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223 E State Road Island Lake, IL $ 2,499,000
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$ 2,499,000 Get more info
223 E State Road
$ 2,499,000
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223 E State Road

Island Lake, IL, 60042
$ 2,499,000
Baths0.0 Sq 42,000

Monthly Estimate*

$ 16,609

223 E State Road, Island Lake, IL 60042 - Image 1
223 E State Road, Island Lake, IL 60042 - Image 2
223 E State Road, Island Lake, IL 60042 - Image 3
223 E State Road, Island Lake, IL 60042 - Image 4
223 E State Road, Island Lake, IL 60042 - Image 5
Studio

Commercial Property for sale in Island Lake, IL

for $2,499,000. This 42,000 square foot building was built in 1981 on a lot size of 4.43343.

4.41 acre redevelopment, owner/user, or investor opportunity! Three separate freestanding buildings featuring a 25,670 SF established, long-operating grocery store; a freestanding 16,486 SF vacant retail building and a freestanding 1,610 SF vacant bank building with two drive-thru lanes on the east end of the property. Outstanding corner lends itself to a long list of permitted uses with B-1 & B2 zoning! Over 17,300 vehicles per day pass this site! Heavy exposure on main east/west corridor, Route 176 and north/south thoroughfare Rand Road.

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Commercial Active

Price

$ 2,499,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 109,232

Style

Commercial

Lot Size

4.43343

Year Built

1981

Town/City

Island Lake

County/Region

Lake

MLS | Web ID

11745907
Features
General
Cooling Central Air
Possession Closing
Construction Materials Brick
Year Built 1981
Electric Circuit Breakers
Tenant Pays Other
Stories 1
Township Wauconda
Tax Year 2021
Current Use Commercial
County Lake
Net Operating Income 0
Property Type Commercial Sale Retail/Stores
Status Active
Directions West of RT #12 on State Road (#176)
City Island Lake
MLS Area Island Lake
Lot Size Square Feet 193120
Street Name State
Tax Annual Amount 109232
Additional Parcels Y/N Y
Leasable Area 0
Days on Market 362
Lease Type N/A
Standard Status Active
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Exterior
Building Area Total 42000
Lot Dimensions 568 X 340
Frontage Type Public Road Signal Intersection
Exterior Brick
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Interior
Street Suffix Road
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* Excluded Features
List By
Blue Chip Commercial Real Estate

Broker

billimackt@gmail.com

Email

Affordability Calculator

$25,712
Per Month
65%
35%
0%
Monthly Principal & Interest
$16,609
Monthly Property Taxes
$9,103
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW!
Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/27/2023$2,499,000 Listed Price

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223 E State Road, Island Lake, IL, 60042 is a Commercial Property for sale at $2,499,000 with 42,000 sqft and a lot size of 4.43343. 223 E State Road is a studio with 0.0 baths and was built in 1981. The property's zip code is 60042 which is in Island Lake, IL

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