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310 E State Road Island Lake, IL $ 750,000
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$ 750,000 Get more info
310 E State Road
$ 750,000
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310 E State Road

Island Lake, IL, 60042
$ 750,000
Bedrooms-- Baths-- Sq 4,943
310 E State Road, Island Lake, IL 60042 - Image 1
310 E State Road, Island Lake, IL 60042 - Image 2
310 E State Road, Island Lake, IL 60042 - Image 3
310 E State Road, Island Lake, IL 60042 - Image 4

Property for Rent in Island Lake, IL

for $750,000. This 4,943 square foot property was built in 1964 on a lot size of 0.629982.

Presenting the opportunity to acquire a STNL investment positioned in a strong, transit-oriented location in the Chicago suburb of Island Lake. Island Lake Cafe at 310 E State Road contains 4,943 square-feet and is situated on approximately 0.63 acres. Directly on Route 176 between US Route 12 and the Fox River, the property benefits greatly from its position at a signalized intersection along the main business corridor which features national retailers and outdoor-related businesses. The building has been well-maintained and offers its visitors 29 total parking spots in an accessible lot with three points of ingress/egress. Island Lake Cafe has been in operation for 30 years and currently has four years left on their lease. This asset is being offered with tremendous cash flow and continued growth.

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Rental Active

Price

$ 750,000

Taxes

$ 15,513

Style

Lot Size

0.629982

Year Built

1964

Town/City

Island Lake

County/Region

Lake

MLS | Web ID

12302454
Features
General
Cooling Central Air
Zoning COMMR
Year Built 1964
Electric Circuit Breakers
Tenant Pays Taxes Repairs
Stories Count 1
Township Wauconda
Property Subtype Restaurant
Tax Year 2023
County Lake
Net Operating Income 69000
Property Type Commercial Sale Retail/Stores
Status Active
Directions Take E State Rd west from Rt 12 to property
City Island Lake
Number Of Units Total 1
MLS Area Island Lake
Lot Size Square Feet 27442
Tax Annual Amount 15513.36
Additional Parcels Y/N Y
Leasable Area 4943
Lease Type Net
Standard Status Active
Cap Rate 9.2
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Exterior
Building Area Total 4943
Lot Dimensions .63
Frontage Type State Road
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* Excluded Features
List By
Brookline Real Estate Llc

Broker

dc@brooklinellc.com

Email

Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/3/2025$750,000 Listed Price

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310 E State Road, Island Lake, IL, 60042 is a Property for Rent at $750,000 with 4,943 sqft and a lot size of 0.629982. 310 E State Road was built in 1964. The property's zip code is 60042 which is in Island Lake, IL

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