Price Reduced Listing106 W State Road,Island Lake, IL 60042
Island Lake, IL 60042
Description
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. HIGHLY MOTIVATED SELLER. OFFERS WELCOME.
Details
| MLS # | 12756065 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1945 |
| Days On Site | 58 |
| Listing Provided By | Century 21 Integra | Kelly Vance |
Features
| Bed(s) | 9 |
|---|---|
| Bath(s) | 6 |
| Garage | 1 |
| Basement | Y |
| Acreage | 11863.00 |
Interior
| Rooms Total | 27 |
|---|---|
| Heating | Gas |
Exterior
| Roof | Asphalt |
|---|---|
| Foundation Details | Block, Concrete Perimeter |
| Lot Features | Corner Lot |
| Construction Materials | Brick, Block |
Parking
| Parking Features | Garage Door Opener, Garage, Yes, Garage Owned, Attached, Unassigned, Guest, Parking Lot, Owned |
|---|---|
| Garage Spaces | 1 |
Utilities
| Sewer | Public Sewer |
|---|
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 9760 |
Area Information
| State | IL |
|---|---|
| County | McHenry |
| City | Island Lake |
| Zip Code | 60042 |
| Area | Island Lake |
| Listing VS Median (in 60042) | |
Price: $675,000 low | high Med: $293,000 On site: 58 low | high Med: 29 | |
Market Activity 60042
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Learn More About This Property
| State | IL |
|---|---|
| County | McHenry |
| City | Island Lake |
| Zip Code | 60042 |
| Area | Island Lake |
| Listing VS Median (in 60042) | |
Price: $675,000 low | high Med: $293,000 On site: 58 low | high Med: 29 | |
