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106 W State Road, Island Lake, IL 60042

Island Lake
Local realty services provided by:CENTURY 21 North East
106 W State Road,Island Lake, IL 60042
$850,000
  • 9 Beds
  • 6 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by:
  • Listing agent0
    Kelly Vance(815) 382 - 4841
    CENTURY 21 Integra
    License: 475.182834
Office: century 21 integra
MLS#:12756065
Source:MLSNI

Price summary

  • Price:$850,000

About this home

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. HIGHLY MOTIVATED SELLER. OFFERS WELCOME.

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Home facts

  • Year built:1945
  • Listing ID #:12756065
  • Updated:October 28, 2026 at 12:01 PM

Rooms and interior

  • Bedrooms:9
  • Total bathrooms:6
  • Full bathrooms:5
  • Half bathrooms:1
  • Rooms Total:27
  • Basement Description:Finished

Heating and cooling

  • Heating:Natural Gas

Structure and exterior

  • Roof:Asphalt
  • Year built:1945
  • Lot Features:Corner Lot
  • Foundation Description:Block, Concrete Perimeter

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$850,000
  • Tax amount:$9,760 (2025)

Parking

  • Total parking spaces:15
  • Parking description:Attached Garage, Garage, Parking Lot, Unassigned
  • Garage:Yes
  • Garage spaces:1
MLS LogoCopyright 2026 Midwest Real Estate Data LLC. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Listing information is deemed reliable but not guaranteed. MLSNI Member Broker: Nate Brown

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