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Active - Other for sale
Island Lake, IL
Facts & features
Why you’ll love it
Former Banquet Facility 5,800 SF Unit 626-632: 5,800 SF banquet facility is available for immediate occupancy. Gross rent is $5,800/mo ($12. psf with a minimum three-year lease). Current seating capacity is 300+ with 40 tables, all positioned on a terrazzo floor. Space includes a full service bar, stage for band or wedding party, huge dance floor, oversized bathrooms, separate area for coolers and a freezer and several storage /prep areas). All of the furniture, fixtures and equipment are scheduled to be available for the next tenant if the space is leased as another banquet facility. There is a large electronic message board atop the roadside monument sign that is dedicated primarily for use by this facility and the adjoining restaurant. This space incorporates 4 retail spaces ranging from 1,300 to 1,500 SF. The entire space can be downsized into any combination of two, three or four units ranging from 1,300 - 4,500 SF.
Listed by: Michael Deacon • Premier Commercial Realty
Co-listed by: Premier Commercial Realty
Source: MRED as distributed by MLS GRID, MLS#: 12551383
Based on information as of Sep 02, 2026 at 06:22pm EDT.
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Affordability
$0/mo
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- Property tax$0
- HOA fee
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Beycome estimates only. Actual amounts and terms vary by lender and location.
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About Island Lake
AI-generated overview for informational purposes only.
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Flood & climate risk
FEMA Flood Zone X
Outside the high-risk Special Flood Hazard Area — flood insurance is usually optional but still worth considering.
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Source: FEMA National Flood Hazard Layer. Confirm on the FEMA Flood Map.
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Disclaimer
Midwest Real Estate Data (MRED) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Midwest Real Estate Data may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2026 All rights reserved.
Based on information submitted to the MLS GRID as of Sep 02, 2026 at 06:22pm EDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
