Sold Multi-Unit Commercial Building in Island Lake

Overview

  • Retail Sold
  • 215 East State Road, Island Lake, IL 60042, USA
  • Price: $295,000
  • 7,500 sq. ft.

Highlights

  • On Rt. 176
  • Substantially Rehabbed

7,500 SF masonry mixed use building in Island Foods shopping plaza substantially rehabbed with tuckpointing, new roof, doors; windows, furnaces and air conditioners, electric, sewer and water lines and more (over $600K of recent improvements). Spaces consist of rented Mexican restaurant (1,000 SF paying $1,155/mo), a 1,500 SF remodeled office space, plus a raw 5,000 SF divisible space. Ideal for investor/user. Over $1 million into this property. Owner selling at a substantial loss. Cross parking easement with Island Foods. Bonus of 1,500 SF metal storage building with fenced/gated rear yard. Potential for  outdoor storage with conditional use. Must see to believe! Owner will consider leasing the 1,500 SF rehabbed office in rear for $1,000/mo ($8 psf net).

 

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