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  • $499,000

    18745 W State Highway 120, Grayslake, IL 60030

    --beds
    --baths
    4.48Acres
    Unimproved Land
    Built in ----
    4.48 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    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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    Zillow last checked:

    Listing updated:

    Listed by:

    Danielle Welker 262-914-5694,

    Re/Max Advantage

    Source: MRED as distributed by MLS GRID,MLS#: 12712722MLS Logo

      Facts & features

      Property

      Features
      • Frontage length: 304
      Lot
      • Size: 4.48 Acres
      • Dimensions: 304x670x299x632
      Details
      • Parcel number: 07311000290000
      • Special conditions: None

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Well
      • Utilities for property: Electric to Site, Natural Gas Available, Sewer Nearby, Water Nearby, Cable Available

      Community & HOA

      Location
      • Region: Grayslake

      Financial & listing details

      • Annual tax amount: $12,516
      • Date on market: 7/23/2026
      • Ownership: Fee Simple
      • Electric utility on property: Yes
      • Road surface type: Asphalt

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/23/2026Listed for sale$499,000
        Source: MRED as distributed by MLS GRID #12712722 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 60030

        Getting around

        20 / 100
        Car-Dependent
        30 / 100
        Some Transit
        30 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Warren Township High School
        • Middle: Warren Township High School
        • District: 121

        Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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