640-642 E State Rd. (Route 176)

640-642 E State Rd. (Route 176), Island Lake, IL 60042

Property Information

  • For Lease $18.80/SF/YR
  • Property Type Retail - Street Retail
  • Property Size 21,300 SF
  • Year Built 1997
  • Date Updated Jan 20, 2026

Description

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

1 Space Available

640-642

Space Type

Retail

Lease Rate

$18.80/SF/YR

Total Space

3,000 SF

Divisible Space

3,000 - 3,000 SF

Available Date

Immediate

Lease Type

Full Service

Renewal Option

Yes

Sublease

No

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.

Contacts

Mike Deacon

Premier Commercial Realty

Location

Contact Listing Broker
Mike Deacon

Premier Commercial Realty

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