Listing provided courtesy of Premier Commercial RealtyMREDas Distributed by MLSGrid- MLS# 12544092MLS Provider

640 E State Road #640-642Island Lake, IL 60042

Commercial
$4,700 Active

640 E State Road #640-642 Overview

Time on Site:
171 days
Visits:
2

Unit 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 indoor seating arrangement allows for 60+ dining customers, and the seasonal outdoor patio has 20 more seats. 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 restaurants furniture, fixtures and equipment are scheduled to be available for the next tenant. There is a large electronic message board atop the roadside monument sign that is dedicated primarily for use by the restaurant and the adjoining banquet facility. 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.

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640 E State Road #640-642 Facts & Features

  • Type Commercial

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable

Income/Expenses

  • Existing Lease Type: Gross
  • Net Operating Income: 0

Building Information

  • Year Built: 1997

Location/Region

  • County Or Parish: McHenry
  • MLS Area Major: Island Lake

Rent/Lease Information

  • Tenant Pays: All Utilities

Tax Information

  • Tax Annual Amount: $0.00
  • Tax Year: 2024

General Information

  • Property Sub Type: Restaurant
  • Property Type: Commercial Lease
  • Zoning: COMMR

Interior

General Information

  • Cooling: Central Air
  • Electric: Service - 0 to 100 Amps
  • Leasable Area: 3000
  • Stories: 1

Unit Information

  • Unit SqFt.: 3000
  • Unit Number: 640-642

Exterior

640 E State Road #640-642 Neighborhood

Community

60042 (Island Lake) Demographics

42
Median Age
1,679
Population Density (per sq. mile)
38%
College Educated
$82,601
Estimated Median Income
2,510
Estimated Total Home Owners
648
Estimated Total Renters
79% / 21%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

640 E State Road #640-642 Market Data

Based on the last 30 days in this zip code

$405,014
Average List Price
$213
Average Price per Square Foot
20
Properties Sold
52
Average Days on Market
28
Properties for Sale
Calculations provided by Reliance Network

640 E State Road #640-642 History

Date Event Value Agent
1/14/2026Source: MRED Status Change
Active
1/9/2026Source: MRED Added to Database
January 09, 2026