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106 W State Road Island Lake, IL 60042

$850,000
New / MLS# 12756065 / Multi Unit - Multiple / Island Lake
9 Beds
6 Baths

Stabilized Cash Flow Today, Commercial Upside Tomorrow! Positioned on a prime, high-visibility corner lot at Route 176 and Midway Road (Roberts Road) in Island Lake, this versatile 4-unit property delivers immediate passive income paired with high-exposure commercial flexibility. Currently all units are occupied with active residential leases through 2027 (1 expiring Feb '27; 3 expiring July '27), the asset generates reliable holding income while you finalize your long-term strategy. Includes an attached garage with potential to be leased separately for additional income or storage. Zoned Business and previously operated as a professional office, the building features exceptional daily traffic counts and prime signage opportunities. Perfect for income-property investors seeking stable holding yield, or commercial end-users looking to secure a prominent footprint today with built-in income prior to owner occupancy.

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Baird & Warner New Client Care Team Agent Cell: 312.847.5702 Email

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Estimated Payment

$ 3,248.40 per month $2,187.15 Principal & Interest $813.33 Property Tax $247.92 Homeowner's Insurance
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Property Details

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Finished, Walk-Out Access
Garage: 1
Heating: Natural Gas
Lot Size: 11,863
Roof Type: Asphalt
Taxes: $9,760
Year Built: 1945

Feature Descriptions

Exterior: Brick, Block
Lot: Corner Lot
Lot Dimensions: 11863
Parcel#: 1520477020
Parking: Garage Door Opener, Garage, Yes, Garage Owned, Attached, Unassigned, Guest, Parking Lot, Owned
Sewer: Public Sewer
Total Rooms: 27
Township: Nunda
Water: Public

Schools

School District: District 118

Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.

Location

See details and scored characteristics about this location.

Listing Office: Century 21 Integra

Listing Office Phone: 815-344-1033



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