18745 W IL 120 Route Grayslake, IL $ 499,000
18745 W IL 120 Route
$ 499,000
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18745 W IL 120 Route

Grayslake, IL, 60030
$ 499,000
Bedrooms-- Baths--

Monthly Estimate*

$ 3,151

18745 W IL 120 Route, Grayslake, IL 60030 - Image 1
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18745 W IL 120 Route, Grayslake, IL 60030 - Image 11

Commercial Property for sale in Grayslake, IL

for $499,000. This building was built in 1981 on a lot size of 4.48.

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!

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Commercial Active

Price

$ 499,000

Property Type

Commercial

Taxes

$ 12,516

Style

Automotive

Lot Size

4.48

Year Built

1981

Town/City

Grayslake

County/Region

Lake

MLS | Web ID

12712864

Features
General
Cooling Central Air
Zoning OTHER
Year Built 1981
Electric Other
Stories Count 1
Township Warren
Tax Year 2025
Current Use Automotive
Gross Income 0
County Lake
Insurance Expense 0
Property Type Commercial Sale Mixed Use
Status New
Directions Hwy 45 south to Route 120. West on 120to property on North side of the road. - Easiest to use Waukegan Tire in Grayslake address to find this it's directly across the street.
City Grayslake
Number Of Units Total 0
MLS Area Gages Lake / Grayslake / Hainesville / Third Lake / Wildwood
Lot Size Square Feet 195149
Tax Annual Amount 12516
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Standard Status Active
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Exterior
Lot Dimensions 304x670x299x632
Lot Size Acres 4.48
Frontage Type State Road
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* Excluded Features
List By
Re/Max Advantage

Broker

danielleshomes@yahoo.com

Email

Affordability Calculator

$4,194
Per Month
75%
25%
0%
Monthly Principal & Interest
$3,151
Monthly Property Taxes
$1,043
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/23/2026$499,000 Listed Price

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18745 W IL 120 Route, Grayslake, IL, 60030 is a Commercial Property for sale at $499,000 with a lot size of 4.48. 18745 W IL 120 Route was built in 1981. The property's zip code is 60030 which is in Grayslake, IL