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Additional details
$499,000
Est. payment /mo
4.48 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12712722
Annual Tax Amount $12,516
Tax Year 2025
Lot Size 4.480 Acres
Lot Dimensions 304x670x299x632
Property Sub-Type Land
Property 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!
Location
State IL
County Lake
Area Gages Lake / Grayslake / Hainesville / Third Lake / Wildwood
Interior
Fireplace N
Exterior
Utilities Available Electric to Site, Natural Gas Available, Sewer Nearby, Water Nearby, Cable Available
Building
Dwelling Type Land
Sewer Septic Tank
Water Well
Schools
Elementary Schools Warren Township High School
Middle Schools Warren Township High School
School District 121 , 121, 127
Others
Ownership Fee Simple
Special Listing Condition None
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Listed by Danielle Welker of Re/Max Advantage
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