217 State RdIsland Lake, IL 60042

For Sale
$869,000

Prime IL Auto Shop, High Traffic Location

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 4,708 square foot retail property, located at 217 E State Rd and 217 W State Rd, Island Lake, IL 60042, presents a unique investment opportunity. Built in 2016, this single-story building boasts a desirable B1 Commercial zoning, making it suitable for a variety of uses. Previously occupied by an auto dealership, the property features two large overhead doors ideal for accommodating larger vehicles, extra-high ceilings, sealed five-inch concrete floors, and triple basin drains. Its prime location on busy Route 176 sees over 20,000 cars daily, ensuring high visibility and accessibility. The property's clean and attractive design also lends itself to conversion for other business, office, or retail uses. Abundant parking is available. The current month-to-month tenant may consider a leaseback arrangement. The asking price is $869,000, with owner financing potentially available. The lease expires November 20, 2024. This property offers a compelling blend of functionality, location, and potential, making it an attractive investment prospect.

Highlights

  • 4,708 SF retail building at 217 E/W State Rd, Island Lake, IL 60042.
  • Built in 2016 with B1 zoning.
  • Features two drive-in doors, high ceilings, and sealed concrete floors.
  • High visibility location on Route 176 (20,000+ cars daily).
  • $869,000 asking price; owner financing possible; lease expires November 20, 2024.

Property Details for 217 State Rd

Property type
Other retail properties, Automotive properties
Square Feet
4,708 SF
Year Built
2016
Stories
1

Location Insight

City
Island Lake
County
Lake
State
Illinois
Latitude
42.2708579
Longitude
-88.1954398
217 State Rd, Island Lake, Illinois

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217 State Rd
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