$850,000

106 W State Road, Island Lake, IL 60042

Active
9 beds 0 baths Built 1945 Residential Income MLS #MRD12756065 1 days on market
Listing courtesy of Century 21 Integra · 815-344-1033 · frontdesk.mchenry@gmail.com · MLS #MRD12756065 · Status: Active
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.

Property details

Interior

Basement
Finished, Walk-Out Access
Total rooms
27

Building & exterior

Age
81-90 Years
Exterior
Brick, Block
Roof
Asphalt
Foundation
Block, Concrete Perimeter

Parking

Garage spaces
1
Total spaces
15
Parking details
Garage Door Opener, Garage, Yes, Garage Owned, Attached, Unassigned, Guest, Parking Lot, Owned

Lot & location

Lot dimensions
11863
Lot description
Corner Lot
Township
Nunda
County
McHenry

Utilities

Heating
Natural Gas
Water
Public
Sewer
Public Sewer

Schools

Elementary
(118)
Junior high
(118)
High school
(118)

Taxes & terms

Annual taxes
$9,760 (2025)
Parcel number (PIN)
1520477020
PIN
1520477020
Ownership
Fee Simple
Possession
Closing
Special conditions
List Broker Must Accompany
Listed
9/11/2026

What would this home cost per month?

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Estimated monthly payment
$0
Principal & interest
Property taxes
Insurance
PMI (under 20% down)
HOA / assessments

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Location

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Recently sold nearby

AddressBeds / BathsSoldPrice
3815 Midway Drive 4 bd / 2 ba Jul 2026 $275,000
3819 Woodlawn Drive 1 bd / 1 ba Nov 2025 $220,000
218 Southern Terrace 1 bd / 1 ba Jul 2026 $139,500
233 S Shore Drive 3 bd / 2 ba Jun 2026 $355,000

Sold data courtesy of MRED as distributed by MLS GRID; properties may be listed or sold by various participants in the MLS.

Similar homes nearby

$799,900
5 bd · 3 ba · 2,800 sqft
3613 Brierhill Drive, Island Lake, IL 60042
$795,000
3 bd · 2 ba · 1,400 sqft
4909 Wildwood Drive, McHenry, IL 60051
$729,900
3 bd · 2 ba · 2,009 sqft
1225 Noble Drive, Port Barrington, IL 60010
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Listings courtesy of MRED as distributed by MLS GRID. MLS GRID

Based on information submitted to the MLS GRID as of 2026-09-12 06:25:02. 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. Properties displayed may be listed or sold by various participants in the MLS.

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