About 106 W State Road
Stabilized Cash Flow Today, Commercial Upside Tomorrow! Positioned on a prime, high-visibility corner lot at Route 176 and Midway Road (Roberts Road) in Island Lake, this versatile 4-unit property delivers immediate passive income paired with high-exposure commercial flexibility. Currently all units are occupied with active residential leases through 2027 (1 expiring Feb '27; 3 expiring July '27), the asset generates reliable holding income while you finalize your long-term strategy. Includes an attached garage with potential to be leased separately for additional income or storage. Zoned Business and previously operated as a professional office, the building features exceptional daily traffic counts and prime signage opportunities. Perfect for income-property investors seeking stable holding yield, or commercial end-users looking to secure a prominent footprint today with built-in income prior to owner occupancy.
Features of 106 W State Road
| MLS® # | 12756065 |
|---|---|
| Price | $850,000 |
| Bedrooms | 9 |
| Bathrooms | 0.00 |
| Year Built | 1945 |
| Type | Residential Income |
| Sub-Type | Two to Four Units |
| Status | Active |
| Taxes | $9,760 |
Community Information
| Address | 106 W State Road |
|---|---|
| Area | Island Lake |
| City | Island Lake |
| County | McHenry |
| State | IL |
| Zip Code | 60042 |
Amenities
| Parking Spaces | 15 |
|---|---|
| Parking | Garage Door Opener, Garage, Yes, Garage Owned, Attached, Unassigned, Guest, Parking Lot, Owned |
| # of Garages | 1 |
| Is Waterfront | No |
| New Construction | No |
| Has Pool | No |
Interior
| Heating | Natural Gas |
|---|---|
| Fireplace | No |
| Has Basement | Yes |
| Basement | Finished, Walk-Out Access |
Exterior
| Exterior | Brick, Block |
|---|---|
| Lot Description | Corner Lot |
| Roof | Asphalt |
| Foundation | Block, Concrete Perimeter |
School Information
| District | 118 |
|---|
Additional Information
| Days on Market | 7 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Century 21 Integra |
|---|