847-220-1110
34572 Route 45, Third Lake, IL for Sale
Storefront - FOR SALE
1/11
null | Request Cap Rate

34572 Route 45
Third Lake, IL 60030


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

OVERVIEW

This 100% leased multi-tenant retail investment presents a compelling opportunity for passive income in a high-visibility corridor in northwest suburban Chicago. Situated on U.S. Route 45 in Third Lake, Illinois, the 7,200+ square-foot retail center spans a 0.93-acre parcel and provides three tenants with complementary service uses that generate consistent customer traffic. Occupants include Athletico Physical Therapy, Lucky Penny’s Gaming & Bar, and No. 36 Fitness, diversifying income streams while maintaining low operational complexity. The property features modern construction dating to 2006, a strong parking ratio with 30 spaces, and nearly 200 feet of highway frontage. Positioned within an established commercial node surrounded by major brands like Starbucks, Dunkin’, and CVS, the site benefits from excellent demographics and traffic counts nearing 21,000 VPD. This stabilized asset is ideal for investors seeking reliable cash flow and long-term appreciation potential in a dense, well-established suburban market.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Multi-Tenant Retail Building | 100% Leased

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Restaurant, Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.93 AC

LAND SF

40,511 SF

ZONING

PUD

APN/PARCEL ID

07-19-106-034

ASK ABOUT THIS PROPERTY

Michael KneifelHilco GlobalMore Info
847-220-1110

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Michael KneifelHilco GlobalMore Info
847-220-1110

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.