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Investment Highlights

  • Traffic Counts of 17,300 Per Day
  • Multiple Access Points
  • Average Household Income Exceeding $109,397 Within 3 Mile Radius

Executive Summary

Retail Redevelopment or Value Add Opportunity. 3 Existing Buildings: 1,610 SF, 16,486 SF, 25,900 SF

Property Facts Under Contract

Price $3,467,113 CAD
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Restaurant
  • Storefront
Total Lot Size 4.41 AC
Zoning B2 & B1 - Village of Island Lake

1 Lot Available

Lot

Price $3,467,113 CAD
Price Per AC $786,193.35 CAD
Lot Size 4.41 AC

5 Total Parcels - 4.41 Total Acres

Description

• Retail Redevelopment Opportunity in Island Lake, IL | 4.41 Total Acres • Includes 3 Existing Retail Buildings (Former Grocery, Bank, and Hardware Store) • 567’ of Frontage on Route 176! Traffic Counts of 17,300 Per Day • Affluent Population with Average Household Income Exceeding $109,397 Within 3 Mile Radius • Property is currently Zoned B2 & B1 (Village of Island Lake) • Stoplight Controlled Intersection | Multiple Access Points • Ideal uses include Retail, Fast Food, Sit Down Restaurant, Home Improvement/Garden Supply Store, Hotel, Boat, Bicycle/Motor Sales, Theater/Entertainment, Medical/Healthcare Clinic

Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
09-21-300-009
Land Assessment
$190,370 CAD
Improvements Assessment
$0 CAD
Total Assessment
$190,370 CAD
  • Listing ID: 28072821

  • Date on Market: 2023-03-27

  • Last Updated:

  • Address: 223 E State Rd, Island Lake, IL 60042

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