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Investment Highlights

  • Fully leased, three-unit retail building providing immediate & stable in-place cash flow with no vacancy risk
  • Efficient multi-tenant layout offering diversification of income while maintaining low management complexity
  • High-visibility location on Route U.S. 45 with strong daily traffic counts, supporting tenant exposure & long-term viability
  • Low-maintenance, standalone asset ideal for passive investors seeking steady income with limited operational oversight

Executive Summary

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.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
7,200 SF
Building Class
C
Year Built
2006
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
0.93 AC
Zoning
PUD - Commercial Business
Parking
30 Spaces (4.17 Spaces per 1,000 SF Leased)
Frontage
245’ on Highwy 45

Amenities

  • 24 Hour Access
  • Signage
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
  • Listing ID: 40479510

  • Date on Market: 5/11/2026

  • Last Updated:

  • Address: 34572 Route 45, Third Lake, IL 60030

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