Island Lake, IL Retail Properties & Spaces for Sale

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Mchenry, IL Holiday Hills, IL Crystal Lake, IL

Updated: Apr 1

Renovated Retail Building with Lounge

660 E State Road, Island Lake, IL 60042

Contact for pricing

10,384 sqft

Fully‑renovated ±10,384 SF free‑standing retail building (former dispensary and consumption lounge).
Turn‑key dispensary and consumption lounge potential with designer‑grade finishes.
203' of frontage on Route 176 (17,258 VPD) offering high visibility.
Modernized in 2023 with updated mechanical systems.
Lower‑level consumption lounge with bar, pantry, and private entertainment rooms.

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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.

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Island Lake Commercial Land Available

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

$1,500,000

7.51 AC lot

Highly visible 7.5 acre commercial land for sale.

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Based on your search, we've compiled 32 Potential Opportunities for your consideration. Besides 3 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.

Citgo Gas Station For Sale

400 Northwest Highway, Fox River Grove, IL 60021

$1,500,000

0.17 AC lot

Thriving gas station with fuel agreement and potential for expansion.

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Mixed-Use Building with Owner Financing

700 Northwest Highway, Fox River Grove, IL 60021

$790,000

4,428 sqft · 0.50 AC lot

Versatile mixed-use building with retail, warehouse, and residential spaces.

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Corner Unit Light Industrial Condo

951 N Old Rand Road #102, Wauconda, IL 60084

$386,000

4,071 sqft · 0.39 AC lot

Corner unit condo with warehouse, offices, and showroom potential.

View details

Remodeled Flex Unit with Front Office

1000 N Rand Road #202, Wauconda, IL 60084

$194,900

1,700 sqft

Move-in ready flex space with a remodeled interior, front office, and convenient parking on a high-traffic corridor.

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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.

Commercial Land Near Retail

Lots 2-3 4 Northwest Highway, Cary, IL 60013

$599,832

1.97 AC lot

1.97 acre commercial development land near established retailers.

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Land For Sale, Cary, IL

Kaper Drive, Cary, IL 60013

$840,000

3.16 AC lot

Commercial land available in Cary, Illinois.

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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.

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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.

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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.

RETAIL STORES (PERSONAL SERVICES)

125 State Rd, Island Lake, IL 60042-9612

$1,800,000

Estimated value

19,630 sqft · 0.90 AC lot

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FINANCIAL BUILDING

660 State Rd, Island Lake, IL 60042-8218

$655,000

Estimated value

9,152 sqft · 0.74 AC lot

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RESTAURANT

107 State Rd, Island Lake, IL 60042-9645

Value Estimation by Request

1,120 sqft · 0.11 AC lot

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RETAIL STORES (PERSONAL SERVICES)

211 State Rd, Island Lake, IL 60042-9555

Value Estimation by Request

9,320 sqft · 0.50 AC lot

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RESTAURANT

203 State Rd, Island Lake, IL 60042-9551

$740,000

Estimated value

4,305 sqft · 1.00 AC lot

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RETAIL STORES (PERSONAL SERVICES)

652 State Rd, Island Lake, IL 60042-8218

$1,985,000

Estimated value

21,730 sqft · 3.22 AC lot

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AUTO REPAIR, GARAGE

128 State Rd, Island Lake, IL 60042-9645

Value Estimation by Request

3,752 sqft · 0.20 AC lot

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RETAIL STORES (PERSONAL SERVICES)

113 State Rd, Island Lake, IL 60042-9645

Value Estimation by Request

5,700 sqft · 0.19 AC lot

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RETAIL STORES (PERSONAL SERVICES)

225 State Rd, Island Lake, IL 60042

$555,000

Estimated value

15,000 sqft · 0.63 AC lot

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CONVENIENCE STORE

226 State Rd, Island Lake, IL 60042-9509

Value Estimation by Request

2,284 sqft · 0.86 AC lot

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RESTAURANT

206 State Rd, Island Lake, IL 60042-9551

Value Estimation by Request

4,786 sqft · 0.10 AC lot

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RETAIL STORES (PERSONAL SERVICES)

4450 Darrell Rd, Island Lake, IL 60042-9416

$7,860,000

Estimated value

48,000 sqft · 17.14 AC lot

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CONVENIENCE STORE

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

$850,000

Estimated value

3,825 sqft · 2.99 AC lot

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RESTAURANT

310 State Rd, Island Lake, IL 60042-9527

Value Estimation by Request

5,560 sqft · 0.17 AC lot

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RETAIL STORES (PERSONAL SERVICES)

103 State Rd, Island Lake, IL 60042-9645

Value Estimation by Request

2,768 sqft · 0.55 AC lot

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BAR, TAVERN

27509 Beech St, Island Lake, IL 60042-8464

Value Estimation by Request

3,960 sqft · 0.16 AC lot

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Strip malls

636 State Rd, Island Lake, IL 60042

Value Estimation by Request

21,300 sqft

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Individual retail properties

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

Value Estimation by Request

7,130 sqft

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WHOLESALE OUTLET, DISCOUNT STORE

223 State Rd, Island Lake, IL 60042-9551

$2,300,000

Estimated value

25,900 sqft · 0.64 AC lot

View details

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

FINANCIAL BUILDING

229 State Rd, Island Lake, IL 60042

Value Estimation by Request

1,610 sqft · 0.60 AC lot

View details

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

Explore 24 retail properties & spaces for sale in Island Lake, IL, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 20,984 square feet of properties for sale, with an estimated market value of $1,500,000.

Sale prices for stores in Island Lake, IL start at $0.00, averaging $500,000, and reaching up to $1,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

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	$1.5M

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Lake County

New Delisted

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Island Lake, IL Retail Properties & Spaces for Sale

660 E State Road, Island Lake, IL 60042

660 E State Rd, Island Lake, IL 60042

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

Opportunities in Nearby Cities

400 Northwest Highway, Fox River Grove, IL 60021

700 Northwest Highway, Fox River Grove, IL 60021

951 N Old Rand Road #102, Wauconda, IL 60084

1000 N Rand Road #202, Wauconda, IL 60084

Potential Development Sites for Consideration

Lots 2-3 4 Northwest Highway, Cary, IL 60013

Kaper Drive, Cary, IL 60013

27419 West Molidor Road, Volo, IL 60020

1718 W Lincoln Road, Lakemoor, IL 60051

Off-Market Properties in Island Lake, IL

125 State Rd, Island Lake, IL 60042-9612

660 State Rd, Island Lake, IL 60042-8218

107 State Rd, Island Lake, IL 60042-9645

211 State Rd, Island Lake, IL 60042-9555

203 State Rd, Island Lake, IL 60042-9551

652 State Rd, Island Lake, IL 60042-8218

128 State Rd, Island Lake, IL 60042-9645

113 State Rd, Island Lake, IL 60042-9645

225 State Rd, Island Lake, IL 60042

226 State Rd, Island Lake, IL 60042-9509

206 State Rd, Island Lake, IL 60042-9551

4450 Darrell Rd, Island Lake, IL 60042-9416

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

310 State Rd, Island Lake, IL 60042-9527

103 State Rd, Island Lake, IL 60042-9645

27509 Beech St, Island Lake, IL 60042-8464

636 State Rd, Island Lake, IL 60042

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

223 State Rd, Island Lake, IL 60042-9551

217 State Rd, Island Lake, IL 60042-9551

229 State Rd, Island Lake, IL 60042

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

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

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