Real Estate Agent Elmo Dowd

Elmo Dowd REALTOR®

(815) 520-3939
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18521 W Il Route 120 Highway, Grayslake, IL 60030

$1,890,000
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  • 18521 W Il Route 120 Highway, Grayslake, IL 60030 Main Photo

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Active
LOT SIZE 28.010 acres MLS#12513982
STATUSActive PROPERTY TYPELand - Farm SCHOOLDistrict 121
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Property Description

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 | MLS# 12513982

This land located at 18521 W Il Route 120 Highway, Grayslake, IL 60030 is currently listed for sale with an asking price of $1,890,000. The property has approximately 28.01 Acres. W Il Route 120 Highway is located within the District 121 school district. Search Grayslake real estate on elmo.bhhscrosby.com today.

Property Features

Property Type: Land - Farm
Basement: Cellar
Lot Size: 28.01 Acres
Taxes: $7,103

Feature Descriptions

Laundry: In Unit
Lot Dimensions: 1168x785x666x683x701x131x259
Parcel#: 07311000230000
Township: Warren

Local Schools

School District: District 121

Listed By / Shown By

Listed By

Agency Name: Baird & Warner
Agency Phone: 847-367-1855

Shown By

Agent Name: Elmo Dowd
Agent Phone: (815) 520-3939
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate

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Estimated Payment

$ 5,349.49 per month $4,206.32 Principal & Interest $591.92 Property Tax $551.25 Homeowner's Insurance

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