Island Lake IL Commercial for Sale

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Type:
Other
Sq.Ft.:
4,943
Status:
Active
Beds:
n/a
Year built:
1964
Baths:
MLS#:
12214665

ADDITIONAL INFORMATION

Type:
Mixed Use
Sq.Ft.:
2,725
Status:
Active
Beds:
n/a
Year built:
1954
Baths:
MLS#:
12127296

ADDITIONAL INFORMATION

Seller Financing Available!!! An excellent opportunity presents itself with multiple options for use! Currently a house with a separate office building and plenty of land, you can purchase to lease, to live and work and build, or as a land development! The property is in great condition and currently houses a music store and a residential tenant. Free standing office building includes showroom/reception area, two small offices in front, two bathrooms, 3 storage rooms that can be converted to office spaces, and one larger coworking space with separate exterior door. House has 2 bedrooms and 1.5 bathrooms and is 900 sf. Prime location one building away from 176 in the commercial zone, you are in excellent proximity to the other businesses in Island Lake. Neighboring property is also for sale and an option for a larger development opportunity. Parking lot can house approximately 12 cars.

Type:
Other
Sq.Ft.:
42,000
Status:
Active
Beds:
n/a
Year built:
1981
Baths:
MLS#:
11745907

ADDITIONAL INFORMATION

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.

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Andrea D. Conner, License 471020674, Xome Inc., License 478026347, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Ste 100, Lewisville, TX 75067


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Island Lake Real Estate

The median home value in Island Lake, IL is $267,000. This is lower than the county median home value of $288,600. The national median home value is $338,100. The average price of homes sold in Island Lake, IL is $267,000. Approximately 75.44% of Island Lake homes are owned, compared to 18.79% rented, while 5.77% are vacant. Island Lake real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Island Lake real estate agent to arrange a tour today!

Island Lake, Illinois has a population of 8,057. Island Lake is more family-centric than the surrounding county with 35.38% of the households containing married families with children. The county average for households married with children is 33.95%.

The median household income in Island Lake, Illinois is $84,940. The median household income for the surrounding county is $93,801 compared to the national median of $69,021. The median age of people living in Island Lake is 39.9 years.

Island Lake Weather

The average high temperature in July is 82 degrees, with an average low temperature in January of 12.9 degrees. The average rainfall is approximately 36 inches per year, with 39.8 inches of snow per year.

Island Lake Real Estate Market Conditions

  • Median sales price

    $267,000
    14.5% change since last quarter
  • # Active listings

    46
    30-day change

Island Lake Schools and Demographics

Education near Island Lake, IL

Metric City County
High School Graduates 92.12 93.54
College Degree - 2 year 11.98 9.37
College Degree - 4 year 27.92 35.19
Graduate Degree 5.15 9.38
Expenditures per Student 18,892 18,892
Students per Teacher 13.7 13.7

Elementary Schools near Island Lake, IL

School Grades Students P/T Ratio ZIP
Briargate Elementary School PK - 05 367 17 60013
Cotton Creek School PK - 05 702 17.3 60042
Deer Path Elementary School PK - 05 524 15.9 60013
Hilltop Elementary School KG - 03 469 16.5 60051
James C Bush Elementary School 03 - 04 300 15.8 60051
Robert Crown School PK - 05 936 19.3 60084
Three Oaks School PK - 05 588 14.9 60013
Wauconda Grade School PK - 05 649 16.9 60084

Middle Schools near Island Lake, IL

School Grades Students P/T Ratio ZIP
Cary Junior High School 06 - 08 947 16.7 60013
Johnsburg Junior High School 05 - 08 642 15.3 60051
Matthews Middle School 06 - 08 464 13.8 60042
McHenry Middle School 06 - 08 760 13.2 60051
Wauconda Middle School 06 - 08 534 14.8 60084

High Schools near Island Lake, IL

School Grades Students P/T Ratio ZIP
Cary-Grove Community High School 09 - 12 1,803 17.2 60013
Johnsburg High School 09 - 12 688 14.2 60051
Prairie Ridge High School 09 - 12 1,501 17.8 60012
Wauconda High School 09 - 12 1,348 16.8 60084

Ungraded Schools near Island Lake, IL

School Grades Students P/T Ratio ZIP
Wauconda CUSD 118 ALOP 09 - 10 0 60084

Demographics near Island Lake, IL

Metric City County
Neighborhood Type Small town
Population 8,057 310,749
Population Density 2,361 515
Median Age 39.9 40.4
People per Household 2.7 2.7
Median Household Income 84,940 93,801
Average Income per Capita 36,529 43,047