223 E State Road, Island Lake, IL 60042
Lake County
Key Facts
Description
4.41 acre redevelopment, owner/user, or investor opportunity! Three separate freestanding buildings featuring a 25,670 SF established, long-operating grocery store; a freestanding 16,486 SF vacant retail building and a freestanding 1,610 SF vacant bank building with two drive-thru lanes on the east end of the property. Outstanding corner lends itself to a long list of permitted uses with B-1 & B2 zoning! Over 17,300 vehicles per day pass this site! Heavy exposure on main east/west corridor, Route 176 and north/south thoroughfare Rand Road.
Property Information
Property Type
Commercial Sale
Sub-Type
Retail
Year Built
1981
Stories
1
Living Area
42,000 sq ft
Lot Size
193,120 sq ft
Lot Dimensions
568 X 340
Days on Market
1186
MLS® Listing#
11745907
Property Features
Cooling
Construction
Financial Details
Annual Taxes
$109,232
Tax year 2021
Parcel Number
09213000100000
Directions
West of RT #12 on State Road (#176)
Affordability Calculator
$499,800
Estimated monthly payment
$13,301/mo
Principal $1,999,200 · Est. interest $2,789,062 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Island Lake, IL
- $365,285
- Median Listing Price
- 35
- Median Days on Market
- 1,858
- Median Sq Ft
- $199
- Median Price / Sq Ft
- 530
- Active Listings
- This home’s price is 584% above the area median.
- Its price per sq ft is 70% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Island Lake, IL.
Location
Points of Interest in Island Lake, IL
Showing the Island Lake area map.
Nearby Schools
Cotton Creek School
Elementary · 0.8 mi away
Matthews Middle School
Elementary · 1.0 mi away
Learning Tree
School · 1.0 mi away
Robert Crown School
Elementary · 2.0 mi away
Wauconda High School
Secondary · 2.4 mi away
Da Vinci Waldorf School
Elementary · 2.5 mi away
Wauconda Middle School
Secondary · 2.6 mi away
Wauconda Grade School
Elementary · 2.6 mi away
Transfiguration Catholic School
School · 2.8 mi away
Wauconda Public Schools
School · 3.2 mi away
Cary Community Consolidated School District 26
Secondary · 3.4 mi away
Prairie Grove Junior High School
Secondary · 3.5 mi away
Deer Path Elementary School
Elementary · 3.6 mi away
Prairie Grove Elementary School
Elementary · 3.6 mi away
Cary Community Consolidated School District
Elementary · 3.9 mi away
Messiah Lutheran Church
School · 3.9 mi away
A Child's Place
School · 4.1 mi away
Cary-Grove High School
Secondary · 4.2 mi away
Holy Cross Lutheran Church
School · 4.2 mi away
Prairie Hill School
Elementary · 4.3 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
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|---|---|---|---|---|
| 23589 N Owl Court, Lake Barrington, IL | $1,750,000 | 4 | 5 | 5,847 |
| 101 E Main Street, Lake Zurich, IL | $1,800,000 | — | — | 5,000 |
| 35220 N Il Route 83, Round Lake Beach, IL | $1,800,000 | — | — | 5,788 |
| 35220 N Il Route 83, Round Lake Beach, IL | $1,800,000 | — | — | 5,788 |
| 406 Monaville Road, Lake Villa, IL | $1,800,000 | — | — | — |
| 1627 Woodbine Drive, Round Lake Beach, IL | $1,850,000 | — | — | — |
Moving Cost Estimate
EXIT Agents in Island Lake
Listing Courtesy: Blue Chip Commercial Real Estate - 8153550196
Last Updated: 2023-03-27