Financial
Distress signals
Property profile

660 E State Rd Island Lake, IL 60042

FOR LEASE
Banks
Property ID
US28-1507470
9,152 SF 0.74 ac lot Built 1997
Last sale Nov 2022 · $650,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Located at 660 E State Street in Island Lake, Illinois, this freestanding retail building comprises approximately 10,384 square feet and is situated on an outlot with 203 feet of frontage on Route 176. The building was modernized in 2023 and includes updated mechanical systems, an upgraded HVAC system, designer-grade interior finishes, and a two-story mural. Improvements include a lower-level consumption lounge with a bar and pantry area and private entertainment rooms. The building provides an…

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 · 2023

What does the county charge?
$31k
Tax billed · 2023
Assessed value$223k
Assessed land$85k
Assessed improvement$138k
Effective rate14.04%

Value estimate

· Sep 2026
$690k
$621k – $759k
AI approach$630k
NOI build-up
Gross scheduled income$156k
Vacancy & credit loss−$4k
Operating expenses−$46k
NOI · 279,465.79% cap applied$106k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
279,465.79%
$106k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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.

JurisdictionLAKE

Location intelligence

Which uses thrive at this corner?
Best fit: Hair Salon
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Hair Salon10.1
Law Firm9.5
Electrical Service9.4

Location

660 E State Rd Island Lake, IL 60042
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file 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

2 recorded sales · 8 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
125 State, Island Lake, IL 60042-9612 $1,800,000 Sep 2024 19,630 SF
211 State, Island Lake, IL 60042-9555 $450,000 Mar 2021 9,320 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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