Listing provided courtesy of Premier Commercial RealtyMREDas Distributed by MLSGrid- MLS# 12551383MLS Provider

626 E State Road #626-632Island Lake, IL 60042

Commercial
$5,800 Active

626 E State Road #626-632 Overview

Time on Site:
160 days
Visits:
1

Former Banquet Facility 5,800 SF Unit 626-632: 5,800 SF banquet facility is available for immediate occupancy. Gross rent is $5,800/mo ($12. psf with a minimum three-year lease). Current seating capacity is 300+ with 40 tables, all positioned on a terrazzo floor. Space includes a full service bar, stage for band or wedding party, huge dance floor, oversized bathrooms, separate area for coolers and a freezer and several storage /prep areas). All of the furniture, fixtures and equipment are scheduled to be available for the next tenant if the space is leased as another banquet facility. There is a large electronic message board atop the roadside monument sign that is dedicated primarily for use by this facility and the adjoining restaurant. This space incorporates 4 retail spaces ranging from 1,300 to 1,500 SF. The entire space can be downsized into any combination of two, three or four units ranging from 1,300 - 4,500 SF.

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map

626 E State Road #626-632 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 Type: Commercial Lease
  • Zoning: COMMR

Interior

General Information

  • Cooling: Central Air
  • Electric: Service - 0 to 100 Amps
  • Leasable Area: 5800
  • Stories: 1

Unit Information

  • Unit SqFt.: 5800
  • Unit Number: 626-632

Exterior

626 E State Road #626-632 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.

626 E State Road #626-632 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

626 E State Road #626-632 History

Date Event Value Agent
1/25/2026Source: MRED Status Change
Active
1/20/2026Source: MRED Added to Database
January 20, 2026