223 E State Road, Island Lake, IL
  • $2,499,000

Description

4.41 acre redevelopment, owner/user, or investor opportunity! Three separate freestanding buildings featuring a 25,670 SF established, long-operating grocery store; a freestanding 16,486 SF vacant retail building and a freestanding 1,610 SF vacant bank building with two drive-thru lanes on the east end of the property. Outstanding corner lends itself to a long list of permitted uses with B-1 & B2 zoning! Over 17,300 vehicles per day pass this site! Heavy exposure on main east/west corridor, Route 176 and north/south thoroughfare Rand Road.

  • Listing Courtesy of: Blue Chip Commercial Real Estate

Details

Updated on June 5, 2026 at 7:59 am
  • Property ID MRD11745907
  • Price $2,499,000
  • Year Built 1981
  • Property Type Bad
  • Property Status Active Under Contract
  • Parcel Number 09213000100000
  • MLS Status Contingent
  • Days On Market 548
  • Cumulative Days On Market 1128
  • Tax Annual Amount 109232
  • Cooling Central Air
  • Directions West of RT #12 on State Road (#176)
  • Association Fee Frequency Not Applicable
  • BuildingAreaTotal 42000
  • LotSizeSquareFeet 193120
  • StoriesTotal 1
  • Address 223 E State Road
  • City Island Lake
  • State/county IL
  • Zip/Postal Code 60042
  • Country United States

Overview

Property ID: MRD11745907
  • Bad
  • Property Type
  • 1981
  • Year Built

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