18521 W Il Route 120 Highway Grayslake, IL $ 1,890,000
18521 W Il Route 120 Highway
$ 1,890,000
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18521 W Il Route 120 Highway

Grayslake, IL, 60030
$ 1,890,000
Baths0.0

Monthly Estimate*

$ 11,791

18521 W Il Route 120 Highway, Grayslake, IL 60030 - Image 1
18521 W Il Route 120 Highway, Grayslake, IL 60030 - Image 2
18521 W Il Route 120 Highway, Grayslake, IL 60030 - Image 3
18521 W Il Route 120 Highway, Grayslake, IL 60030 - Image 4
18521 W Il Route 120 Highway, Grayslake, IL 60030 - Image 5
18521 W Il Route 120 Highway, Grayslake, IL 60030 - Image 6
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Studio

Farms/Ranches for sale in Grayslake, IL

for $1,890,000. The lot size is 28.01.

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.

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Farms/Ranches Active

Price

$ 1,890,000

Bedrooms

Studio

Property Type

Farms/Ranches

Taxes

$ 7,103

Style

Agricultural

Lot Size

28.01

Town/City

Grayslake

County/Region

Lake

MLS | Web ID

12513982

Features
General
Sewer Storm Sewer
Utilities Electric to Site Natural Gas Available Sewer Nearby Water Available
Possession Closing
Zoning AGRIC
Township Warren
Tax Year 2024
Current Use Agricultural
Ownership Fee Simple
County Lake
Property Type Farm Land
Status Active
Directions Route 120 east of Route 45 on South side of road.
City Grayslake
High School District 121
MLS Area Gages Lake / Grayslake / Hainesville / Third Lake
Tax Annual Amount 7103
Additional Parcels Y/N N
Virtual Tour https://listings.hapiphotography.com/videos/019a2b04-b41f-72cf-9328-29f76986da8c?v=91
Standard Status Active
Middle/Junior School District 50
Elementary School District 50
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Interior
Basement Cellar
Laundry Features In Unit
Total Baths 0
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Exterior
Water Source Municipal Water
Total Parking 0
Lot Dimensions 1168x785x666x683x701x131x259
Lot Size Acres 28.01
Road Surface Type Asphalt
Frontage Length 1
Frontage Type Public Road State Road
Waterfront Y/N N
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* Excluded Features
List By
Baird & Warner

Broker

Ben.Lovinger@bairdwarner.com

Email

Affordability Calculator

$12,383
Per Month
95%
5%
0%
Monthly Principal & Interest
$11,791
Monthly Property Taxes
$592
Monthly 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
566844 Elementary School
566405 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/8/2025$1,890,000 Listed Price

Map


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18521 W Il Route 120 Highway, Grayslake, IL, 60030 is a Farms/Ranches for sale at $1,890,000 with a lot size of 28.01. 18521 W Il Route 120 Highway is a studio with 0.0 baths. The property's zip code is 60030 which is in Grayslake, IL