Commercial Development Land with
18745 W IL 120 Route Grayslake, IL 60030
New
For Sale
$499,000
LAND - Grayslake, IL
Lot Size4.48 Acres
Days on Market2
Property Features for 18745 W IL 120 Route
General Information
- Property type
- Land
- Property subtype
- Other
- Standard status
- Active
- APN
- 07311000290000
- Lot size
- 4.48 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 12516
Utilities
- Utilities
- Cable Available
- Sewer type
- Septic Tank
- Water source
- Well
Listing Agency:
Re/Max Advantage
(847) 395-3000
Listed By:
Danielle Welker · License #475144765
(847) 293-6453
Added: Jul 23
Last Checked: Jul 24 at 10:06AM
MLS# 12712722
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial development parcel totals 4.48 acres and offers 304 feet of frontage on IL Route 120. The property is zoned General Business (GB), providing flexibility for a range of commercial uses subject to municipal approval. An existing home is on-site, along with a working well and septic system, which may support interim functionality while development plans are finalized.
City water and sewer are available for future expansion and development. The location is positioned for visibility and access along a heavily traveled route in Grayslake, IL.
Prospective buyers have the option to leverage the existing improvements for interim use while moving forward with redevelopment of the site under the GB zoning framework.
City water and sewer are available for future expansion and development. The location is positioned for visibility and access along a heavily traveled route in Grayslake, IL.
Prospective buyers have the option to leverage the existing improvements for interim use while moving forward with redevelopment of the site under the GB zoning framework.
Key Highlights
- Nearly 4.5 acres with 304 ft of frontage on IL Route 120 in Grayslake
- General Business (GB) zoning supports commercial, retail, office, service, or mixed‑use (subject to municipal approval)
- Existing large home on‑site, plus a working well and septic system for immediate functionality
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
FAQs
What type of property is this?
Commercial land - General Business zoned land with 304 feet of frontage on IL Route 120 and existing well and septic.
Where is this commercial land located?
The property is located at 18745 W IL 120 Route Grayslake, IL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Nearly 4.5 acres with 304 ft of frontage on IL Route 120 in Grayslake; General Business (GB) zoning supports commercial, retail, office, service, or mixed‑use (subject to municipal approval); Existing large home on‑site, plus a working well and septic system for immediate functionality
