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225 E State Rd
Island Lake, IL 60042
Retail Property For Sale

Property Facts

Property Type
Retail
Property Subtype
Freestanding
Building Size
9,000 SF
Building Class
C
Year Built
1981
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
0.76 AC
Zoning
GB, General Business
Parking
10 Spaces (2.53 Spaces per 1,000 SF Leased)

Amenities

  • Signage

About 225 E STATE RD , ISLAND LAKE, IL 60042

Owner Financing - 7500 SF Retail 1500 SF Warehouse Owner Financing Available. 7,500 SF Retail property for sale in the heart of downtown Island Lake composed of a 1,000 sf Mexican Restaurant, 1,500 sf vacant very well finished rear office space, 5,000 sf vacant retail space and a separate 1,500 sf wood beamed warehouse with fenced-in outdoor storage. Completely renovated property with over $250K of improvements including a new roof, HVAC, hot water tanks, electrical, added finished basement with two sump pumps, updated electrical and building security system. City support for a liquor license for a restaurant or a profitable Gaming business this property and market would be ideal for a tenant or an owner-user. Shares parking lot with the primary grocery store in town Island Foods also recently renovated. Central Island Lake, IL

Property Taxes

Property Taxes

Parcel Number
09-21-300-015
Land Assessment
$42,888
Improvements Assessment
$75,053
Total Assessment
$117,941
  • Listing ID: 3656021

  • Date on Market: 9/23/2016

  • Last Updated:

  • Address: 225 E State Rd, Island Lake, IL 60042

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