223 East State Road is a $2,900,000 home on a 4.80 acre lot located in Island Lake, IL.
This incredible and rarely found 5 acre retail shopping center with THREE (3) buildings is the centerpiece of Island Lake. High traffic area with amazing exposure on a major Illinois state highway 176 has daily vehicular count of over 31,000. Opportunity for a big box, restaurant, boutique shops, bank, food court, warehouse or any business or distribution facility that could benefit from a high exposure presence. Property would appeal to investor, developer or end user. Multi-family or special use possible with zoning change. The property has 3 freestanding, one-story, masonry constructed, commercial / retail buildings. There is a 1700 square foot former branch banking facility w/ 2 drive-thru lanes, a 25,670 retail building (divided into two units); 15,045 sq ft building formerly used as hardware store. Together, there is 42,415 sq ft of building area.
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