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Listed price in listed location currency (USD).
$850,000

9615

MLS® 12756065

Overview

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage Yes
Taxes $9,760
Days Active 11
Lot Size 
Approx. Age 1945
MLS® Number 12756065

Property Address: 106 W State Rd, Island Lake, IL, 60042-9708

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number12756065
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1945
BasementFinished, Walk-Out Access
DrivewayGarage Door Opener, Garage, Yes, Garage Owned, Attached, Unassigned, Guest, Parking Lot, Owned
Garage Spaces
HeatNatural Gas
A/C

Extras

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