


640 E State Road #640-642Island Lake, IL 60042
Commercial640 E State Road #640-642 Overview
- Time on Site:
- 171 days
- Visits:
- 2
Unit 640-642: Former 3,000 SF Mexican restaurant space available for immediate occupancy. Gross rent is $4,700/mo. ($18.80 psf) based on a minimum three-year lease). Current indoor seating arrangement allows for 60+ dining customers, and the seasonal outdoor patio has 20 more seats. Space includes a 30+ ft long customer cooler, game room for six slot machines, large food prep area, 16ft long cook line with hood and Ansul system, and a separate room for coolers and a freezer. All of the restaurants furniture, fixtures and equipment are scheduled to be available for the next tenant. There is a large electronic message board atop the roadside monument sign that is dedicated primarily for use by the restaurant and the adjoining banquet facility. Also available at this center is a 5,800 SF banquet center complete with stage, bar, dance floor, large bathrooms and several storage areas. See separate listing for 626-632 E State Rd.
640 E State Road #640-642 Facts & Features
- Type Commercial
Details
General
Association/HOA
- Association Fee Frequency: Not Applicable
Income/Expenses
- Existing Lease Type: Gross
- Net Operating Income: 0
Building Information
- Year Built: 1997
Location/Region
- County Or Parish: McHenry
- MLS Area Major: Island Lake
Rent/Lease Information
- Tenant Pays: All Utilities
Tax Information
- Tax Annual Amount: $0.00
- Tax Year: 2024
General Information
- Property Sub Type: Restaurant
- Property Type: Commercial Lease
- Zoning: COMMR
Interior
General Information
- Cooling: Central Air
- Electric: Service - 0 to 100 Amps
- Leasable Area: 3000
- Stories: 1
Unit Information
- Unit SqFt.: 3000
- Unit Number: 640-642
Exterior
640 E State Road #640-642 Neighborhood
Community
60042 (Island Lake) Demographics
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.640 E State Road #640-642 Market Data
Based on the last 30 days in this zip code
640 E State Road #640-642 History
| Date | Value | Agent |
|---|---|---|
| 1/14/2026Source: MRED | Active |
|
| 1/9/2026Source: MRED | January 09, 2026 |


















