640 E State Road 640-642, Island Lake, IL 60042
McHenry County
Key Facts
Description
Unit 640-642: Former 3,000 SF Mexican restaurant space available for immediate occupancy. Gross rent is $4,700/mo. ($18.80 psf) based on a minimum three-year lease). Current indoor seating arrangement allows for 60+ dining customers, and the seasonal outdoor patio has 20 more seats. Space includes a 30+ ft long customer cooler, game room for six slot machines, large food prep area, 16ft long cook line with hood and Ansul system, and a separate room for coolers and a freezer. All of the restaurants furniture, fixtures and equipment are scheduled to be available for the next tenant. There is a large electronic message board atop the roadside monument sign that is dedicated primarily for use by the restaurant and the adjoining banquet facility. Also available at this center is a 5,800 SF banquet center complete with stage, bar, dance floor, large bathrooms and several storage areas. See separate listing for 626-632 E State Rd.
Property Information
Property Type
Commercial Lease
Sub-Type
Business
Year Built
1997
Stories
1
Zoning
COMMR
Days on Market
107
MLS® Listing#
12544092
Property Features
Cooling
Directions
1/2 mile east of Island Lake on Route 176
Affordability Calculator
$60,000
Estimated monthly payment
$1,597/mo
Principal $240,000 · Est. interest $334,821 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Island Lake, IL
- $365,128
- Median Listing Price
- 34
- Median Days on Market
- 1,848
- Median Sq Ft
- $199
- Median Price / Sq Ft
- 532
- Active Listings
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
Matthews Middle School
Elementary · 0.8 mi away
Cotton Creek School
Elementary · 1.2 mi away
Learning Tree
School · 1.4 mi away
Robert Crown School
Elementary · 1.6 mi away
Wauconda High School
Secondary · 2.0 mi away
Wauconda Middle School
Secondary · 2.2 mi away
Da Vinci Waldorf School
Elementary · 2.2 mi away
Wauconda Grade School
Elementary · 2.2 mi away
Transfiguration Catholic School
School · 2.4 mi away
Wauconda Public Schools
School · 2.8 mi away
Messiah Lutheran Church
School · 3.6 mi away
Cary Community Consolidated School District 26
Secondary · 3.6 mi away
Deer Path Elementary School
Elementary · 3.8 mi away
Prairie Grove Junior High School
Secondary · 3.9 mi away
Prairie Grove Elementary School
Elementary · 3.9 mi away
A Child's Place
School · 4.0 mi away
Cary Community Consolidated School District
Elementary · 4.0 mi away
Cary-Grove High School
Secondary · 4.3 mi away
Holy Cross Lutheran Church
School · 4.4 mi away
Prairie Hill School
Elementary · 4.4 mi away
Commute Calculator
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|---|---|---|---|---|
| 902 44TH Street, Rock Island, IL | $1,300/mo | 3 | 1 | 1,344 |
| 647 Jonathan Drive, Round Lake, IL | $2,400/mo | 2 | 2 | 1,215 |
| 2144 135th Place 2, Blue Island, IL | $1,450/mo | 1 | 1 | 1,000 |
| 103 E Crystal Lake Avenue D, Crystal Lake, IL | $3,197/mo | 2 | 3 | 1,684 |
| 103 N Greenfield Avenue, Crystal Lake, IL | $2,750/mo | 4 | 2 | 1,916 |
| 285 W Westminster Avenue, Lake Forest, IL | $25,000/mo | 7 | 8 | 8,135 |
Moving Cost Estimate
EXIT Agents in Island Lake
Listing Courtesy: Premier Commercial Realty - 8478542300
Last Updated: 2026-01-09