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310 E State Rd Island Lake, IL 60042

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For Sale
$750,000

Well-maintained restaurant on a high-traffic corridor with strong cash flow.

Property Features for 310 E State Rd

General Information

Standard status
Active

Building Details

Year built
1964

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Listing Contact
Dominick Cannata
Dominick Cannata
Source: Exitrealty

Listing Agency: Brookline Real Estate LLC Listing Agent: Dominick Cannata

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

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Overview

Established Restaurant Investment Opportunity

This is an opportunity to acquire a single-tenant net lease (STNL) investment property located in Island Lake, Illinois, a Chicago suburb. The property, currently operating as Island Lake Cafe, is situated at 310 E State Road. The building encompasses 4,943 square feet and sits on approximately 0.63 acres. The property is positioned at a signalized intersection on Route 176, between US Route 12 and the Fox River, benefiting from high traffic and visibility along the main business corridor. The surrounding area includes national retailers and businesses related to outdoor activities. The building has been well-maintained and includes a parking lot with 29 parking spaces and three points of access. Island Lake Cafe has been in operation for 30 years and has four years remaining on its current lease. The property is being offered with cash flow and potential for continued growth.
Location Intelligence

Current Use by Public Records

Island Lake Cafe Restaurant

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

Location Insight

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  • Local Demand
City
Island Lake
County
Lake
State
Illinois
Longitude
-88.1928054
Latitude
42.2711945

FAQs

What type of property is this?
Conventional restaurant - Well-maintained restaurant on a high-traffic corridor with strong cash flow.
Where is this conventional restaurant located?
The property is located at 310 E State Rd Island Lake, IL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: - STNL (Single Tenant Net Lease) investment opportunity.; - Located in a strong, transit-oriented location in Island Lake, a Chicago suburb.; - Positioned at a signalized intersection on Route 176, a main business corridor.
More about this property
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