For Sale
$1,299,000

34171 Us Highway 45 Third Lake, IL 60030

High-traffic storefront, 7 units, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional 8,787 square foot retail storefront, located at 34171 N US Hwy 45 in Third Lake, Illinois, presents a lucrative investment opportunity. Built in 1987, this attractive, all-brick, well-maintained corner strip center boasts excellent visibility and easy access, situated on a busy state road with a traffic count exceeding 23,000 vehicles per day. The property features seven units within a single, one-story building, encompassing a total lot size of 43,996 square feet. The property is zoned CB and has a Net Operating Income (NOI) of $98,364. Long-term tenants contribute to the property's consistent performance. The property's location in Lake County, Illinois, zip code 60030 (APN 07-19-302-012), offers significant advantages for both investors and business owners. This is a rare opportunity to acquire a well-established retail center in a high-traffic area with a proven track record of success. The property's strong cash flow and prime location make it an ideal addition to any investment portfolio.

Highlights

  • $1,299,000 asking price.
  • 8,787 square foot retail storefront.
  • $98,364 Net Operating Income (NOI).
  • Seven (7) units in a single, one-story building.
  • Built in 1987 on a 43,996 square foot lot.
  • Located at 34171 N US Hwy 45, Third Lake, IL 60030, with CB zoning.

Property Details for 34171 Us Highway 45

Property type
Retail properties, Retail space
Square Feet
8,787 SF
Year Built
1987
Buildings
1
Stories
1
Units
7

Location Insight

City
Third Lake
County
Lake
State
Illinois
Latitude
42.3594644
Longitude
-88.0007189

FAQs

What type of property is this?
Retail property - High-traffic storefront, 7 units, strong NOI.
Where is the retail property located?
The property is located at 34171 Us Highway 45 Third Lake, IL.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: $1,299,000 asking price.; 8,787 square foot retail storefront.; $98,364 Net Operating Income (NOI).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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34171 Us Highway 45
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