$1,705,000

18521 W Il Route 120 Highway, Grayslake IL, 60030

Lot size28.01 Acres

Property typeLand

Listed by Benjamin Lovinger with Baird & Warner 847-778-9519

Overview

Active

Listed Nov 8, 2025

Updated Aug 4

Outstanding 28-acre parcel strategically located along highly traveled Route 120, offering excellent visibility, access, and frontage in the heart of Lake County's growth corridor. Zoned General Business (GB) and Shopping Center Business (SCB), this property allows for a wide variety of commercial and mixed-use development opportunities including retail centers, restaurants, medical offices, professional suites, entertainment uses, or potential residential components subject to approvals. Grayslake's business-friendly environment and central location between major regional hubs make this an exceptional opportunity for forward-thinking developers. Utilities are nearby, and surrounding development includes strong national retailers, established residential neighborhoods, and expanding commercial corridors providing a built-in customer base and workforce. A four-bedroom single-family home currently occupies the property and is rented on a month-to-month basis, offering immediate holding income during planning and entitlement. This is one of the few remaining large development sites along Route 120, ideal for investors, builders, and commercial developers seeking scale, flexibility, and high visibility in a thriving market.

Other Property Details

Taxes: $7,103
Tax Frequency: Annually

Listed by Benjamin Lovinger with Baird & Warner 847-778-9519

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