34500 Us-45, Third Lake, IL 60030
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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