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Listed by Kelly Vanceof Century 21 Integra
-
Est. payment /mo
New
106 W State RD Island Lake, IL 60042
9 Beds
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12756065
Bedrooms 9
Year Built 1945
Annual Tax Amount $9,760
Tax Year 2025
Lot Dimensions 11863
Property Sub-Type Two to Four Units
Property Description
Stabilized Cash Flow Today, Commercial Upside Tomorrow! Positioned on a prime, high-visibility corner lot at Route 176 and Midway Road (Roberts Road) in Island Lake, this versatile 4-unit property delivers immediate passive income paired with high-exposure commercial flexibility. Currently all units are occupied with active residential leases through 2027 (1 expiring Feb '27; 3 expiring July '27), the asset generates reliable holding income while you finalize your long-term strategy. Includes an attached garage with potential to be leased separately for additional income or storage. Zoned Business and previously operated as a professional office, the building features exceptional daily traffic counts and prime signage opportunities. Perfect for income-property investors seeking stable holding yield, or commercial end-users looking to secure a prominent footprint today with built-in income prior to owner occupancy.
Location
State IL
County Mchenry
Rooms
Basement Finished, Walk-Out Access
Interior
Heating Natural Gas
Fireplace N
Exterior
Garage Spaces 1.0
View Y/N true
Roof Type Asphalt
Building
Lot Description Corner Lot
Foundation Block, Concrete Perimeter
Sewer Public Sewer
Water Public
Structure Type Brick,Block
New Construction false
Schools
School District 118, 118, 118
Others
Ownership Fee Simple
Special Listing Condition List Broker Must Accompany
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