- Overview
- Description
- Property Details
- Location
- Facts & Features
- Getting Around
- Nearby Homes
Street View
$1,705,000
Monthly Est:$8,486
-- Bed
-- Bath
28.01acres lot
18521 W Il Route 120 Hwy, Grayslake, IL 60030
$1,705,000
$8,486/moEst:
Get Pre-Approved
Farm
Built in -
$-- HOA
28.01 acres lot
$60,871/acre
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.
- Houzeo last checked: 7 minutes ago
- Listing updated: November 9, 2026 at 5:04 pm
- Listing Provided by: Benjamin Lovinger (847) 778-9519 , Jill Lovinger DRE #475198374 | Baird & Warner (847) 367-1855
- Source: MRED MLS-IL as distributed by MLS GRID | MLS#: 12513982
Property Details
Status
Active Under Contract
Type
Land
No. of Stories
-
County
City
Neighborhood
--
Year Built
-
HOA Fees
-
Finished Area
- sqft
Lot Size
28.01 acres lot
Basement Area
- sqft
MLS Name
MRED MLS
MLS Number
12513982
MLS Status
Contingent
Days on Market
368
Continue Your Journey in App
Find your dream home, receive real-time updates, and many more!
Continue Your Journey in App
Find your dream home, receive real-time updates, and many more!
Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathroom: --
Interior
Sewer
Storm Sewer
Utilities & Energy
Basement
Cellar
Water Source
Municipal Water
Utilities
Electric To Site, Natural Gas Available, Sewer Nearby, Water Available
Laundry Features
In Unit
Price History
| Date | Event | Price |
|---|---|---|
11/09/2026 Source: | Contingent (Active Under Contract) | $1,705,000 $0/sqft |
11/01/2026 Source: | Listing Removed | $1,705,000 $0/sqft |
07/28/2026 Source: | Price Decreased | $1,705,000 -5.04% $0/sqft |
05/06/2026 Source: | Price Decreased | $1,795,500 -5.00% $0/sqft |
11/08/2025 Source: | Listed for Sale | $1,890,000 -42.73% $0/sqft |
Show more
Nearby Homes
Find Homes by Property Features in Grayslake, IL
Nearby New Homes For Sale
This representation is based in whole or in part on data supplied by Midwest Real Estate Data, LLC through Nov 12, 2026, 02:15PM. Midwest Real Estate Data, LLC does not guarantee nor is it in any way responsible for its accuracy. Data maintained by Midwest Real Estate Data LLC may not reflect all real estate activity in the market. Based on information submitted to the MLS GRID as of Nov 12, 2026, 02:15PM. All data is obtained from various sources and has not been, and will not be, verified by broker or MLS GRID. Supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Some IDX listings have been excluded from this website. Information is provided exclusively for consumers’ personal non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID, MRED or Houzeo. The use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS, if any, and as amended from time to time. Properties displayed may be listed or sold by various participants in the MLS, Listings courtesy of MRED as distributed by MLS GRID. ©2026 Midwest Real Estate Data LLC. All Rights Reserved
Advertising Broker: Jorge Romero | Realty One Group Inc.
