18521 W Il Route 120 HWY new Save Request In-Person Tour Request Virtual Tour
Grayslake,IL 60030
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12513982
Annual Tax Amount $7,103
Tax Year 2024
Lot Size 28.010 Acres
Lot Dimensions 1168x785x666x683x701x131x259
Property Sub-Type Land
Property Description
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.
Location
State IL
County Lake
Area Gages Lake / Grayslake / Hainesville / Third Lake
Zoning AGRIC
Rooms
Basement Cellar
Interior
Fireplace N
Laundry In Unit
Exterior
Utilities Available Electric to Site,Natural Gas Available,Sewer Nearby,Water Available
Building
Dwelling Type Land
Sewer Storm Sewer
Water Municipal Water
Schools
School District 50 ,50, 121
Others
Ownership Fee Simple
Special Listing Condition None
Virtual Tour https://mls.kuu.la/share/collection/7HhZ5?fs=1&vr=1&sd=1&initload=0&thumbs=1