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!
| MLS # | 12712864 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 1981 |
| Days On Site | 47 |
| Listing Provided By | Re/Max Advantage | Danielle Welker |
| Story(s) | 1 |
|---|---|
| Zoning | OTHER |
| Acreage | 4.48 |
| Cooling | Central Air |
|---|
| Electric | Other |
|---|
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 12516 |
| State | IL |
|---|---|
| County | Lake |
| City | Grayslake |
| Zip Code | 60030 |
| Area | Gages Lake | Grayslake | Hainesville | Third Lake | Wildwood |
| Listing VS Median (in 60030) | |
Price: $499,000 low | high Med: $347,000 On site: 47 low | high Med: 33 | |
| State | IL |
|---|---|
| County | Lake |
| City | Grayslake |
| Zip Code | 60030 |
| Area | Gages Lake | Grayslake | Hainesville | Third Lake | Wildwood |
| Listing VS Median (in 60030) | |
Price: $499,000 low | high Med: $347,000 On site: 47 low | high Med: 33 | |