Skip To Content

310 E State Road

Island Lake, IL 60042
  • $750,000
  • STATUS: Active
  • ON SITE: 103 Days
  • MLS #: 12302454
UPDATED: 52 min ago
$750,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1964
County:
Area:

School Ratings & Info

Description

Presenting the opportunity to acquire a STNL investment positioned in a strong, transit-oriented location in the Chicago suburb of Island Lake. Island Lake Cafe at 310 E State Road contains 4,943 square-feet and is situated on approximately 0.63 acres. Directly on Route 176 between US Route 12 and the Fox River, the property benefits greatly from its position at a signalized intersection along the main business corridor which features national retailers and outdoor-related businesses. The building has been well-maintained and offers its visitors 29 total parking spots in an accessible lot with three points of ingress/egress. Island Lake Cafe has been in operation for 30 years and currently has four years left on their lease. This asset is being offered with tremendous cash flow and continued growth.

Monthly Payment Calculator



© 2025 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Leila Keene & Marjorie Allabastro Team | Baird & Warner. Based on information submitted to the MRED as of 2025-06-15T11:01:16.207 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
www.chicagocityliving.com/homes/161030743
Print Image

310 E State Road Island Lake, IL 60042

  • Price: $750,000
  • Status: Active
  • On Site: 103 Days
  • Updated: 52 min ago
  • MLS #: 12302454
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1964
Built
Neighborhood:
Lake
County:
Lake
Area:
Lake
Property Description
Presenting the opportunity to acquire a STNL investment positioned in a strong, transit-oriented location in the Chicago suburb of Island Lake. Island Lake Cafe at 310 E State Road contains 4,943 square-feet and is situated on approximately 0.63 acres. Directly on Route 176 between US Route 12 and the Fox River, the property benefits greatly from its position at a signalized intersection along the main business corridor which features national retailers and outdoor-related businesses. The building has been well-maintained and offers its visitors 29 total parking spots in an accessible lot with three points of ingress/egress. Island Lake Cafe has been in operation for 30 years and currently has four years left on their lease. This asset is being offered with tremendous cash flow and continued growth.
Exterior Features

Frontage Type State Road Outdoor Parking 31-50 Spaces Roof Structure Flat

Interior Features

Cooling Central Air Heat Ventilation Central Bldg Heat Number Of TLDocks 0

Property Features

Additional Parcels YN Yes Building Area Total 4943 Electric Circuit Breakers Fire Protection Fire Extinguisher/sSmoke or Fire Protectors Leasable Area 4943 Location Corner Mls Actual Status Active Net Operating Income 69000 Number Of Tenants 1 Property Offered For Sale Only Property Sub Type Restaurant Tax Annual Amount 15513.36 Tax Year 2023 Tenant Pays TaxesRepairs Township Wauconda Type Retail/Stores Zoning COMMR

Listing information © 2025 Midwest Real Estate Data LLC.
Listing provided courtesy of Brookline Real Estate LLC: 630-590-5910.


© 2025 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Leila Keene & Marjorie Allabastro Team | Baird & Warner. Based on information submitted to the MRED as of 2025-06-15T11:01:16.207 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
https://bt-photos.global.ssl.fastly.net/mred/orig_boomver_1_12302454-1.jpg https://bt-photos.global.ssl.fastly.net/mred/orig_boomver_1_12302454-1.jpg https://bt-photos.global.ssl.fastly.net/mred/orig_boomver_1_12302454-1.jpg
Logo
Leila Keene & Marjorie Allabastro Team | Baird & Warner
2526 N Lincoln Ave
Chicago IL, 60642