LOCATED ON BUSY RT. 176 (20,000 + CARS PER DAY) IN THE HEART OF ISLAND LAKE.TRULY UNIQUE BUSINESS/INVESTMENT OPPORTUNITY PREVIOUSLY OCCUPIED BY AN AUTO DEALERSHIP. LIKE NEW QUALITY BUILT IN 2016. FEATURING EXTRA HIGH CEILINGS AND TWO LARGE OVERHEAD DOORS TO ACCOMMODATE LARGER VEHICLES, SEALED FIVE INCH CONCRETE FLOORS AND TRIPLE BASIN DRAINS. CLEAN AND ATTRACTIVE ENOUGH TO BE CONVERTED TO MOST BUSINESS/OFFICE/RETAIL USE. ABUNDANT PARKING. CURRENT TENANT ON MONTH TO MONTH MAY CONSIDER LEASE BACK. OWNER FINANCING MAY BE AVAILABLE.
Seller Financing Available!!! An excellent opportunity presents itself with multiple options for use! Currently a house with a separate office building and plenty of land, you can purchase to lease, to live and work and build, or as a land development! The property is in great condition and currently houses a music store and a residential tenant. Free standing office building includes showroom/reception area, two small offices in front, two bathrooms, 3 storage rooms that can be converted to office spaces, and one larger coworking space with separate exterior door. House has 2 bedrooms and 1.5 bathrooms and is 900 sf. Prime location one building away from 176 in the commercial zone, you are in excellent proximity to the other businesses in Island Lake. Neighboring property is also for sale and an option for a larger development opportunity. Parking lot can house approximately 12 cars.
Live / Work Industrial Property 4,147 SF House 3,000 SF Converted Barn 2,300 SF Storage Bldg. 19 acres zoned Office/Research/Industrial. 4.59 acres contains a 4,147 SF 3-4 bdrm, 3 bath hillside ranch home with 2.5 car garage and 14.65 acres contains a 3,000 SF converted barn used as a commercial printing operation plus a 2,300 SF frame storage structure with 4 garage doors. Ideal for a live/work operation. Value is in the land, 10 acres of which is currently being farmed to keep taxes down. City water in front of property. Owner might consider a lease. Zoning allows horses (riding and boarding) and nursery/greenhouse with special use permit. PRICE REDUCED!!
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.
Island Lake is located in Illinois. Island Lake, Illinois has a population of 8,049. Island Lake is less family-centric than the surrounding county with 33.14% of the households containing married families with children. The county average for households married with children is 37.26%.
The median household income in Island Lake, Illinois is $73,692. The median household income for the surrounding county is $82,230 compared to the national median of $57,652. The median age of people living in Island Lake is 39.8 years.
The average high temperature in July is 81.7 degrees, with an average low temperature in January of 11.9 degrees. The average rainfall is approximately 36.8 inches per year, with 34.3 inches of snow per year.