310 E State RD Island Lake, IL 60042

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Park Place Realty Group LLC

info@parkplacerealtyllc.com +1(708) 722-5106

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Key Details

Property Type Commercial

Sub Type Retail/Stores

Listing Status Active

Purchase Type For Sale

Square Footage 4,943 sqft

Price per Sqft $151

MLS Listing ID 12302454

Year Built 1964

Annual Tax Amount $15,513

Tax Year 2023

Lot Dimensions .63

Property Sub-Type Retail/Stores

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.

Location

State IL

County Lake

Area Island Lake

Zoning COMMR

Interior

Cooling Central Air

Fireplace N

Building

Dwelling Type Retail/Stores

Level or Stories 1

Listed by Dominick Cannata • Brookline Real Estate LLC

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106