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Price cut: $185,000
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Land · Grayslake, IL
$1,705,000$1,890,000
beds · baths
18521 W Il Route 120 Highway, Grayslake, IL, 60030
A brick-and-mortar place to make your own — room to make it home.
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What’s special

28.01-acre 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.
— the listing agent’s description

The home

28.01-acre lot
Land

What it’ll cost

$7,103 taxes / yr
No HOA
Listed $1,890,000
Now $1,705,000
269 days on dwello

Estimated monthly payment

$10,155/mo
Principal & interest$9,066
Property taxes$592
Homeowners insurance$497
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Tour it with a real dwello agent
The agent who meets you here is an actual dwello Home Group team member who knows these streets — not a stranger who bought your name from a portal. You get straight answers on the spot, and the same person stays with you through closing.
On our team, vettedYour info is never soldWith you through closing

Tour this home

In person, on your schedule — a dwello agent meets you there.
WED
Jun 3
THU
Jun 4
FRI
Jun 5
SAT
Jun 6
11:00 am
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269 days on dwello
Price history
Price reduced
Aug 3, 2026
↓ $185,000$1,705,000
Listed for sale
Nov 8, 2025
$1,890,000
Now $185,000 below the original list price.
Property taxes
2025
Annual tax bill (MLS)
$7,103/yr
From county records — verify with the assessor.

Features

Storm Sewer
Neighborhood
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Nearby places via OpenStreetMap — approximate; verify what matters to you. Map © Mapbox © OpenStreetMap.
MLS listing dataMRED
Listed by Benjamin Lovinger · Baird & Warner
Listing last updated Aug 3, 2026 · data refreshed from the MLS Aug 3, 2026, 5:08 AM CT
Based on information submitted to the MLS GRID as of Aug 3, 2026, 5:08 AM CT. Listing data © MRED LLC, distributed by MLS GRID — deemed reliable but not guaranteed; independently verify. Anything shown below this point is not MLS listing data.
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