640 E State Road # 640-642 Island Lake, IL ^$ 4,700

640 E State Road # 640-642

^$ 4,700

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Recently Listed

640 E State Road # 640-642

Island Lake, IL, 60042

^$ 4,700

Bedrooms-- Baths-- Sq 3,000

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640 E State Road # 640-642, Island Lake, IL 60042 - Image 8

640 E State Road # 640-642, Island Lake, IL 60042 - Image 9

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640 E State Road # 640-642, Island Lake, IL 60042 - Image 13

Property for Rent in Island Lake, IL

for $4,700. This 3,000 square foot property was built in 1997.

Former Mexican Restaurant 3,000 SF 640-642: Former 3,000 SF Mexican restaurant space available for immediate occupancy. Gross rent is $4,700/mo. ($18.80 psf) based on a minimum three-year lease). Current seating arrangement allows for 60+ dining customers. Space includes a 30+ ft long customer cooler, game room for six slot machines, large food prep area, 16ft long cook line with hood and Ansul system, and a separate room for coolers and a freezer. All of the permanent fixtures will remain. The availability of all other fixtures, furniture and equipment is pending. Tenant will receive a prominent display area on the Route 176 roadside monument sign. Also available at this center is a 5,800 SF banquet center complete with stage, bar, dance floor, large bathrooms and several storage areas. See separate listing for 626-632 E State Rd.

Rental Active

Price

^$ 4,700

Taxes

^$ 0

Style

Year Built

1997

Town/City

Island Lake

County/Region

Lake

MLS | Web ID

12544092

Features

General

Cooling Central Air

Zoning COMMR

Year Built 1997

Electric Service - 0 to 100 Amps

Tenant Pays All Utilities

Stories Count 1

Unit Number 640-642

Property Subtype Restaurant

Tax Year 2024

Assoc Fee Paid Per Not Applicable

County McHenry

Net Operating Income 0

Property Type Commercial Lease Retail/Stores

Status New

Directions 1/2 mile east of Island Lake on Route 176

City Island Lake

MLS Area Island Lake

Tax Annual Amount 0

Leasable Area 3000

Lease Type Gross

Standard Status Active

Total Actual Rent 4700

* Excluded Features

List By

Premier Commercial Realty

Broker

mdeacon15@gmail.com

Nearby

Trends
Schools

About Island Lake, IL

7,905 Population

0% Since 2002

^$71,475 Median Income

39.68 Median Age

34% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/9/2026	$4,700		Listed Price

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640 E State Road # 640-642, Island Lake, IL, 60042 is a Property for Rent at $4,700 with 3,000 sqft. 640 E State Road # 640-642 was built in 1997. The property's zip code is 60042 which is in Island Lake, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% 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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Data is updated as of 1/12/2026.

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640 E State Road # 640-642

Property for Rent in Island Lake, IL

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