Contact us: 563.441.1776
Description
Exceptional commercial development opportunity on nearly 4.5 acres with 304 feet of frontage on highly traveled IL Route 120 in Grayslake! Zoned General Business (GB), this prime property offers incredible flexibility for a wide variety of commercial, retail, office, service, or mixed-use possibilities (subject to municipal approval). The property currently features a large existing home, along with a working well and septic system, providing immediate functionality while you finalize development plans. Whether you're looking for temporary office space, a business headquarters, or an interim use before redevelopment, the existing structure offers valuable flexibility. City water and sewer are available for future expansion and development. With outstanding visibility, easy access, and a high daily traffic count, this location offers exceptional exposure for your business or investment. Opportunities with nearly 4.5 acres, 304 feet of highway frontage, flexible General Business zoning, and city utilities available are becoming increasingly rare. Bring your vision and capitalize on one of Grayslake's premier commercial corridors!
Property Highlights
Property Type: Commercial - Business
Building Description: 1.0 stories
Year Built: 1981
Lot Size: 4.48 acres
General Information
County: Lake
Listed By:
Re/Max Advantage
847-395-3000
MRED MLS
MLS ID: 12712864
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18745 W Il 120 Route , Grayslake, IL 60030.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $499,000 | $499,000 | $499,000 |
| Down Payment | $99,800 | $17,465 | $124,750 |
| Monthly Mortgage Amount | $2,490 | $3,017 | $3,108 |
| Taxes | $694 | $694 | $694 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $220 | $0 |
| Monthly Estimated Total | $3,330 | $4,077 | $3,948 |
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 07/25/2026. The listing information on this page last changed on 07/25/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 07/25/2026 1:41:08 AM EST) or MRED MLS (last updated Sat 07/25/2026 1:36:07 AM EST) or SCWMLS (last updated Fri 07/24/2026 11:54:48 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Fri 07/24/2026 10:16:08 PM EST) or Cedar Rapids MLS (last updated Fri 07/24/2026 10:44:16 PM EST) or NEIRBR MLS (last updated Sat 07/25/2026 1:18:42 AM EST) or ICAAR MLS (last updated Fri 07/24/2026 11:37:37 PM EST) or ECIMLS (last updated Fri 07/24/2026 11:44:35 PM EST) or RMLSA (last updated Sat 07/25/2026 1:10:56 AM EST) or Muscatine MLS (last updated Sat 07/25/2026 1:30:09 AM EST) or No Coast MLS (last updated Sat 07/25/2026 12:44:23 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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