640 E State Road #640-642 — Island Lake, IL 60042
Active
Island Lake, IL 60042

640 E State Road #640-642

$0
0 beds · 0 baths
107 days on market $0/yr taxes
01About this home

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.

02Inside the home
03By the numbers
$0
List price
Square feet
Bedrooms
Bathrooms
1997
Year built
Lot size
Garage spaces
$0
Annual taxes
Retail/Stores
Style
107
Days on market
04Features
Cooling
Central Air
05Neighborhood
  • McDonald's 200 ft
  • Subway 200 ft
  • Nancy's Pizza 400 ft
  • Bella Luke's 0.9 mi
  • Sideouts 0.9 mi
  • All Inn Pub and Grub 0.9 mi
  • 7-Eleven 400 ft
  • BP Shop 1.0 mi
  • Lomeli's Fresh Market 1.0 mi
  • McDonald's PlayPlace 150 ft
  • Veteran's Park 0.3 mi
  • Maple Ridge Park 0.3 mi
  • Converse Park 1.3 mi
  • Dunkin' 250 ft
POI data via Mapbox · OpenStreetMap contributors
06History

Every event we have for this address, straight from the MLS.

Jan 9, 2026
Listed for saleThis listing
Premier Commercial Realty
Sourced from MRED. Older events appear here as our history backfill completes.
07Ask Dwello

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08See it for yourself

Stand in the kitchen.
See the light at 4pm.

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Connect with Ewelina, Anna, or Nadeem — real people on our team, no call centers.
09Similar homes
Listed by Premier Commercial Realty · Michael Deacon · 815-814-6500
MLS data provided through MLS GRID · MRED MLS · MLS# MRD12544092
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