310 E State Road Island Lake IL 60042 MLS #MRD12302454

MLS #MRD12302454 image #0MLS #MRD12302454 image #1MLS #MRD12302454 image #2MLS #MRD12302454 image #3
Presenting the opportunity to acquire a STNL investment positioned in a strong, transit-oriented location in the Chicago suburb of Island Lake. Island Lake Cafe at 310 E State Road contains 4,943 square-feet and is situated on approximately 0.63 acres. Directly on Route 176 between US Route 12 and the Fox River, the property benefits greatly from its position at a signalized intersection along the main business corridor which features national retailers and outdoor-related businesses. The building has been well-maintained and offers its visitors 29 total parking spots in an accessible lot with three points of ingress/egress. Island Lake Cafe has been in operation for 30 years and currently has four years left on their lease. This asset is being offered with tremendous cash flow and continued growth.

Property Details

Price:
$750,000
MLS #:
MRD12302454
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Restaurant
Neighborhood:
Island Lake
Listed Date:
Feb 25, 2025
Finished Sq Ft:
4,943
Total Sq Ft:
4,943
Year Built:
1964
Island LakeIsland Lake

Schools

Interior

Cooling
Central Air

Exterior

Financial

Net Operating Income
$69,000
Tax Year
2023
Taxes
$15,513

Listing Agent & Office

Dominick Cannata
Brookline Real Estate LLC

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