Commercial Land with Existing
For Sale
$499,000
18745 W IL 120 Route, Grayslake, IL 60030
Land, 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
Land
Property subtype
Other
Elementary school
Warren Township High School
Middle school
Warren Township High School
Elementary school district
121
Middle school district
121
High school district
127
Directions
Hwy 45 south to Route 120. West on 120 to property on the north side - 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
Utilities
Cable Available
Sewer type
Septic Tank
Water source
Well
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 7:06PM
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 4.48-acre commercial land parcel includes a large existing home, a working well, and a septic system. The property is zoned General Business (GB), with potential commercial, retail, office, service, or mixed-use applications subject to municipal approval. City water and sewer are available for future expansion or redevelopment, while the existing structure may provide interim utility during planning.
The site fronts IL Route 120 in Grayslake with 304 feet of frontage. Its address is 18745 W IL 120 Route, Grayslake, IL 60030. Existing water and sewer infrastructure, along with the current well and septic system, provide defined utility considerations for future plans.
The site fronts IL Route 120 in Grayslake with 304 feet of frontage. Its address is 18745 W IL 120 Route, Grayslake, IL 60030. Existing water and sewer infrastructure, along with the current well and septic system, provide defined utility considerations for future plans.
Key Highlights
- 4.48‑acre commercial land parcel in Grayslake
- 304 feet of frontage on IL Route 120
- General Business (GB) zoning
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
335
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 in Grayslake; 304 feet of frontage on IL Route 120; General Business (GB) zoning
