NEWLY LISTED
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$850,000 USD
106 W State Road
Island Lake, Illinois 60042
USA
Island Lake, Illinois 60042
USA
9 bedrooms
5 full baths, 1 half bath
Residential For Sale, Other Residential
Sale price per sqm: 0
Tax: 9,760 USD
Remarks:
Stabilized Cash Flow Today, Commercial Upside Tomorrow! Positioned on a prime, high-visibility corner lot at Route 176 and Midway Road (Roberts Road) in Island Lake, this versatile 4-unit property delivers immediate passive income paired with high-exposure commercial flexibility. Currently all units are occupied with active residential leases through 2027 (1 expiring Feb '27; 3 expiring July '27), the asset generates reliable holding income while you finalize your long-term strategy. Includes an attached garage with potential to be leased separately for additional income or storage. Zoned Business and previously operated as a professional office, the building features exceptional daily traffic counts and prime signage opportunities. Perfect for income-property investors seeking stable holding yield, or commercial end-users looking to secure a prominent footprint today with built-in income prior to owner occupancy.
Features:
- Year Built: 1945
- Garage Spaces: 1
Location:
106 W State Road, Island Lake, Illinois 60042, USA
Listed By CENTURY 21 Integra
The Residential For Sale, Other Residential located at 106 W State Road, Island Lake, Illinois 60042, USA is currently for sale. 106 W State Road, Island Lake, Illinois 60042, USA is listed for $850,000 USD. This property has 9 bedrooms, 5 full baths, 1 half bath. If the property located at 106 W State Road, Island Lake, Illinois 60042, USA isn't what you're looking for, search Illinois Real Estate to see other Homes For Sale in Island Lake.
