Former Dispensary & Consumption Lounge with Kitchen and License

Highlights

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.

SVN Chicago Commercial is pleased to present Emerald Dispensary, located at 660 E State Street, Island Lake, Illinois, with an 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. Dispensary License sold separately.

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

Discover a vibrant opportunity in the Village of Island Lake, within Lake County, IL. A bustling but close-knit community approximately 42 miles northwest of Chicago. The area boasts excellent visibility and high traffic, making it an ideal spot for investment in a Retail/free-standing building. The property sits on an outlot of the fully-leased Westridge Shopping Center, which includes a diverse mix of retailers, including restaurants, dental, nail salon, pet supply store, and more. Nearby, the Village Park Plaza offers a diverse array of shopping and dining options, while the picturesque Island Lake provides a serene backdrop for leisurely strolls. Positioned within reach of major thoroughfares and less than 7 miles to the Cary Metra Station, this location presents an enticing prospect for investors seeking to tap into the dynamic retail landscape of the NW Suburb of Chicagoland area.

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