Building Details

Tenancy Multi

Listing Agency: RE/MAX Plaza j**@mc.net Show Phone

Listed By: James Schaid · License #IL 471002483

Source: Crexi

Added: Apr 12 Changed: Aug 29 Last Checked: Aug 29 at 7:08PM

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Investment Insights

Based on property information with market context.

This gas station property includes four apartments, all currently leased, along with space rented by a tire shop. The combined configuration brings fuel-service, residential, and automotive components together on one site.

Located at 307 E State Rd in Island Lake, Illinois, the property has access from two streets. Its existing improvements include the gas station, four apartments, and tire-shop space, providing a varied commercial and residential layout.

Key Highlights

• Gas station property with four apartments
• All 4 apartments are currently leased
• Tire shop rents space on the property

Property Analytics

Current Use

Gas stations

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Dental Office Spa & Massage Center Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

252

Businesses Nearby

Explore this area Business Placement

Demographics for 60042, IL

8,433

Population

3,263

Households

2.6

Avg Household Size

41

Median Age

27%

College-Educated

91%

High-School Grad

4.6 sq mi

ZIP Area

1,833

Density / Sq Mi

$94,613

Median Household Income

$46,306

Median Earnings

$1,826

Median Rent

$244,000

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this gas stations located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Gas station - Leased residential units accompany space occupied by a tire shop.

Where is this gas station located?

The property is located at 307 E State Rd Island Lake, IL.

What are key features of this property?

This property features: Gas station property with four apartments; All 4 apartments are currently leased; Tire shop rents space on the property