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32976116
32976125

660 E State Rd, Island Lake, IL 60042 For Sale

SVN | Chicago Commercial
Listed by SVN | Chicago Commercial
$3,900,000
133 days on market
Updated 15 days ago

Former Dispensary & Consumption Lounge with Kitchen &License

Details
APN 09-28-204-012
Property Type Retail
Sub Type Freestanding, Speciality
Square Footage 10,600
Units 1
Class A
Year Built 1999
Year Renovated 2018
Buildings 1
Stories 1
Acreage 0.740
Zoning GB (general business)
Investment Type Owner/User
Ground Lease No

Former Dispensary & Consumption Lounge with Kitchen & License

Marketing description

SVN Chicago Commercial is pleased to present Emerald Dispensary, located at 660 E State Street, Island Lake, Illinois, an owner/user opportunity in the northwest Chicago suburban market. This former bank property is +/-10,384 SF, fully renovated, free-standing retail building on an outlot with 203' of frontage on Route 176 (17,258 VPD).

Modernized in 2023 with designer-grade finishes, a two-story mural, mechanical systems, and formerly occupied by Emerald Dispensary with award-winning Northern Heights craft cannabis brand. The company retails premium cannabis products, concentrates, edibles, wellness products, and accessories for both medical and recreational consumers. New dispensary license included.

A members-only lower-level consumption lounge offers a limited food menu and private entertainment rooms. Turnkey Cannabis Cultivation Farm Property sold separately.

Investment highlights

  • ±10,384 SF Class A Retail Building Redesigned in 2023
  • High-End Turn-key Dispensary & Consumption Lounge
  • Designer-grade finishes | Kitchen | Elevator
  • Offices | 4 Restrooms | Breakroom Kitchenette
  • DID | Storage | Upgraded HVAC System
  • High-Visibility | 203' Frontage on RT 176 | Parking

Listing Contacts

SVN | Chicago Commercial
Listed by SVN | Chicago Commercial

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Additional Information

Name
Karen Kulczycki-CCIM, SIOR
License
IL #471-020279
Brokerage Phone
630-330-3352
Brokerage Address
940 West Adams Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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