BEDS9
BATHS6 full
MLS#12756065
STATUSNew
PROPERTY TYPEMulti Unit - Multiple
SCHOOLDistrict 118
Property Description
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Finished, Walk-Out Access
Garage: 1
Heating: Natural Gas
Lot Size: 11,863
Roof Type: Asphalt
Taxes: $9,760
Year Built: 1945
Feature Descriptions
Exterior: Brick, Block
Lot: Corner Lot
Lot Dimensions: 11863
Parcel#: 1520477020
Parking: Garage Door Opener, Garage, Yes, Garage Owned, Attached, Unassigned, Guest, Parking Lot, Owned
Sewer: Public Sewer
Total Rooms: 27
Township: Nunda
Water: Public
Local Schools
School District: District 118
Listed By / Shown By
Listed By
Agency Name: Century 21 Integra
Agency Phone: 815-344-1033
Shown By
Agency Title: Dickerson & Nieman Realtors
Agency Phone: 815-227-5900
Estimate Your Payment
Estimated Payment
$ 2,952.98 per month $1,891.73 Principal & Interest $813.33 Property Tax $247.92 Homeowner's Insurance
106 W State Road | MLS# 12756065
This multi-family property located at 106 W State Road, Island Lake, IL 60042 is currently listed for sale with an asking price of $850,000. W State Road is located within the District 118 school district. Search Island Lake real estate on www.dickersonnieman.com today.