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18745 W Il 120 Route Grayslake, IL 60030 Land - Residential New

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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: Land - Residential
Total Acres: 4.48 Acres
Utilities: Electric to Site, Natural Gas Available, Sewer Nearby, Water Nearby, Cable Available

General Information

County: Lake
Listed By:
Re/Max Advantage 847-395-3000
MRED MLS
$499,000
Est. $3,330/mo
New to the Market New
LOT SIZE 4.480 acres MLS#12712722
STATUSNew PROPERTY TYPELand - Residential SCHOOLDistrict 127

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18745 W Il 120 Route , Grayslake, IL 60030.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 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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