26155 W IL Route 120 Grayslake, IL ^$ 3,995,000

26155 W IL Route 120

^$ 3,995,000

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26155 W IL Route 120

Grayslake, IL, 60030

^$ 3,995,000

Studio Baths0.0

Monthly Estimate*

^$ 24,924

26155 W IL Route 120, Grayslake, IL 60030 - Image 1

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26155 W IL Route 120, Grayslake, IL 60030 - Image 9

26155 W IL Route 120, Grayslake, IL 60030 - Image 10

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Studio

Farms/Ranches for sale in Grayslake, IL

for $3,995,000. The lot size is 30.53.

Grayslake Corner acreage with traffic signal. Over 30 acre site could be re zoned for convenience store with fuel, medical, professional office, light industrial, corporate headquarters, multi family, senior housing. All subject to review and approval by Village of Grayslake. Located just north of the 1.3 million square foot Medline (Grayslake's largest employer) and the planned multi billion dollar T5 Data Center. Just minutes from the METRA, Grayslake Village Center, parks and recreation. Seller will consider subdividing site. Hard corner can be carved off. Currently being farmed. Bordered by Rt. 120/Alleghany/railroad. Walk at own risk and do not damage crops.

Farms/Ranches Active

Price

^$ 3,995,000

Bedrooms

Studio

Property Type

Farms/Ranches

Taxes

^$ 1,208

Style

Agricultural

Lot Size

30.53

Town/City

Grayslake

County/Region

Lake

MLS | Web ID

12315465

Features

General

Utilities Electricity Available Natural Gas Available Sewer Nearby Water Nearby

Possession Closing

Zoning SINGL

Township Avon

Tax Year 2023

Current Use Agricultural

Ownership Fee Simple

Additional Parcels Description 06341000400000

County Lake

Property Type Farm Land

Possible Use Commercial Industrial Multi-Family Single Family Retail

Status Active

Directions From I-94 and Route 120 west to south west corner of Alleghany and Rt. 120. From Rt 12 and Rt. 120 go east to south west corner of Alleghany and Rt. 120

High School Grayslake Central High School

City Grayslake

High School District 127

MLS Area Gages Lake / Grayslake / Hainesville / Third Lake

Elementary School Prairieview School

Tax Annual Amount 1208.28

Middle/Junior High School Grayslake Middle School

Additional Parcels Y/N Y

Standard Status Active

Middle/Junior School District 46

Elementary School District 46

Interior

Basement None

Total Baths 0

Exterior

Water Source Municipal Water

Total Parking 0

Lot Dimensions 785X37X610X740X910X405X1315

Lot Size Acres 30.53

Road Surface Type Asphalt

Frontage Length 1309

Frontage Type Signal Intersection

Waterfront Y/N N

* Excluded Features

List By

Robert E. Frank Real Estate

Broker

robertefrankrealestate@gmail.com;Landman5263@aol.com

Affordability Calculator

$25,024

Per Month

Monthly Principal & Interest: $24,924
Monthly Property Taxes: $101
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Farm listings in Grayslake, IL

Average List Price ^$2,837,500

Percent of Sale Price 29%

About Grayslake, IL

21,601 Population

11% Since 2002

^$83,281 Median Income

38.81 Median Age

37% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1539771 Elementary School

566966 Middle School

Grayslake Central High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/24/2025	$3,995,000		Listed Price

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26155 W IL Route 120, Grayslake, IL, 60030 is a Farms/Ranches for sale at $3,995,000 with a lot size of 30.53. 26155 W IL Route 120 is a studio with 0.0 baths. The property's zip code is 60030 which is in Grayslake, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 12/18/2025.

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26155 W IL Route 120

Farms/Ranches for sale in Grayslake, IL

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