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$1,890,000

18521 W Il Route 120 Highway
Grayslake, Illinois 60030

Active / MLS #12513982 / Farm / Grayslake
Listing information updated 11/14/2025 at 6:03am
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.
Basement:
Cellar
Pool:
No
Water Front:
No
Square Feet:
N/A
Lot Size:
25.0-99.99 Acres
Acreage:
28.01
Tax Amount:
$7,103
Tax Year:
2024
Zip Code:
60030
City:
Grayslake
County:
Lake
School District(s):
50, 121
Elementary School:
N/A
Middle School:
N/A
High School:
N/A

Listing Office: Baird & Warner

Listing Office Phone: 847.367.1855

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 11/14/2025 at 6:03am. 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 listings have been excluded from this website.

Grayslake, IL

Home to a recreational lake and a variety of community events, Grayslake is a vibrant village in central Lake County. The lake draws locals for activities like fishing, swimming, and boating in the summer, and ice fishing, hockey, and skating in the winter. Grayslake retains its rural ambience with...
$323,437
Average Sale Price
38
Average Days On The Market
99%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 18521 W Il Route 120 Highway, Grayslake, IL 60030
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18521 W Il Route 120 Highway, Grayslake, IL 60030 is a farm currently listed at $1,890,000. This farm has been listed on @properties Christie's International Real Estate since November 8th, 2025.

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