18521 W Il Route 120 Grayslake, IL 60030
Estimated payment $10,534/month
Highlights
- 28.01 Acre Lot
- Woodland Elementary School Rated A-
- Farm
About This Lot
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.
Property Details
Property Type
- Land
Est. Annual Taxes
- $7,103
Lot Details
- 28.01 Acre Lot
- Lot Dimensions are 1168x785x666x683x701x131x259
- Property fronts a state road
- Property is zoned AGRIC
Additional Features
- Laundry in unit
- Farm
- Electricity To Lot Line
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $6,930 | $67,442 | $26,273 | $41,169 |
| 2023 | $7,300 | $62,253 | $24,031 | $38,222 |
| 2022 | $7,300 | $65,866 | $31,142 | $34,724 |
| 2021 | $6,618 | $62,736 | $29,405 | $33,331 |
| 2020 | $6,380 | $60,675 | $28,163 | $32,512 |
| 2019 | $6,156 | $58,452 | $26,884 | $31,568 |
| 2018 | $6,067 | $57,931 | $26,888 | $31,043 |
| 2017 | $5,931 | $55,879 | $25,725 | $30,154 |
| 2016 | $5,867 | $60,916 | $24,089 | $36,827 |
| 2015 | $6,649 | $57,656 | $22,543 | $35,113 |
| 2014 | $5,782 | $57,071 | $22,146 | $34,925 |
| 2012 | $5,435 | $57,383 | $22,219 | $35,164 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/08/2025 11/08/25 | For Sale | $1,890,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | None Available | |
| Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | -- | |
| Warranty Deed | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12513982
APN: 07-31-100-023
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