Former Dispensary & Consumption Lounge with Kitchen and License

Discover a vibrant opportunity in the Village of Island Lake, within Lake County, IL. A bustling but close-knit community approximately 42 miles northwest of Chicago. The area boasts excellent visibility and high traffic, making it an ideal spot for investment in a Retail/free-standing building. The property sits on an outlot of the fully-leased Westridge Shopping Center, which includes a diverse mix of retailers, including restaurants, dental, nail salon, pet supply store, and more. Nearby, the Village Park Plaza offers a diverse array of shopping and dining options, while the picturesque Island Lake provides a serene backdrop for leisurely strolls. Positioned within reach of major thoroughfares and less than 7 miles to the Cary Metra Station, this location presents an enticing prospect for investors seeking to tap into the dynamic retail landscape of the NW Suburb of Chicagoland area.SVN Chicago Commercial is pleased to present Emerald Dispensary, located at 660 E State Street, Island Lake, Illinois, an owner/user opportunity in the northwest Chicago suburban market. This former bank property is +/-10,384 SF, fully renovated, free-standing retail building on an outlot with 203' of frontage on Route 176 (17,258 VPD). Modernized in 2023 with designer-grade finishes, a two-story mural, mechanical systems, and formerly occupied by Emerald Dispensary with award-winning Northern Heights craft cannabis brand. The company retails premium cannabis products, concentrates, edibles, wellness products, and accessories for both medical and recreational consumers. New dispensary license included. A members-only lower-level consumption lounge offers a limited food menu and private entertainment rooms. Turnkey Cannabis Cultivation Farm Property sold separately.SVN Chicago Commercial is pleased to present Emerald Dispensary, located at 660 E State Street, Island Lake, Illinois, with an opportunity in the northwest Chicago suburban market. This former bank property is +/-10,384 SF, fully renovated, free-standing retail building on an outlot with 203' of frontage on Route 176 (17,258 VPD). Modernized in 2023 with designer-grade finishes, a two-story mural, mechanical systems, and formerly occupied by Emerald Dispensary with award-winning Northern Heights craft cannabis brand. The company retails premium cannabis products, concentrates, edibles, wellness products, and accessories for both medical and recreational consumers. Dispensary License sold separately. A members-only lower-level consumption lounge offers a limited food menu and private entertainment rooms. Turnkey Cannabis Cultivation Farm Property sold separately.