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Renovated Retail Building in Island Lake
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660 E State Rd, Island Lake, IL 60042

Fully renovated retail building occupied by Emerald Dispensary.

Property Size10,600 SF
Price / SF$367.92
Days on Market163

Property Features for 660 E State Rd

General Information

Standard status Active
Size 10,600 SF
Class A
Property subtype Retail
Zoning GB (general business)
Investment Type Owner/User

Building Details

Year Built 1999
Year Renovated 2018
Buildings 1
Stories 1
Units 1
Listing Agency: SVN | Chicago Commercial
Listed By: Karen Kulczycki-CCIM, SIOR · License #IL #471-020279
Source: Crexi
Added: Mar 11 Changed: Aug 8 Last Checked: Aug 10 at 2:20AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Chicago Commercial

Investment Insights

Based on property information with market context.

Located in Island Lake, Illinois, approximately 42 miles northwest of Chicago, this property presents an investment opportunity in the northwest Chicago suburban market. The property is a fully renovated, free-standing retail building with 10,384 square feet. Modernized in 2023 with designer-grade finishes, a two-story mural, and updated mechanical systems, the building is 100% occupied by Emerald Dispensary, featuring the Northern Heights craft cannabis brand. The company retails premium cannabis products, concentrates, edibles, wellness products, and accessories for both medical and recreational consumers. A members-only lower-level consumption lounge offers a limited food menu and private entertainment rooms. The property has 203 feet of frontage on Route 176, with a traffic count of 17,258 vehicles per day. The property sits on an outlot of the fully-leased Westridge Shopping Center, which includes a diverse mix of retailers, including restaurants, dental, nail salon, pet supply store, and more. Nearby, the Village Park Plaza offers a diverse array of shopping and dining options, while Island Lake provides a serene backdrop. The location is less than 7 miles to the Cary Metra Station.

Key Highlights

  • Fully renovated (2023) free‑standing retail building with designer‑grade finishes.
  • 100% occupied by Emerald Dispensary, featuring the award‑winning Northern Heights craft cannabis brand.
  • Located on an outlot with 203' of frontage on Route 176 (17,258 VPD) offering excellent visibility and high traffic.

Property Analytics

Current Use

Emerald Dispensary & Lounge (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Hair Salon Law Firm Electrical Service Pharmacy Grocery & Convenience Store Dental Office

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

Location Intelligence

Trade Area within ½ mile

165
Businesses Nearby
10k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
BP Shops & Services
5,098 visits/mo 0.5 miles
Dollar General Shops & Services
4,841 visits/mo 0.1 miles

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 Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Fully renovated retail building occupied by Emerald Dispensary.
Where is this retail space located?
The property is located at 660 E State Rd Island Lake, IL.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: Fully renovated (2023) free‑standing retail building with designer‑grade finishes.; 100% occupied by Emerald Dispensary, featuring the award‑winning Northern Heights craft cannabis brand.; Located on an outlot with **203' of frontage on Route 176 (17,258 VPD)** offering excellent visibility and high traffic.
(312) 770-0119 Call to check price and availability
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