Incorporated in 1895, the village of Grayslake was named after farmer William F. Gray, who settled along the lake that was eventually named Gray's Lake. Today, Grays Lake remains the largest lake in the village. Located 40 miles north of downtown Chicago, the village's population in 2010 was more than 20,000.
Although historic buildings dot Grayslake's downtown district, the village is burgeoning with new home developments. Planned residential communities line stretches of Belvidere (Route 120) and Buckley Roads (Route 137), welcoming young families looking for a blend of residential development, easy commuting to downtown Chicago, ample shopping and light commercial within a setting that retains its historic, rural ambiance. Transportation options are abundant thanks to Metra's Milwaukee District/North Line as well as Pace bus routes throughout town. The average 2012 sales price of a home in Grayslake was $168,811 (source: Midwest Real Estate Data, LLC).
Grayslake is served by Community Consolidated School District 46 and Grayslake Community High School District 127. The community is also home to the College of Lake County, which has almost 18,000 students.
Grayslake hosts many popular annual festivals. Summer kicks off with the Grayslake Art Festival held in the historic downtown district each June. The Taste of Grayslake in late June features local eateries and offers live entertainment, family activities and evening fireworks. Grayslake Days, held annually in mid-August, is a well-known music festival, and also includes a bike and pet parade and a local talent contest. The town also boasts the Lake County Fairgrounds, which hosts the annual Lake County Fair each July.