

100% Leased, Multi-Tenant Retail Investment
Highly-Visible Northwest Chicago Location
Marketing description
Offer Deadline: June 25
On-Site Inspections: By Appointment Only
This well-positioned, 7,200± SF retail building sits on 0.93± AC and features three-units, presenting an attractive opportunity for both investors and users. Constructed in 2006, the well maintained property features modern construction, a functional layout and ample on-site parking.
The building is currently 100% leased to a complementary mix of service-oriented tenants, including Athletico, Lucky Penny’s Gaming and Bar and No. 36 Fitness, providing steady foot traffic and diversified income potential.
Strategically located along U.S. Route 45 in Third Lake, Illinois, the property benefits from strong visibility, a VPD count of 21,000+ and convenient access, making it ideally suited for neighborhood retail and service users.
Third Lake, Illinois, is a quiet residential community with its main commercial business along U.S. Route 45. Situated between two larger Chicago suburbs, Gurnee and Grayslake, the five-mile population is 130,847, providing a consistent local customer base.
Located within Third Lake’s business center, Waterstone Place, the site is immediately surrounded by a strong mix of national and local retailers, including Starbucks, Dunkin’, Lou Malnati’s Pizzeria and CVS. With nearly 200 feet along U.S. Route 45, this site further benefits with from excellent visibility and accessibility with traffic counts nearing 21,000 vehicles per day.
Investment highlights
Fully leased, three-unit retail building providing immediate & stable in-place cash flow with no vacancy risk
High-visibility location on Route U.S. 45 with strong daily traffic counts, supporting tenant exposure & long-term viability
Efficient multi-tenant layout offering diversification of income while maintaining low management complexity
Low-maintenance, standalone asset ideal for passive investors seeking steady income with limited operational oversight
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