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27990 Converse Pky

2,900 SF Office Building Island Lake, IL 60042 $316,100 ($109/SF)

Investment Highlights

  • Offers multiple possibilities, including leasing, live/work arrangements, or land development opportunities.
  • Situated just one building away from Route 176 in Island Lake’s commercial zone, with excellent proximity to other businesses.

Executive Summary

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.  Located 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.

Property Facts

Sale Type
Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
2,900 SF
Building Class
C
Year Built
1954
Price
$316,100
Price Per SF
$109
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
2,900 SF
Building FAR
0.10
Lot Size
0.65 AC
Zoning
Commercial
Parking
12 Spaces (4.14 Spaces per 1,000 SF Leased)

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
09-28-100-020
Land Assessment
$16,004 (2023)
Improvements Assessment
$81,985 (2023)
Total Assessment
$97,989 (2023)
  • Listing ID: 26298429

  • Date on Market: 7/31/2022

  • Last Updated:

  • Address: 27990 Converse Pky, Island Lake, IL 60042

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