18521 W Il Route 120 Highway, Grayslake, IL

$1,705,000

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28.01

Acres

About 18521 W Il Route 120 Highway

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.

Features of 18521 W Il Route 120 Highway

MLS® # 12513982
Price $1,705,000
Bathrooms 0.00
Acres 28.01
Type Farm
Sub-Type Land
Status Active
Taxes $7,103

Community Information

Address 18521 W Il Route 120 Highway
Area Gages Lake / Grayslake / Hainesville / Third Lake / Wildwood
City Grayslake
County Lake
State IL
Zip Code 60030

Amenities

Is Waterfront No
New Construction No
Has Pool No

Interior

Fireplace No
Has Basement Yes
Basement Cellar

School Information

District 121

Additional Information

Days on Market 269
Zoning AGRIC
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeBaird & Warner

Listing Map

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