Street-Facing Loft Retail
For Lease
Contact for pricing
540 North Lake Shore Drive, Chicago, IL 60611
Historic loft-style storefront suites feature exposed brick and 12-foot timber ceilings, offered in gross lease terms.
Space Size1,248 SF - 3,693 SF
Property Size20,000 SF
Days on Market122
Property Features for 540 North Lake Shore Drive
General Information
Standard status
Active
Size
1,248 SF - 3,693 SF
Class
B
Property subtype
Retail, Office, Restaurant
Lease Type
Modified Gross
Additional Details
Clear Height
12 ft
Building Details
Building Size
20,000 SF
Year Built
1900
Tenancy
Multiple
Construction
timber loft
Spaces For Lease
at 540 North Lake Shore Drive Contact us- Size
- 3,693 SF
- Type
- Office, Restaurant, Retail
- Lease Type
- Modified Gross
- Availability
- Active
Space 1
- Size
- 1,248 SF
- Type
- Office, Restaurant, Retail
- Lease Type
- Modified Gross
- Availability
- Active
Space 2
Listing Agency:
Compass Chicago
Listed By:
Santiago & Elizabeth Real Estate · License #IL 475153660
Source:
Crexi
Added: Apr 25
Changed: Aug 14
Last Checked: Aug 24 at 10:54AM
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 Chicago
Investment Insights
Based on property information with market context.
Historic loft-style storefront suites are available for lease in an older timber loft building with exposed brick walls and soaring 12-foot timber ceilings. The offering includes two available units, 3,693 SF and 1,248 SF, presented with updated commercial finishes. The storefront configuration is street-facing and designed for storefront presentation.
The property is located lakefront in a high-visibility setting near the Ohio Street beach and the Navy Pier corridor. The remarks indicate the location is positioned to draw from nearby residential towers, Northwestern Hospital, and the Navy Pier tourist district, while remaining at a distance from direct Michigan Avenue street noise.
The space is available immediately and offered as a gross lease with CAM included, with pricing stated as $47/SF in the remarks. Customer parking is described as available through street parking, and reserved parking is available for rent.
The property is located lakefront in a high-visibility setting near the Ohio Street beach and the Navy Pier corridor. The remarks indicate the location is positioned to draw from nearby residential towers, Northwestern Hospital, and the Navy Pier tourist district, while remaining at a distance from direct Michigan Avenue street noise.
The space is available immediately and offered as a gross lease with CAM included, with pricing stated as $47/SF in the remarks. Customer parking is described as available through street parking, and reserved parking is available for rent.
Key Highlights
- Historic loft‑style storefront in a timber loft building with exposed brick walls and 12‑ft timber ceilings
- Street‑facing storefront with signage opportunities and high‑traffic exposure
- Two available commercial loft units: 3,693 SF and 1,248 SF
Property Analytics
Property Profile
Current Use
Lease Details
12 ft
Clear height
Gross
Lease Type
Location Intelligence
Trade Area within ½ mile
18,364
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
$26.81 /SF/Yr
Avg Asking Price
$8–$133 /SF/Yr
Price Range
3,584 SF
Avg Space Size
This space is priced 75% above the average of $26.81 /SF/Yr.
Vacancy Rate% for Office in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Storefront property - Historic loft-style storefront suites feature exposed brick and 12-foot timber ceilings, offered in gross lease terms.
Where is this storefront property located?
The property is located at 540 North Lake Shore Drive Chicago, IL.
What is the lease rate?
The lease rate is $47 SF/Yr.
What are key features of this property?
This property features: Historic loft‑style storefront in a timber loft building with exposed brick walls and 12‑ft timber ceilings; Street‑facing storefront with signage opportunities and high‑traffic exposure; Two available commercial loft units: 3,693 SF and 1,248 SF
