Date
Details
Price
Change
Source
1/09/2026
Listed
$19
—
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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1/13
$19
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1/13
Property Description
Former Mexican Restaurant 3,000 SF 640-642: Former 3,000 SF Mexican restaurant space available for immediate occupancy. Gross rent is $4,700/mo. ($18.80 psf) based on a minimum three-year lease). Current seating arrangement allows for 60+ dining customers. Space includes a 30+ ft long customer cooler, game room for six slot machines, large food prep area, 16ft long cook line with hood and Ansul system, and a separate room for coolers and a freezer. All of the permanent fixtures will remain. The availability of all other fixtures, furniture and equipment is pending. Tenant will receive a prominent display area on the Route 176 roadside monument sign. Also available at this center is a 5,800 SF banquet center complete with stage, bar, dance floor, large bathrooms and several storage areas. See separate listing for 626-632 E State Rd.
Full Property Details
Full Property Details for 640 E State Rd #640-642
General
- Price: $19
- Taxes: (2024)
- Status: Active
- Type: Commercial Lease
- Source: MRED
- MLS ID: 12544092
- Updated: 1/15/2026
- Added to Site: 8 day(s) ago
Additional Information
- Security/Safety: Sprinklers (Wet)
Location
- Area: Island Lake
- County: McHenry
- Driving Directions: 1/2 mile east of Island Lake on Route 176
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas
Structural Information
- Ceiling Height: 10
- Stories/Levels: 1
- Year Built: 1997
Lot Features
- Zoning: COMMR
Financial Considerations
- Lease Price: $19
- For Sale/Rent/Lease: For Rent Only
- Security Deposit: Sprinklers-Wet
- Assessment Year: 1997
- Tax Year: 2024
- Tenant Pays: All Utilities
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Schools
Schools serving 640 E State Rd #640-642
School District:Wauconda Community Unit School District 118
| Name | Grades | Distance |
|---|---|---|
Cotton Creek School 545 Newport Court, Island Lake, IL 60042 | K-5 | 1.2 mi |
Matthews Middle School PO Box 920, Island Lake, IL 60042 | 6-8 | 0.8 mi |
Wauconda High School 555 North Main Street, Wauconda, IL 60084 | 9-12 | 2.9 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 640 E State Rd #640-642
Estimate the Cost
Estimate the Cost for 640 E State Rd #640-642
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640 E State Road #640-642, Island Lake, IL 60042 (MLS# 12544092) is a Commercial Lease property. 640 E State Road #640-642 is currently listed for $19 and was received on January 09, 2026. Want to learn more about 640 E State Road #640-642? Do you have questions about finding other Commercial Lease 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.