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$1,600,000

  • Sold
  • Closed
  • Commercial
  • 42,000 Sq. Ft.
  • Updated 13 days ago
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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 for 223 E State Rd

General

  • Sold For: $1,600,000
  • Taxes: $109,232 (2021)
  • Status: Closed
  • Type: Commercial
  • Source: MRED
  • MLS ID: 11745907
  • Added to Site: 1, 280 day(s) ago

Additional Information

  • Security/Safety: Alarm Monitored

Location

  • Area: Island Lake
  • County: Lake
  • 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
Sold by New Century Real Estate

Listing agent

— 223 E State Rd —

  • Blue Chip Commercial Real Estate

Get Pre-Approved Today

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with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 223 E State Rd

School District:Wauconda Community Unit School District 118
NameGradesDistance
Cotton Creek School
545 Newport Court, Island Lake, IL 60042
K-50.8 mi
Matthews Middle School
PO Box 920, Island Lake, IL 60042
6-81 mi
Wauconda High School
555 North Main Street, Wauconda, IL 60084
9-123.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 223 E State Rd

Date
Details
Price
Change
Source
9/11/2026
Sold
$1,600,000
-35.97%
MLS
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.

Listed by Blue Chip Commercial Real Estate
Sold by New Century Real Estate

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223 E State Road, Island Lake, IL 60042 (MLS# 11745907) is a Commercial property that was sold at $1,600,000 on September 11, 2026. 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.