Date
Details
Price
Change
Source
3/27/2023
Listed
$2,499,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/5
$2,499,000 Contingent
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1/5
Property Description
4.41 acre redevelopment, owner/user, or investor opportunity! Three separate freestanding buildings featuring a 25,670 SF established, long-operating grocery store; a freestanding 16,486 SF vacant retail building and a freestanding 1,610 SF vacant bank building with two drive-thru lanes on the east end of the property. Outstanding corner lends itself to a long list of permitted uses with B-1 & B2 zoning! Over 17,300 vehicles per day pass this site! Heavy exposure on main east/west corridor, Route 176 and north/south thoroughfare Rand Road.
Full Property Details
Full Property Details for 223 E State Rd
General
- Price: $2,499,000
- Taxes: $109,232 (2021)
- Status: Contingent
- Type: Commercial
- Source: MRED
- MLS ID: 11745907
- Updated: 6/30/2025
- Added to Site: 1, 062 day(s) ago
Additional Information
- Security/Safety: Alarm Monitored
Location
- Area: Island Lake
- County: Lake
- Township: Wauconda
- Driving Directions: West of RT #12 on State Road (#176)
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Ceiling Units
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Loading: Service Entrance
- Stories/Levels: 1
- Square Feet: 42,000
- Current Bldg. Use: Commercial
- Year Built: 1981
Lot Features
- Lot Size (Sq. Ft.): 193,120
- Lot Dimensions: 568 x 340
- Frontage: Public Road, Signal Intersection
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Security Deposit: Alarm Monitored
- Assessment Year: 1981
- Tax Amount: $109,232
- Tax Year: 2021
Disclosures and Reports
- Property ID: 9213000100000
Listed by Blue Chip Commercial Real Estate
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Listing agent
— 223 E State Rd —
Blue Chip Commercial Real Estate
NMLS#: 1598647
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Schools
Schools serving 223 E State Rd
School District:Wauconda Community Unit School District 118
| Name | Grades | Distance |
|---|---|---|
Cotton Creek School 545 Newport Court, Island Lake, IL 60042 | K-5 | 0.8 mi |
Matthews Middle School PO Box 920, Island Lake, IL 60042 | 6-8 | 1 mi |
Wauconda High School 555 North Main Street, Wauconda, IL 60084 | 9-12 | 3.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 223 E State Rd
Tax History
Tax History for 223 E State Rd
Year
Property Taxes
Change
Tax Assessment
Change
2024
$10,137
-3%
$126,241
9%
2023
$10,431
4%
$115,394
7%
2022
$10,000
3%
$107,664
6%
2021
$9,687
3%
$101,733
5%
2020
$9,369
9%
$96,962
6%
2019
$8,565
-10%
$91,638
-1%
2018
$9,541
—
$92,761
1%
2017
$9,532
5%
$91,688
6%
2016
$9,105
3%
$86,826
9%
2015
$8,826
14%
$79,708
—
2014
$7,716
3%
$79,708
21%
2013
$7,487
3%
$66,024
-7%
2012
$7,240
—
$71,126
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 223 E State Rd
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- Single Family
- Active
- Updated 1 day ago
- 2Beds
- 2Total Baths
- 1,150Sq. Ft.
- Single Family
- Active
- Updated 9 hours ago
- 4Beds
- 3Total Baths
- 2,392Sq. Ft.
Co-Listed by Matt Melull (847) 354-2565
- Single Family
- Active
- Updated 2 days ago
- 4Beds
- 3Total Baths
- 2,357Sq. Ft.
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- Townhouse
- Active
- Updated 15 hours ago
- 3Beds
- 3Total Baths
- 1,379Sq. Ft.
Listed by Judy Garcia (224) 430-1391
223 E State Road, Island Lake, IL 60042 (MLS# 11745907) is a Commercial property. 223 E State Road is currently listed for $2,499,000 and was received on March 27, 2023. Want to learn more about 223 E State Road? Do you have questions about finding other Commercial real estate for sale in Island Lake? You can browse all Island Lake real estate or contact a Coldwell Banker agent to request more information.