106 W State Rd

Island Lake IL 60042

Multi-Family

Currently for sale - view listing

Overview

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.

Features

9 bedrooms

6 bathrooms

15 carspaces

1 garage space

Multi-Family

Property history for 106 W State Rd

2018

Sold

$185,644

22 Oct 2018

Happy sellers in Island Lake

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Local market activity for 9 bedroom multi families in Island Lake

Sold

For Sale

View the listing for inspection times, agent contact details, and more.

Kelly Vance

at Century 21 Integra

View listing

Sales:: (619) 566-0008

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