Water Tower Place Parking Tips, 2022 Rates, & Alternative Lots in Chicago

Water Tower Place parking

Water Tower Place, a popular urban destination in Chicago, IL, offers a shopping mall, theater, and hotel for locals and visitors looking to unwind. The mixed-use development offers an on-site parking lot, but rates can be hard on most people’s wallets. Read our guide to learn about affordable parking spots in the area, updated rates, alternative lots using SpotHero, and transportation tips.

The establishment is located at the following address: 835 Michigan Ave, Chicago, IL 60611, United States

Parking at Water Tower Place

Parking at Water Tower Place

The establishment offers an on-site underground parking garage accessible from 175 East Chestnut Street. The Water Tower Place garage is open all day and offers electric vehicle charging. While convenient, the drive-up rates can be pricy. We listed the prices for Water Tower Place parking below.

Duration Price
1 hour $25
2 hours $30
3 hours $35
10 hours $40
24 hours $53

Visitors can get 5-hour parking for $12 with the establishment’s Evening Special. To receive this discount, arrive after 5 PM, make at least $10 in purchases, and pick up a validated ticket from the mall concierge desk.

Alternative Parking Near Water Tower Place

Fortunately, visitors will find more affordable parking options within the Magnificent Mile section of Michigan Avenue. We listed the closest and most affordable options below. The rates listed are for a three-hour stay.

Facility Address Rate Distance
John Hancock Center Garage 875 N Michigan Ave. $23 0.1 mi
Olympia Centre Garage 161 E Chicago Ave. $22 0.2 mi
Mag Mile Self Park Garage (Pearson St Entrance) 111 E Chestnut St. $16 0.3 mi
The Chicagoan Garage 750 N Rush St. $18.25 0.2 mi
Chicago Place Condos Garage 875 N Michigan Ave. $23 0.1 mi
The Bernardin Garage 747 N Wabash Ave $19 0.2 mi

Different parking platforms and times of day may have different prices. With applications such as SpotHero, some of the facilities listed above may offer free parking extensions.

Street Parking Information

Street parking at Water Tower Place

Metered parking is available along E Chicago Avenue, E Chestnut Street, E Pearson Street, and E Walton St. Metered parking is enforced Monday to Sunday, 8 AM to midnight. The cost is $4.75 an hour with a maximum stay of 2 hours.

Spaces are limited, so come early if you plan to snag a spot on the street. Check out the ParkChicago website for more information about rates and parking availability.

Alternative Transporation Options

CTA (Chicago Transit Authority) bus lines 146, 147, and 148 stop by the Michigan & Superior bus station, just a minute’s walk from the establishment. The regular fare is $2.25.

Alternatively, you can ride the Chicago ‘L’ Red Line to the Chicago-Red station, just a 10-minute walk from the establishment. The basic subway fare is $2.50.

Find the Perfect Parking Spot in Chicago

Our in-depth parking guides can help Chicago residents and visitors find and reserve parking at all the city’s attractions, including:

Additionally, get more information about parking at and near airports, including on-site and off-site parking.


Don't miss a single parking deal

Stay one step ahead with our parking deals, tips and news sent straight to your inbox.

Invalid email address
You can unsubscribe at any time.