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    34500 Us-45 Third Lake, IL 60030

    For Lease
    $16 SF/Yr

    Lake County retail center; two spaces available.

    Lot size:
    30,040 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Waterstone Place, a thriving retail center in Lake County, offers two exceptional lease opportunities. The property boasts a total of 30,040 square feet, encompassing fourteen suites within a multiple-tenancy building. Two spaces are currently available: Unit F, a 1,316 square foot open space with one restroom, previously used as an office; and Unit G, a 1,200 square foot raw space. Units F and G can be combined to create a contiguous 2,516 square foot space. The minimum divisible space is 1,169 square feet. The property features a strong tenant mix, including established businesses such as Farmers Insurance, Lou Malnati's Pizzeria, Subway, Dunkin', and Home of the Sparrow, creating a vibrant and high-traffic environment. Ample parking is provided with 132 spaces. The center benefits from high visibility due to prominent monument signage on Route 45. The property is zoned CB - Community Business and is conveniently located just north of Lake County College, ensuring excellent accessibility and exposure. Property taxes are $2.21 per square foot. The building is served by 200 Amp/3-phase power. The cross street is W Washington Street.

    Property Features for 34500 Us-45

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    30,040 SF
    Total Rate
    40053.33

    Unit(s) available at that property

    Space
    Space F
    Size
    1,200 SF
    Rate per SF
    $16
    Space
    Space G
    Size
    1,316 SF
    Rate per SF
    $16

    HighLights

    • Excellent neighborhood shopping center in Lake County.
    • Conveniently located north of Lake County College.
    • Strong tenant mix includes Farmers Insurance, Lou Malnati's, Subway, Dunkin', and Home of the Sparrow.
    • Ample parking with 132 spaces.
    • High‑visibility monument signage on Route 45.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Third Lake
    County
    Lake
    State
    Illinois
    Longitude
    -88.0002999
    Latitude
    42.3645484

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    FAQs

    What type of property is this?
    Retail property - Lake County retail center; two spaces available.
    Where is this retail property located?
    The property is located at 34500 Us-45 Third Lake, IL.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Excellent neighborhood shopping center in Lake County.; Conveniently located north of Lake County College.; Strong tenant mix includes Farmers Insurance, Lou Malnati's, Subway, Dunkin', and Home of the Sparrow.
    Request Owner's contact information
    34500 Us-45 Third Lake, IL 60030
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    34500 Us-45 Third Lake, IL 60030
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