Parking Near Lake Point Tower, The Loop
Where Can I Park at Lake Point Tower?
Lake Point Tower has an on-site garage at 505 North Lake Shore Drive with hourly and monthly valet parking for residents and guests. Nearby Parksy spaces include options 169 yd away for $28 a day or $28 an hour, plus spaces 202 yd away for $7 a day or $7 a month. The garage also has two EV charging stations.
- Address
- 505 North Lake Shore Drive
- Closest listed space
- Secure Covered Parking at 600 E. Grand Ave, Chicago, 169 yd (2 min walk)
- Nearest station
- Millennium Station, 0.7 mi (15 min walk)
Parking Near The Loop
Lake Point Tower, with private parking spaces bookable nearby on Parksy. Photo: Pexels
On-Site Parking at Lake Point Tower in Streeterville
Lake Point Tower has an on-site parking garage at 505 North Lake Shore Drive in Streeterville. The garage provides hourly and monthly valet parking for LPT residents and their guests, making it the most direct option for people visiting the building rather than nearby attractions. The garage is described as clean, well-lit, and heated (lakepointtower.org).
The garage is a multifunction property with over 400 deeded parking spaces, alongside valet service (lakepointtowergarage.connectresident.com). EV drivers can also find two charging stations at the valet garage at 505 North Lake Shore Drive (plugshare.com). The on-site arrangement is intended for residents and their guests, so visitors heading elsewhere near The Loop may find a nearby Parksy space more suitable.
Parksy Parking Spaces Near Lake Point Tower
Parksy lists three spaces 169 yd from the site. Grand Ave at $28 a day, and another Navy Pier parking garage space at $28 an hour. These options place drivers close to the lakefront and within straightforward reach of the building.
Two further Parksy listings sit 202 yd away: a Prudential Plaza garage space at $7 a day and a covered space in Chicago's Loop area at $7 a month. A space at 500 Lake Shore Drive is 262 yd away and costs $14 a day. The mix gives drivers a choice between garage parking, covered parking, and a space at the building's own street address, with the daily and monthly options better suited to longer stays.
Busy Times and Street Parking Around the Site
Parking demand around Streeterville is shaped by the lakefront setting and the site's position near The Loop. Navy Pier is close enough to feature in the names of two nearby Parksy spaces, while the building's garage serves residents and their guests. Drivers visiting during busy lakefront periods should expect nearby facilities to be more competitive than during quieter parts of the day.
Lake Point Tower's own garage uses valet parking for residents and guests, with hourly and monthly arrangements rather than a publicly posted visitor tariff (lakepointtower.org). The building's garage includes over 400 deeded spaces, but those spaces are part of a condominium garage property (lakepointtowergarage.connectresident.com). For surrounding public streets, parking availability and restrictions are controlled by Chicago signs and curb regulations, so a legal street space depends on the posted conditions at the exact block.
Walking From Millennium Station to Lake Point Tower
Millennium Station is the nearest station to Lake Point Tower, 0.7 mi away and about a 15 min walk. The station provides a rail-based alternative for visitors who would rather avoid driving into Streeterville near The Loop.
The site is 1.1 mi from the center of The Loop, so rail and walking can be useful when nearby parking is busy. From Millennium Station, allow the stated 15 min walk to reach the building at 505 North Lake Shore Drive. The station is the closest named rail access point for the site, while Parksy spaces nearby can suit drivers who need to leave a vehicle closer to the lakefront.
Sources
* Please note: parking prices, time limits and fine amounts change frequently and vary by operator, council and local authority. Everything on this page is indicative and provided on a best-endeavours basis. Always check the sign, the operator or the issuing authority before you rely on a figure.
Frequently Asked Questions
Where Can I Park at Lake Point Tower?
Lake Point Tower has an on-site garage at 505 North Lake Shore Drive with hourly and monthly valet parking for residents and guests. Nearby Parksy spaces include options 169 yd away for $28 a day or $28 an hour, plus spaces 202 yd away for $7 a day or $7 a month. The garage also has two EV charging stations.
Does Lake Point Tower Have On-Site Parking?
Yes. The on-site parking garage at 505 North Lake Shore Drive provides hourly and monthly valet parking for residents and their guests. It is described as clean, well-lit, and heated, and the multifunction property has over 400 deeded parking spaces alongside valet service.
How Much Does Nearby Parking Cost?
Nearby Parksy spaces include a covered space at 600 E. Grand Ave for $28 a day and Navy Pier garage options for $28 an hour, all 169 yd away. At 202 yd, a Prudential Plaza garage space costs $7 a day and a covered Loop space costs $7 a month.
Is There EV Charging at the Parking Garage?
EV drivers can find two charging stations at the valet garage at 505 North Lake Shore Drive. The garage provides hourly and monthly valet parking for residents and guests, and is described as clean, well-lit, and heated.
Can I Park on the Street Nearby?
Street parking availability and restrictions around the site are controlled by Chicago signs and curb regulations. A legal street space depends on the posted conditions at the exact block. Drivers visiting during busy lakefront periods should expect nearby facilities to be more competitive than during quieter parts of the day.
How Far Is Millennium Station?
Millennium Station is 0.7 mi from Lake Point Tower and about a 15 min walk, making rail and walking an alternative to driving into Streeterville near The Loop. The site is 1.1 mi from the center of The Loop, and the station is the closest named rail access point.
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