106 W State Road, Island Lake, IL

$850,000

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9

Beds

About 106 W State Road

Stabilized Cash Flow Today, Commercial Upside Tomorrow! Positioned on a prime, high-visibility corner lot at Route 176 and Midway Road (Roberts Road) in Island Lake, this versatile 4-unit property delivers immediate passive income paired with high-exposure commercial flexibility. Currently all units are occupied with active residential leases through 2027 (1 expiring Feb '27; 3 expiring July '27), the asset generates reliable holding income while you finalize your long-term strategy. Includes an attached garage with potential to be leased separately for additional income or storage. Zoned Business and previously operated as a professional office, the building features exceptional daily traffic counts and prime signage opportunities. Perfect for income-property investors seeking stable holding yield, or commercial end-users looking to secure a prominent footprint today with built-in income prior to owner occupancy.

Features of 106 W State Road

MLS® # 12756065
Price $850,000
Bedrooms 9
Bathrooms 0.00
Year Built 1945
Type Residential Income
Sub-Type Two to Four Units
Status New

Community Information

Address 106 W State Road
Area Island Lake
City Island Lake
County McHenry
State IL
Zip Code 60042

Amenities

Parking Spaces 15
Parking Garage Door Opener, Garage, Yes, Garage Owned, Attached, Unassigned, Guest, Parking Lot, Owned
# of Garages 1
Is Waterfront No
Has Pool No

Interior

Heating Natural Gas
Fireplace No
Has Basement Yes
Basement Finished, Walk-Out Access

Exterior

Exterior Brick, Block
Lot Description Corner Lot
Roof Asphalt
Foundation Block, Concrete Perimeter

School Information

District 118

Additional Information

Days on Market 1
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCentury 21 Integra

Listing Map