O'Neil Property Group

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$675,000
54 Days On Site

106 W State Road
Island Lake, IL 60042

For Sale|Multi Family|Active
9
Beds
6
Total Baths
1945
Built
County:
McHenry
Listing Courtesy of MRED as distributed by MLS Grid of Century 21 Integra
106 W State Road106 W State Road106 W State Road106 W State Road
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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. HIGHLY MOTIVATED SELLER. OFFERS WELCOME.

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Listing Snapshot
PriceΒ 
$675,000
Days On SiteΒ 
54 Days
BedroomsΒ 
9
Inside Area (SqFt)Β 
N/A
Total BathsΒ 
6
Full BathsΒ 
N/A
Partial BathsΒ 
N/A
Lot SizeΒ 
N/A
Year BuiltΒ 
1945
MLS NumberΒ 
12756065
StatusΒ 
Active
Property TaxΒ 
$9,760
HOA/Condo/Coop FeesΒ 
N/A
Sq Ft SourceΒ 
N/A
Friends & Family
Recent Activity
5 days agoListing updated with changes from the MLS
5 days agoPrice changed to $675,000
5 days agoStatus changed to Active
2 months agoListing first seen on site
General Features
Attached GarageΒ 
Yes
FoundationΒ 
BlockConcrete Perimeter
GarageΒ 
Yes
Garage SpacesΒ 
1
ParkingΒ 
Garage Door OpenerGarageAttachedUnassignedGuestParking Lot
Parking SpacesΒ 
15
Property Sub TypeΒ 
Multi Family
SewerΒ 
Public Sewer
Water SourceΒ 
Public
Interior Features
BasementΒ 
FinishedWalk-Out Access
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Exterior Features
Construction DetailsΒ 
BrickBlock
Lot FeaturesΒ 
Corner Lot
RoofΒ 
Asphalt
Community Features
MLS AreaΒ 
Island Lake
School DistrictΒ 
118
TownshipΒ 
Nunda
Schools
School District
118
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing Courtesy of MRED as distributed by MLS Grid of Century 21 Integra



Based on information submitted to the MLS GRID as of 2026-11-05 06:08 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2026-11-05 06:08 AM UTC
MRED DMCA Copyright Information Copyright Β© 2026 Midwest Real Estate Data LLC. All rights reserved.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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