Island Lake, IL 60042 310 E State Road
$750,000



Presented By: Brookline Real Estate LLC
Home Details
Presenting the opportunity to acquire a STNL investment positioned in a strong, transit-oriented location in the Chicago suburb of Island Lake. Island Lake Cafe at 310 E State Road contains 4,943 square-feet and is situated on approximately 0.63 acres. Directly on Route 176 between US Route 12 and the Fox River, the property benefits greatly from its position at a signalized intersection along the main business corridor which features national retailers and outdoor-related businesses. The building has been well-maintained and offers its visitors 29 total parking spots in an accessible lot with three points of ingress/egress. Island Lake Cafe has been in operation for 30 years and currently has four years left on their lease. This asset is being offered with tremendous cash flow and continued growth.
Presented By: Brookline Real Estate LLC
General for 310 E State Road
Additional Parcels Y/NYes
CityIsland Lake
CoolingCentral Air
CountyLake
DirectionsTake E State Rd west from Rt 12 to property
ElectricCircuit Breakers
Leasable Area4943
Lease TypeNet
Lot Size Square Feet27442
MLS AreaIsland Lake
Net Operating Income69000
Number Of Units Total1
Property SubtypeRestaurant
Property TypeCommercial Sale
Property TypeRetail/Stores
Standard StatusActive
StatusActive
Stories1
Tax Annual Amount15513.36
Tax Year2023
Tenant PaysTaxes, Repairs
TownshipWauconda
Year Built1964
ZoningCOMMR
Exterior for 310 E State Road
Building Area Total4943
Frontage TypeState Road
Lot Dimensions.63
Additional Details
Price History
