106 W State Rd

Island Lake, IL 60042

  • $850,000

    Price

  • 9

    Bed

  • 6

    Bath

Listing Provided Courtesy of Kelly Vance 815-382-4841 - Century 21 Integra 815-344-1033

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About the Listing 96212 - 56755

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.

Listing Highlights for 106 W State Rd

Status Active
Days on Site 35
Property Type Multi-Family
MLS ® 12756065
Year Built 1945
Lot/Acreage 11863
County McHenry
Area Island Lake
School District 118

Interior Details

  • Bedrooms: 9
  • Bathrooms: 6 Full
  • Appliances:
  • Air Cond:
  • Heating: Natural Gas
  • Fireplaces:
  • Floor:
  • Basement: Finished,Walk-Out Access
  • Other:
  • Water: Public

Exterior Details

  • Lot Description: Corner Lot
  • Garage Capacity: 1 car
  • Parking Spaces: 15
  • Lot Dimensions: 11863
  • Roof: Asphalt
  • Others:
  • Sewer: Public Sewer
  • Parking Features: Garage Door Opener,Garage,Yes,Garage Owned,Attached,Unassigned,Guest,Parking Lot,Owned

Financial Details

  • Tax Amount: $9,760
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 1520477020
  • Tax Year: 2025

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106 W State Rd Island Lake, IL 60042

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Listing Courtesy of Kelly Vance 815-382-4841 - Century 21 Integra 815-344-1033

Originating MLS: mred

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106 W State Rd

Island Lake, IL 60042

$850,000

9 Bed | 6 Bath | 0 SqFt

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106 W State Rd

Island Lake, IL 60042

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106 W State Rd

Island Lake, IL 60042

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Puneet "Pete" Kapoor - CPA, ABR, PSA, SRS, CIPS, ACP

CPA, SRS, PSA, CIPS, ACP, GROUP LEAD, REALTOR | PRINCIPAL CO-OWNER | The Sterling Group Global | Keller Williams Infinity

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