


18521 W Il Route 120 HighwayGrayslake, IL 60030
Single Family · 28.01 Acres18521 W Il Route 120 Highway Overview
- Time on Site:
- 233 days
- Visits:
- 3
Outstanding 28-acre parcel strategically located along highly traveled Route 120, offering excellent visibility, access, and frontage in the heart of Lake County's growth corridor. Zoned General Business (GB) and Shopping Center Business (SCB), this property allows for a wide variety of commercial and mixed-use development opportunities including retail centers, restaurants, medical offices, professional suites, entertainment uses, or potential residential components subject to approvals. Grayslake's business-friendly environment and central location between major regional hubs make this an exceptional opportunity for forward-thinking developers. Utilities are nearby, and surrounding development includes strong national retailers, established residential neighborhoods, and expanding commercial corridors providing a built-in customer base and workforce. A four-bedroom single-family home currently occupies the property and is rented on a month-to-month basis, offering immediate holding income during planning and entitlement. This is one of the few remaining large development sites along Route 120, ideal for investors, builders, and commercial developers seeking scale, flexibility, and high visibility in a thriving market.
18521 W Il Route 120 Highway Facts & Features
- Type Single Family
- Lot 28.01 Acres
Details
General
School Information
- School District: 121
Business Information
- Current Use: Agricultural
Location/Region
- County Or Parish: Lake
- MLS Area Major: Gages Lake / Grayslake / Hainesville / Third Lake / Wildwood
- Township: Warren
Tax Information
- Tax Annual Amount: $7,103.00
- Tax Year: 2024
General Information
- Ownership: Fee Simple
- Parcel Number: 07311000230000
- Property Type: Farm
- Special Listing Conditions: None
- Zoning: AGRIC
Interior
Beds/Baths
- Bathrooms Total: 0
General Information
- Basement: Cellar
- Laundry Features: In Unit
Exterior
Parking Information
- Parking Total: 0
Lot Information
- Additional Parcels: No
- Frontage Length: 1
- Frontage Type: Public Road,State Road
- Lot Size Acres: 28.01
- Lot Size Dimensions: 1168x785x666x683x701x131x259
- Road Surface Type: Asphalt
- Water Source: Municipal Water
Waterfront/View
- Waterfront: No
General Information
- Sewer: Storm Sewer
- Utilities: Electric to Site,Natural Gas Available,Sewer Nearby,Water Available
18521 W Il Route 120 Highway Neighborhood
Community
60030 (GRAYSLAKE) Demographics
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.18521 W Il Route 120 Highway Monthly Cost
18521 W Il Route 120 Highway Market Data
Based on the last 30 days in this zip code
18521 W Il Route 120 Highway History
| Date | Value | Agent |
|---|---|---|
| 5/10/2026Source: MRED | Active |
|
| 5/5/2026Source: MRED | $1,795,500 -5.0% |
|
| 5/5/2026Source: MRED | Price Change |
|
| 11/13/2025Source: MRED | Active |
|
| 11/8/2025Source: MRED | November 08, 2025 |











