18521 W Il Route 120 Highway
Grayslake, IL, 60030
$1,795,500
Beds
0 Baths
0 SqFt
28.01 Acres
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MLS #MRD12513982 image #0
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.

Property Details

Price:
$1,795,500
MLS #:
MRD12513982
Status:
Active
Beds:
0
Baths:
0
Type:
Ranch
Neighborhood:
gageslakegrayslakehainesvillethirdlakewildwood
Listed Date:
Nov 8, 2025
Gages Lake / Grayslake / Hainesville / Third Lake / WildwoodGageslakegrayslakehainesvillethirdlakewildwood

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Schools

School District:
121

Interior

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Financial

Tax Year
2024
Taxes
$7,103

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Community

Market Summary

Current real estate data for Ranch in Grayslake as of Jun 19, 2026
4
Ranch Listed
599
Avg DOM
$2,735,125
Avg List Price

Property Summary

    18521 W Il Route 120 Highway Grayslake IL is a Ranch for sale in Grayslake, IL, 60030. It is listed for $1,795,500

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