18521 W Il Route 120 Highway, Grayslake, IL 60030
Local realty services provided by:Better Homes and Gardens Real Estate Connections
Listed by: benjamin lovinger, jill lovinger
Office: baird & warner
MLS#:12513982
Source:MLSNI
Price summary
- Price:$1,890,000
About this home
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.
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Home facts
- Listing ID #:12513982
- Added:2 day(s) ago
- Updated:November 11, 2025 at 12:01 PM
Structure and exterior
- Lot area:28.01 Acres
Finances and disclosures
- Price:$1,890,000
- Tax amount:$7,103 (2024)
Copyright 2025 Midwest Real Estate Data LLC. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Listing information is deemed reliable but not guaranteed.New listings near 18521 W Il Route 120 Highway
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