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    Island Lake, IL Retail Properties & Spaces for Sale

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    Class A Retail Building with Elevator
    Updated: Apr 28
    Class A Retail Building with Elevator

    660 E State Rd, Island Lake, IL 60042

    Contact for pricing
    10,384 sqft
    10,384 SF Class A retail building redesigned in 2023
    High‑end, turn‑key dispensary & consumption lounge setup
    203' frontage on RT 176 with high visibility
    Elevator and upgraded HVAC system
    Offices plus kitchen and breakroom kitchenette
    View details
    Renovated Retail Building in Island Lake
    Updated: Mar 11
    Renovated Retail Building in Island Lake

    660 E State Rd, Island Lake, IL 60042

    Contact for pricing
    10,600 sqft
    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.
    Includes a members‑only lower‑level consumption lounge with a limited food menu and private entertainment rooms.
    Located in the Village of Island Lake, approximately 42 miles northwest of Chicago, in a bustling area.
    View details
    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 31 Potential Opportunities for your consideration. Besides 2 Active listings in Island Lake, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 21 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mixed-Use Building with Retail Frontage
    Mixed-Use Building with Retail Frontage

    31828 N US Highway 12, Volo, IL 60073

    $450,000
    0.88 AC lot

    Two-level property combines a storefront with an existing second-floor apartment.

    View details
    Office/Retail Building on Route 14
    Office/Retail Building on Route 14

    181 S Northwest Hwy, Cary, IL 60013

    $129,900
    1,400 sqft 0.25 AC lot

    1400 sq ft office/retail building on busy Route 14.

    View details
    Storefront Unit with Central Air
    Storefront Unit with Central Air

    31632 N Ellis Drive 111, Volo, IL 60073

    $204,900

    Industrial-zoned commercial unit with central air in a multi-building complex.

    View details
    Office/Retail Corner Building
    Office/Retail Corner Building

    181 S Northwest Highway, Cary, IL 60013

    Contact for pricing
    1,400 sqft

    Corner office/retail building with three private offices and kitchenette, plus full basement with two separate outside entrances.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Signalized Intersection Commercial Land
    Signalized Intersection Commercial Land

    NEC Route 176 & Westridge Drive, Island Lake, IL 60042

    $1,500,000
    7.51 AC lot

    Mostly level commercial land with water available at a signalized intersection.

    View details
    Land For Sale, Cary, IL
    Land For Sale, Cary, IL

    Kaper Drive, Cary, IL 60013

    $840,000
    3.16 AC lot

    Commercial land available in Cary, Illinois.

    View details
    Commercial Corner Land For Sale
    Commercial Corner Land For Sale

    27419 West Molidor Road, Volo, IL 60020

    $895,000
    4.34 AC lot

    4.34 acres at signalized intersection, high traffic, retail potential.

    View details
    Lakemoor Commercial Land Opportunity
    Lakemoor Commercial Land Opportunity

    1718 W Lincoln Road, Lakemoor, IL 60051

    $125,000
    2.27 AC lot

    2.27-acre commercial lot in Lakemoor, Illinois, zoned C-1 PUD.

    View details

    Off-Market Properties in Island Lake, IL

    Consider similar Off-Market properties in Island Lake, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    125 State Rd
    RETAIL STORES (PERSONAL SERVICES)

    125 State Rd, Island Lake, IL 60042-9612

    $1,800,000
    Estimated value
    19,630 sqft 0.90 AC lot
    View details
    660 State Rd
    FINANCIAL BUILDING

    660 State Rd, Island Lake, IL 60042-8218

    $690,000
    Estimated value
    9,152 sqft 0.74 AC lot
    View details
    107 State Rd
    RESTAURANT

    107 State Rd, Island Lake, IL 60042-9645

    $295,000
    Estimated value
    1,120 sqft 0.11 AC lot
    View details
    211 State Rd
    RETAIL STORES (PERSONAL SERVICES)

    211 State Rd, Island Lake, IL 60042-9555

    $515,000
    Estimated value
    9,320 sqft 0.50 AC lot
    View details
    203 State Rd
    RESTAURANT

    203 State Rd, Island Lake, IL 60042-9551

    $405,000
    Estimated value
    4,305 sqft 1.00 AC lot
    View details
    652 State Rd
    RETAIL STORES (PERSONAL SERVICES)

    652 State Rd, Island Lake, IL 60042-8218

    $790,000
    Estimated value
    21,730 sqft 3.22 AC lot
    View details
    128 State Rd
    AUTO REPAIR, GARAGE

    128 State Rd, Island Lake, IL 60042-9645

    $280,000
    Estimated value
    3,752 sqft 0.20 AC lot
    View details
    113 State Rd
    RETAIL STORES (PERSONAL SERVICES)

    113 State Rd, Island Lake, IL 60042-9645

    $330,000
    Estimated value
    5,700 sqft 0.19 AC lot
    View details
    225 State Rd
    RETAIL STORES (PERSONAL SERVICES)

    225 State Rd, Island Lake, IL 60042

    $400,000
    Estimated value
    15,000 sqft 0.63 AC lot
    View details
    226 State Rd
    CONVENIENCE STORE

    226 State Rd, Island Lake, IL 60042-9509

    $400,000
    Estimated value
    2,284 sqft 0.86 AC lot
    View details
    206 State Rd
    RESTAURANT

    206 State Rd, Island Lake, IL 60042-9551

    $305,000
    Estimated value
    4,786 sqft 0.10 AC lot
    View details
    4450 Darrell Rd
    RETAIL STORES (PERSONAL SERVICES)

    4450 Darrell Rd, Island Lake, IL 60042-9416

    $7,860,000
    Estimated value
    48,000 sqft 17.14 AC lot
    View details
    27905 Il Rte 176
    CONVENIENCE STORE

    27905 Il Rte 176, Island Lake, IL 60042-9589

    $485,000
    Estimated value
    3,825 sqft 2.99 AC lot
    View details
    310 State Rd
    RESTAURANT

    310 State Rd, Island Lake, IL 60042-9527

    $400,000
    Estimated value
    5,560 sqft 0.17 AC lot
    View details
    103 State Rd
    RETAIL STORES (PERSONAL SERVICES)

    103 State Rd, Island Lake, IL 60042-9645

    $395,000
    Estimated value
    2,768 sqft 0.55 AC lot
    View details
    27509 Beech St
    BAR, TAVERN

    27509 Beech St, Island Lake, IL 60042-8464

    $295,000
    Estimated value
    3,960 sqft 0.16 AC lot
    View details
    636 State Rd
    Strip malls

    636 State Rd, Island Lake, IL 60042

    Value Estimation by Request
    21,300 sqft
    View details
    452 State Rd - Is Lk
    Individual retail properties

    452 State Rd - Is Lk, Island Lake, IL 60042

    Value Estimation by Request
    7,130 sqft
    View details
    223 State Rd
    WHOLESALE OUTLET, DISCOUNT STORE

    223 State Rd, Island Lake, IL 60042-9551

    $715,000
    Estimated value
    25,900 sqft 0.64 AC lot
    View details
    217 State Rd
    RETAIL STORES (PERSONAL SERVICES)

    217 State Rd, Island Lake, IL 60042-9551

    $745,000
    Estimated value
    16,486 sqft 1.47 AC lot
    View details
    229 State Rd
    FINANCIAL BUILDING

    229 State Rd, Island Lake, IL 60042

    $270,000
    Estimated value
    1,610 sqft 0.60 AC lot
    View details

    Island Lake, IL Retail Properties & Spaces Market Trends and Statistics

    Explore 23 retail properties & spaces for sale in Island Lake, IL on our real estate platform. These investment opportunities span a total of 20,984 square feet of properties for sale.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Storefront properties 2
    Shopping centers 1

    Demographics Overview

    Population 8,630
    Population Growth (5Y) +2.5%
    Median Household Income $94,613
    College Educated 34.3%

    High-Yield Neighborhoods for Investment

    Identify Island Lake submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    60042 $1.8M

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lake County

    New Delisted

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