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- Description
- Property Details
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Street View
$499,000
Monthly Est:$2,484
-- Bed
-- Bath
4.48acres lot
18745 W Il 120 Route, Grayslake, IL 60030
$499,000
$2,484/moEst:
Get Pre-Approved
Land
Built in -
$-- HOA
4.48 acres lot
$111,384/acre
Description
Exceptional commercial development opportunity on nearly 4.5 acres with 304 feet of frontage on highly traveled IL Route 120 in Grayslake! Zoned General Business (GB), this prime property offers incredible flexibility for a wide variety of commercial, retail, office, service, or mixed-use possibilities (subject to municipal approval). The property currently features a large existing home, along with a working well and septic system, providing immediate functionality while you finalize development plans. Whether you're looking for temporary office space, a business headquarters, or an interim use before redevelopment, the existing structure offers valuable flexibility. City water and sewer are available for future expansion and development. With outstanding visibility, easy access, and a high daily traffic count, this location offers exceptional exposure for your business or investment. Opportunities with nearly 4.5 acres, 304 feet of highway frontage, flexible General Business zoning, and city utilities available are becoming increasingly rare. Bring your vision and capitalize on one of Grayslake's premier commercial corridors!
- Houzeo last checked: 12 hours ago
- Listing updated: October 19, 2026 at 4:38 pm
- Listing Provided by: Danielle Welker (262) 914-5694 | Re/Max Advantage (847) 395-3000
- Source: MRED MLS-IL | MLS#: 12712722
Property Details
Status
Active Under Contract
Type
Land
No. of Stories
-
County
City
Neighborhood
--
Year Built
-
HOA Fees
-
Finished Area
- sqft
Lot Size
4.48 acres lot
Basement Area
- sqft
MLS Name
MRED MLS
MLS Number
12712722
MLS Status
Contingent
Days on Market
92
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathroom: --
Interior
Sewer
Septic Tank
Utilities & Energy
Water Source
Well
Utilities
Electric To Site, Natural Gas Available, Sewer Nearby, Water Nearby, Cable Available
Price History
| Date | Event | Price |
|---|---|---|
10/19/2026 Source: | Contingent (Active Under Contract) | $499,000 $0/sqft |
07/23/2026 Source: | Listed for Sale | $499,000 $0/sqft |
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This representation is based in whole or in part on data supplied by Midwest Real Estate Data, LLC through Oct 23, 2026, 08:45PM. 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 Oct 23, 2026, 08:45PM. 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. 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
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