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$2,499,000
42,000
square ft

223 E State Road
Island Lake, Illinois 60042

Contingent / MLS #11745907 / Retail Store / Island Lake
Listing information updated 9/25/2025 at 10:03am
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.
Built:
1981
Cooling System:
Central Air
Stories:
1
Current Use:
Commercial
Building Square Feet:
42,000
Tax Amount:
$109,232
Tax Year:
2021
Zip Code:
60042
City:
Island Lake
County:
Lake

Listing Office: Blue Chip Commercial Real Estate

Listing Office Phone: 815.355.0196

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 9/25/2025 at 10:03am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.

Island Lake, IL

Incorporated in 1952, Island Lake is a small community in Lake and McHenry counties. The village is situated around a lake and offers residents parks, beaches, and plenty of recreational activities. Water Tower Park hosts a variety of annual events including Lakefest and Cornfest, featuring free swe...
$272,797
Average Sale Price
75
Average Days On The Market
97%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 223 E State Road, Island Lake, IL 60042
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223 E State Road, Island Lake, IL 60042 is a retail store currently listed at $2,499,000. This retail store has been listed on @properties Christie's International Real Estate since March 27th, 2023 and was built in 1981.

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