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225 E State Road, Island Lake, IL

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DetailMap
225 E State Road

Island Lake, IL 60042-9509 - Far Northwest Submarket


Property Type:Retail Sub Type:- Status:Existing Year Built:1950
Building Size:9,000 SF Land Area:.76 AC (33,062 SF)
% Leased:
For Sale Price:$649,000 Price/SF:$72.11
Cap Rate:-
Smallest Space:1,500 SF Largest Space:8,000 SF Total Space Avail:8,000 SF Rent/SF/Yr:
$9.00
Parking:10 Surface spaces are available; Ratio of 2.53/1,000 SF


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
1,500 SF
$9.00/SF/Yr
Vacant
3-5 yrs
Industrial
 1st
1,500 SF
$9.00/SF/Yr
Vacant
3-5 yrs
Retail
 1st
5,000 SF
$9.00/SF/Yr
Vacant
3-5 yrs
Retail
 
10342023
10342024
10342026


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
1,500 SF
$9.00/SF/Yr
Vacant
3-5 yrs
Industrial
1st
1,500 SF
$9.00/SF/Yr
Vacant
3-5 yrs
Retail
1st
5,000 SF
$9.00/SF/Yr
Vacant
3-5 yrs
Retail

Sale Notes:
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

Coldwell Banker Commercial NRT
Randolph J Taylor
(630) 344-9355


Coldwell Banker Commercial NRT
Randolph J Taylor
(630) 344-9355



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