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227 East State Rd Island Lake, IL 60042

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For Sale
$2,499,000

4.41 acres with retail buildings and high traffic frontage.

Lot size:
4.41 Acres

Property Features for 227 East State Rd

General Information

Lot size
4.41 Acres

Source: Blue Chip Commercial Agent Tim Billimack

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Commercial Land Redevelopment Opportunity

This commercial property presents a redevelopment or value-add opportunity, encompassing 4.41 total acres. The site includes three existing retail buildings currently housing a grocery store, a bank, and a hardware store. It features 567 feet of frontage on Route 176, benefiting from traffic counts of 17,300 vehicles per day. Situated within an affluent area, the average household income exceeds $109,397 within a 3-mile radius. The location benefits from a stoplight-controlled intersection and multiple access points. Ideal uses for the property include retail, fast food, sit-down restaurants, home improvement or garden supply stores, hotels, and medical or healthcare clinics.
Insight Report Location Intelligence

Current Use by Public Records

Sharp Auto Body Auto Body Shop All Ways Towing ... Towing Service

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Island Lake
County
Lake
State
Illinois
Longitude
-88.20157
Latitude
42.274105

FAQs

What type of property is this?
Commercial land - 4.41 acres with retail buildings and high traffic frontage.
Where is this commercial land located?
The property is located at 227 East State Rd Island Lake, IL.
What is the asking price?
The asking price for this property is $2,499,000.
What are key features of this property?
This property features: - 4.41 total acres with 3 existing retail buildings offering redevelopment/value add opportunity.; - **567' of frontage on Route 176 with high traffic counts (17,300 per day).**; - Located in an affluent area with an average household income exceeding $109,397 within a 3-mile radius.
More about this property
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