Property summary
This exceptional commercial land parcel, located at the highly visible southeast corner of Route 120 and Route 45 in Grayslake, Illinois (zip code 60030), offers a unique owner-user opportunity. The property, built in 2021, features a flexible lot size ranging from 1,200 to 11,000 square feet, allowing for a variety of development options. Its strategic location benefits from a signalized intersection, ensuring high visibility and accessibility. The site's desirability is further enhanced by its proximity to established businesses and a strong demographic profile. Fresenius Dialysis recently purchased an adjacent lot, highlighting the area's appeal for healthcare and commercial ventures. An Anthology Assisted Living facility is also immediately neighboring the property. The surrounding area boasts an average household income exceeding $122,000 within a three-mile radius, indicating a robust consumer base. Furthermore, the Northwestern Medicine Grayslake Outpatient Center is conveniently located less than 0.3 miles away. The vacant land presents a build-to-suit opportunity, allowing for customized development to meet specific business needs. Drive-thru capabilities are also a possibility, making this site ideal for a range of commercial uses. This is a ground lease property.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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