Listing provided courtesy of Brookline Real Estate LLCMREDas Distributed by MLSGrid- MLS# 12302454
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Request Info310 E State RoadIsland Lake, IL 60042
Commercial · 4,943 Sq. ft.$750,000
Active
310 E State Road Overview
- Time on Site:
- 483 days
- Visits:
- 15
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.
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310 E State Road Facts & Features
- Type Commercial
- Sq. ft. 4,943
- Price/Sq.ft. $152
Details
General
Association/HOA
- Association Fee Frequency: Not Applicable
Income/Expenses
- Existing Lease Type: Net
- Net Operating Income: 69000
Building Information
- Year Built: 1964
Location/Region
- County Or Parish: Lake
- MLS Area Major: Island Lake
- Township: Wauconda
Rent/Lease Information
- Tenant Pays: Taxes, Repairs, All Utilities
Tax Information
- Tax Annual Amount: $15,513.36
- Tax Year: 2023
General Information
- Parcel Number: 09213200240000
- Property Sub Type: Restaurant
- Property Type: Commercial Sale
- Zoning: COMMR
Interior
Building Interior
- Building Area Total: 4943
General Information
- Cooling: Central Air
- Electric: Circuit Breakers
- Leasable Area: 4943
- Stories: 1
Unit Information
- Unit SqFt.: 4943
Exterior
Lot Information
- Additional Parcels: Yes
- Frontage Type: State Road
- Lot Size Dimensions: .63
- Lot Size Square Feet: 27442
General Information
- Number Of Units Total: 1
310 E State Road Neighborhood
Community
60042 (Island Lake) Demographics
42
Median Age
1,679
Population Density (per sq. mile)
38%
College Educated
$82,601
Estimated Median Income
2,510
Estimated Total Home Owners
648
Estimated Total Renters
79% / 21%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
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.310 E State Road Monthly Cost
310 E State Road Market Data
Based on the last 30 days in this zip code
$405,014
Average List Price
$213
Average Price per Square Foot
20
Properties Sold
52
Average Days on Market
28
Properties for Sale
310 E State Road History
| Date | Value | Agent |
|---|---|---|
| 3/8/2025Source: MRED | Active |
|
| 3/3/2025Source: MRED | March 03, 2025 |