Commercial Land with Highway
For Sale
$499,000
18745 W IL 120 Route, Grayslake, IL 60030
Commercial Sale, Grayslake, IL
Property SizeContact for details
Lot Size4.48 Acres
Days on Market47
Property Features for 18745 W IL 120 Route
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
Hwy 45 south to Route 120. West on 120to property on North side of the road. - Easiest to use Waukegan Tire in Grayslake address to find this, it's directly across the street.
Subdivision
Gages Lake / Grayslake / Hainesville / Third Lake / Wildwood
Standard status
Active
APN
07311000290000
Lot size
4.48 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
12516
Utilities
Cooling system
Central Air
Building Details
Year built
1981
Floors in Building
1
Listing Agency:
Re/Max Advantage · RE/MAX International
(847) 395-3000
Listed By:
Danielle Welker · License #6627094
(847) 293-6453
Added: Jul 23
Changed: Aug 20
Last Checked: Sep 7 at 5:06PM
MLS# 12712864
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 4.48-acre commercial land parcel includes 304 feet of frontage along IL Route 120 and is zoned General Business (GB). A large existing home remains on the property, with a working well and septic system, central air, and a 1981 construction date. The structure may provide interim office, headquarters, or other approved business use while longer-term plans are evaluated.
City water and sewer are available for future expansion and development. The property is in Grayslake, Illinois, with access from IL Route 120. Potential applications identified for the site include commercial, retail, office, service, and mixed-use uses, subject to municipal approval.
City water and sewer are available for future expansion and development. The property is in Grayslake, Illinois, with access from IL Route 120. Potential applications identified for the site include commercial, retail, office, service, and mixed-use uses, subject to municipal approval.
Key Highlights
- 4.48‑acre commercial land parcel
- 304 feet of frontage on IL Route 120
- General Business (GB) zoning
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
39
Businesses Nearby
Explore this area
Business Placement
Demographics for 60030, IL
36,346
Population
15,006
Households
2.4
Avg Household Size
43
Median Age
49%
College-Educated
97%
High-School Grad
26.8 sq mi
ZIP Area
1,356
Density / Sq Mi
$104,920
Median Household Income
$55,766
Median Earnings
$1,526
Median Rent
$276,800
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - General Business zoning supports commercial development, subject to municipal approval.
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: 4.48‑acre commercial land parcel; 304 feet of frontage on IL Route 120; General Business (GB) zoning
