640 E State Road 640-642, Island Lake, IL 60042

Property Description

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.

Listing Status:

Active

Data Last Updated:

February 16, 2026 at 2:19AM

Listing Office:

Premier Commercial Realty : 815-814-6500

Listing Agent:

Michael Deacon : 815-814-6500

MLS ID:

12544092

Interior

• A/C: Central Air

Location

• HOA Amenities: Not Applicable
• Originating MLS: mred
• County: McHenry

Lot

• Zoning: COMMR

Utilities

• Utilities: Service - 0 to 100 Amps

Financial

• Source: mred