Chicago, IL 60611

Property Analytics

Current Use

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

Top Pick (Bike/Boat/Book/etc) Store Home Appliance Store Pet Grooming Service Tattoo & Piercing Shop Butcher Tanning Salon

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

Location Intelligence

Trade Area within ½ mile

18,387
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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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Frequently Asked Questions

What type of property is this?
Parking lot & garage - Dedicated indoor parking in Lake Point Tower’s heated garage serves convenient vehicle storage near Chicago’s lakefront.
Where is this parking lot & garage located?
The property is located at 505 N Lake Shore Dr #C-40 Chicago, IL.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: Tandem parking space accommodates two vehicles; Located on the 2nd floor of Lake Point Tower’s heated garage; Dedicated indoor parking at 505 N Lake Shore Dr #C‑40, Chicago, IL 60611
More about this property
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