626-632 E. State Rd. (Route 176)

626-632 E. State Rd. (Route 176), Island Lake, IL 60042

Property Information

  • For Lease $12.00/SF/YR
  • Property Type Retail - Street Retail
  • Property Size 21,300 SF
  • Parking Spaces Avail. 110
  • Year Built 1997
  • Date Updated Jan 20, 2026

Description

1/2 mile east of Island Lake on Route 176Former 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.

1 Space Available

626-632

Space Type

Retail

Lease Rate

$12.00/SF/YR

Total Space

5,800 SF

Divisible Space

1,300 - 5,800 SF

Available Date

Immediate

Lease Type

Full Service

Renewal Option

Yes

Sublease

No

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.

Contacts

Mike Deacon

Premier Commercial Realty

Location

Contact Listing Broker
Mike Deacon

Premier Commercial Realty

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