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223 E State Road

Island Lake, IL 60042

223 E State Road, Island Lake, IL 60042 — exterior front view
223 E State Road, Island Lake, IL 60042 — all view
223 E State Road, Island Lake, IL 60042 — all view

223 E State Road

Island Lake, IL

$2,499,000

ActiveMLS #MRD11745907

223 E State Road

Island Lake, IL 60042

$2,499,000

List Price

Studio

Layout

About This Property

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, Rout...

Property Details

Key Facts

Overview
Property TypeCommercial Sale
BedroomsStudio
Days on Market1186
Building
StyleOther
Year Built1981
Lot Size568 X 340
CountyLake
CoolingCentral Air
ExteriorBrick
Lot Dimensions568 X 340
MLS #MRD11745907
Days on Market1186
List DateMarch 27, 2023
StatusActive
Annual Taxes$109,232
Listing Courtesy OfBlue Chip Commercial Real Estate

Listed for sale

MLS #MRD11745907

$2,499,000

Mar 27, 2023

Mortgage Estimate

$21,739

/month
Principal & Interest
$12,636
Property Taxes
$9,103
20% · $499,800
6.5%

Location

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223 E State Road, Island Lake, IL 60042

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Listing data is provided in part by Midwest Real Estate Data LLC (MRED). Information is deemed reliable but not guaranteed accurate and should be independently verified. Properties may be listed by brokerages other than Abode Real Estate. © 2026 Midwest Real Estate Data LLC. All rights reserved.

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