$850,000

9 Bedrooms Other Residential

  • 9 Beds
  • 6 Baths
  • Updated: September 11
  • MLS#12756065

About the Property

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),
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.
  • Property type

    Other

  • Year built

    1945

Explore the Area

106 W State Road, Island Lake, IL 60042, Illinois, United States View on Google Maps
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Kelly Vance

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Kelly Vance
Illinois, United States
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2023
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CENTURY 21 Integra
CENTURY 21 Integra
3717 West Elm Street, 60050, McHenry, Illinois, United States
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Last updated
September 11
First listed
Sep 11
Listing reference
BC77609E-AB50-473D-B0D6-21EF9FFF9A67
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