Third Lake is a quiet residential community with commercial businesses along the Route 45 corridor. Sunshine Subdivision was platted in the late 1920’s. The Village was incorporated in 1959 and is governed by a mayor and six trustees who are elected at large by the citizens of Third Lake. Mariner’s Cove Subdivision was developed in the 1980’s. Third Lake has two lakes, Druce Lake and Third Lake. Both lakes are used for fishing, boating, swimming and skating. The Village is Non-Home Rule and according to the 2020 census, the population of Third Lake is 1,111.
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