106 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. HIGHLY MOTIVATED SELLER. OFFERS WELCOME.
Listing Information
Facts & Features
Location
Community Information
Architecture
Property Features
Tax & Financial Information
Schools
Prairie Grove Junior High School
Prairie Grove Elementary School
Cary-Grove Community High School
Wauconda Middle School
Cotton Creek School
Robert Crown School
Wauconda Grade School
Oak Knoll Early Childhood Center
School ratings are provided for informational purposes only and are subject to change. Attendance boundaries are for reference only — contact the school or district directly to verify enrollment eligibility.
Historical Data
Price History
| Date | Event | Price |
|---|---|---|
| 10/31/2026 | Price change | $675,000 |
| 09/11/2026 | Listed for sale | $850,000 |
Listed by Kelly Vance · Century 21 Integra · 8153441033
Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Copyright 2026, Midwest Real Estate Data (MRED). All rights reserved.
Last Updated: October 31, 2026 at 4:08 PM | Source: Midwest Real Estate Data (MRED) | MLS#: 12756065
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