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melanie@mccluskyteam.com

$1,705,000

Est. payment - /mo

28.01 Acres Lot

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UPDATED:

Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12513982

Annual Tax Amount $7,103

Tax Year 2024

Lot Size 28.010 Acres

Lot Dimensions 1168x785x666x683x701x131x259

Property Sub-Type Land

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.

Location

State IL

County Lake

Area Gages Lake / Grayslake / Hainesville / Third Lake / Wildwood

Zoning AGRIC

Rooms

Basement Cellar

Interior

Fireplace N

Laundry In Unit

Exterior

Utilities Available Electric to Site, Natural Gas Available, Sewer Nearby, Water Available

Building

Dwelling Type Land

Sewer Storm Sewer

Water Municipal Water

Schools

School District 50 , 50, 121

Others

Ownership Fee Simple

Special Listing Condition None

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Listed by Benjamin Lovinger of Baird & Warner

Nearby School & Business

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Broker License ID: -

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18521 W Il Route 120 HWY Grayslake, IL 60030

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