27990 N Converse Road Island Lake, IL $ 316,100
27990 N Converse Road
$ 316,100
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27990 N Converse Road

Island Lake, IL, 60042
$ 316,100
Baths0.0 Sq 2,725

Monthly Estimate*

$ 2,101

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Studio

Commercial Property for sale in Island Lake, IL

for $316,100. This 2,725 square foot building was built in 1954 on a lot size of 0.560009.

Seller Financing Available!!! An excellent opportunity presents itself with multiple options for use! Currently a house with a separate office building and plenty of land, you can purchase to lease, to live and work and build, or as a land development! The property is in great condition and currently houses a music store and a residential tenant. Free standing office building includes showroom/reception area, two small offices in front, two bathrooms, 3 storage rooms that can be converted to office spaces, and one larger coworking space with separate exterior door. House has 2 bedrooms and 1.5 bathrooms and is 900 sf. Prime location one building away from 176 in the commercial zone, you are in excellent proximity to the other businesses in Island Lake. Neighboring property is also for sale and an option for a larger development opportunity. Parking lot can house approximately 12 cars.

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Commercial Active

Price

$ 316,100

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 8,080

Style

Commercial

Lot Size

0.560009

Year Built

1954

Town/City

Island Lake

County/Region

Lake

MLS | Web ID

11958698

Features
General
Cooling Central Air Window Unit(s)
Zoning COMMR
Construction Materials Brick Wood Frame
Year Built 1954
Electric Circuit Breakers Service - 101 to 200 Amps
Tenant Pays Electricity Heat Sewer
Stories 1
Township Wauconda
Property SubType Mixed Use
Tax Year 2021
Current Use Commercial
Gross Income 0
County Lake
Net Operating Income 0
Operating Expense 0
Insurance Expense 193
Property Type Commercial Sale Mixed Use
Possible Use Commercial Office and Research
Status Active
Directions RTE 12 & RTE 176 W TO CONVERSE SOUTH TO # 1ST BLDG ON RIGHT
City Island Lake
NumberOfUnitsTotal 2
MLS Area Island Lake
Lot Size Square Feet 24394
Street Name Converse
Tax Annual Amount 8080
Electric Expense 128
Fuel Expense 140
Trash Expense 50
Water Sewer Expense 83
Additional Parcels Y/N N
Days on Market 7
Lease Type Gross
Standard Status Active
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Interior
Flooring Varies
Street Suffix Road
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 2725
Lot Dimensions 100X230
Frontage Type Public Road
Exterior Vinyl Siding Brick Cedar
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* Excluded Features
List By
Compass

Broker

lisarabeteamrealty@gmail.com

Email

Affordability Calculator

$2,774
Per Month
76%
24%
0%
Monthly Principal & Interest
$2,101
Monthly Property Taxes
$673
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/9/2024$316,100 Listed Price

Map


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27990 N Converse Road, Island Lake, IL, 60042 is a Commercial Property for sale at $316,100 with 2,725 sqft and a lot size of 0.560009. 27990 N Converse Road is a studio with 0.0 baths and was built in 1954. The property's zip code is 60042 which is in Island Lake, IL