LKV Realty
Logo
$499,000
$2,400Reward *
18745 W IL 120 Route, Grayslake, IL 60030Listing ID 12712722

18745 W IL 120 Route, Grayslake, IL 60030

Active
Gages Lake / Grayslake / Hainesville / Third Lake / Wildwood
Time on site: 26 daysLast updated: Jul 29, 2026
Property Type
Property Type
Land
Property Sub Type
Property Sub Type
-
Acres
Acres
4.48
Days on Site
Days on Site
27

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!

Property Information

Property Details

Location

Address
18745 W IL 120 Route
County
Lake
City
Grayslake
Zip Code
60030
Subdivision
Gages Lake / Grayslake / Hainesville / Third Lake / Wildwood
School District
127
Elementary School
Warren Township High School
MLS Area
Gages Lake / Grayslake / Hainesville / Third Lake / Wildwood

Financial

Special Conditions
None

Property Taxes

Tax Annual Amount
$12,516
Tax Year
2025
Re/Max Advantage, (847) 395-3000

Market Report for 60030

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: MRED
MRED logo

Based on information submitted to the MLS GRID as of 18 Aug 2026, 12:34 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

For corrections to this data please contact Brytecore MLS Support.

MRD21103