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34572 Route 45 Route - Waterstone Place, Third Lake, IL

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34572 Route 45 Route - Waterstone Place

Third Lake, IL 60030 - Far North Submarket

Property Type:Office Sub Type:- Status:Existing Year Built:-
Stories:1 Typical Floor:7,200 SF Building Size:7,200 SF
For Sale Price:$825,000 Price/SF:$114.58
Cap Rate:-
Parking:Free Surface spaces are available; Ratio of 3.88/1,000 SF Amenities:Signage
2,800 SF is available to occupy upon purchase.

Sale Notes:
The subject property is a multi-tenant retail building located at 34572 N Highway 45 in Third Lake, IL, approximately 45 miles north of Chicago. The site features a 7,200 square foot dual-tenant building with 2,800 square feet leased to Athletico (formerly Accelerated Rehabilitation), who recently signed a 5-year extension, moving their expiration out to 2021. The remaining 4,400 square feet of the building is vacant. The property sits on an outlot to Waterstone Place, a 30,085 square foot retail strip center with tenants such as: Subway, Lou Malnati’s Pizzeria, China Chef Restaurant, Nail Pro, Race Pace Cyclery, and Farmers Insurance.

The Property is located on Highway 45, which sees over 20,000 vehicles per day. Neighboring retail tenants include: Dunkin Donuts, CVS, Associated Bank, The Goddard School and more. The site is conveniently located in close proximity to nearby communities Grayslake, Gurnee, Lake Villa and Round Lake with access from Highway 45, minutes away from the Warren High School Almond campus. The site is also located near the College of Lake County, Gurnee Mills shopping mall and Six Flags Great America amusement park.

Quantum Real Estate Advisors, Inc.
Chad M Firsel
(312) 269-0220

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