18745 W IL 120 Route, Grayslake, IL 60030

Active · For Sale · Land

$499,000

18745 W IL 120 Route, Grayslake, IL 60030

Property Overview

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!

Investor Resource

Property Intelligence

Financial Snapshot

Annual Taxes
$12,516 (2025)

Property Details

Lot Acreage
4.48
Lot Dimensions
304x670x299x632
Parcel Number
07311000290000

Operations & Utilities

Water Source
Well
Utilities
Electric to Site, Natural Gas Available, Sewer Nearby, Water Nearby, Cable Available
Possession
Closing

Location & Use

County
Lake
Market Area
Gages Lake / Grayslake / Hainesville / Third Lake
Township
Warren
Present Use
Estate
Frontage
Public Road

Reported figures come from the listing source. When shown, estimated NOI and cap rate use reported income and expenses; estimated GRM uses asking price and reported income. All figures should be independently verified.