Grayslake, IL 60030 18521 W Il Route 120 Highway

18521 W Il Route 120 Highway Grayslake, IL - Image 118521 W Il Route 120 Highway Grayslake, IL - Image 218521 W Il Route 120 Highway Grayslake, IL - Image 3
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18521 W Il Route 120 Highway Grayslake, IL - Image 418521 W Il Route 120 Highway Grayslake, IL - Image 5
Presented By: Baird & Warner
  • MLS# 12513982
  • 11/08/2025
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Home Details

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.
Presented By: Baird & Warner

Interior Features for 18521 W Il Route 120 Highway

Bathrooms

Total Baths

Other Interior Features

BasementCellar
Laundry FeaturesIn Unit

General for 18521 W Il Route 120 Highway

Additional Parcels Y/NNo
CityGrayslake
CountyLake
Current UseAgricultural
DirectionsRoute 120 east of Route 45 on South side of road.
Elementary School District50
High School District121
MLS AreaGages Lake / Grayslake / Hainesville / Third Lake / Wildwood
Middle/Junior School District50
OwnershipFee Simple
PossessionClosing
Property TypeFarm
Property TypeLand
SewerStorm Sewer
Standard StatusActive
StatusActive
Tax Annual Amount7103
Tax Year2024
TownshipWarren
UtilitiesElectric to Site, Natural Gas Available, Sewer Nearby, Water Available
Virtual TourClick here
ZoningAGRIC

Exterior for 18521 W Il Route 120 Highway

Frontage Length1
Frontage TypePublic Road, State Road
Lot Dimensions1168x785x666x683x701x131x259
Lot Size Acres28.01
Road Surface TypeAsphalt
Total Parking0
Water SourceMunicipal Water
Waterfront Y/NNo

Additional Details

Price History

Client Care

Price $1,795,500
MLS#12513982
List Date 11/08/2025
Property Type Farm
Phone 847.485.2500
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