106 State Road, Island Lake, Illinois 60042
$850,000
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For Sale
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| Status: | New |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 9 |
| Baths: | 0 |
| Year Built: | 1945 |
| Property Taxes: | $9,760 |
| Lot Size: | 0,00 |
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.
Property Specifics
| Multi-unit | |
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| 1945 | |
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| No | |
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| 12756065 | |
| 1520477020 |
Room Specifics
Total Bedrooms: 9
Bedrooms Above Ground: 9
Bedrooms Below Ground: 0
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Full Bathrooms: 6
Bathroom Amenities: —
Bathroom in Basement: 0
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Other Specifics
| 1 | |
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| 11863 | |
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| Not in DB | |
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Contact Agent
Contact Agent
Listing Provided By
Century 21 Integra
