Financial
Distress signals
Property profile

227 State Rd Island Lake, IL 60042

OFF-MARKET
Other commercial real estate
Property ID
US28-2699279
4,340 SF 0.48 ac lot Built 1970
Last sale Jun 2018
Trust Owned Owner of record is a trust. 8-yr Hold Held for 8 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a commercial site totaling 4.41 acres and includes three existing retail buildings. The buildings have historically been used for a grocery store, a bank, and a hardware store. The site offers 567 feet of frontage on Route 176 and is positioned for vehicular access via a stoplight-controlled intersection and multiple access points. Vehicular traffic along Route 176 is reported at 17,300 vehicles per day. The location is within an established residential/commercial area and is…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$13k
Tax billed · 2022
Assessed value$144k
Assessed land$35k
Assessed improvement$109k
Effective rate9.31%

Value estimate

· Sep 2026
$255k
$230k – $281k

Realmo valuation models over county records and 16 qualifying comparable sales.

Recently sold

What actually traded nearby?
$109/SF
County average, outlier-cleaned · 657 recorded sales of this use type
Observed band · Q1–Q3$64 – $173
Qualifying comparables16

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionMCHENRY

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency25.7
Law Firm21.2
Dental Office17.0

Location

227 State Rd Island Lake, IL 60042-8494
County assessor Recorded deeds · 4 transfers 16 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
Newport, Island Lake, IL 60042 $42,500 Aug 2024 No data
520 Newport, Island Lake, IL 60042-9136 $300,000 Oct 2023 2,920 SF
4405 Roberts, Island Lake, IL 60042-8517 $1,100,000 Sep 2023 6,400 SF
235 State, Island Lake, IL 60042-8448 $220,000 Nov 2022 2,834 SF
217 State, Island Lake, IL 60042-8448 $635,000 Oct 2022 4,708 SF
442 State, Island Lake, IL 60042-8450 $5,392,000 Apr 2021 14,736 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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