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    OFF-MARKET
    Retail properties & Spaces

    34500 Us-45, Third Lake, IL 60030

    30,040 SF
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Retail properties & Spaces
    Total area 30,040 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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