For Sale
$1,200,000

17072 Il-120 Grayslake, IL 60030

4.6 Acres, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional 4.6-acre land parcel in Grayslake, Illinois, presents a remarkable commercial and residential development opportunity. Located at 17072 IL-120, the property boasts 700 feet of frontage on IL Route 120, ensuring high visibility and traffic counts. Currently zoned OS, the land offers the potential for diverse development projects, and annexation into Gurnee is a possibility. The site's strategic location offers unparalleled convenience, situated a mere 30-minute drive from O'Hare International Airport and an hour from downtown Chicago. Adding to its appeal, the property sits directly across from the prestigious Merit Club Golf Course. The surrounding area boasts strong demographics, with an average household income exceeding $127,546 within a three-mile radius, indicating a robust market for new development. The asking price for this exceptional property is $1,200,000, translating to $5.99 per square foot. This represents a unique chance to capitalize on a prime location and create a thriving development in a highly desirable area of Lake County. The property's potential for significant return on investment makes it an attractive proposition for discerning developers.

Highlights

  • Excellent potential for mixed-use development.
  • Requires annexation into the Village of Gurnee.
  • High traffic counts ensure strong visibility.
  • Prime location across from the prestigious Merit Club Golf Course.
  • Convenient 30-minute drive to O'Hare International Airport.
  • Easy access to Downtown Chicago, approximately one hour away.

Property Details for 17072 Il-120

Property type
Land
Lot Size (sq. ft)
200,376 SF

Location Insight

City
Grayslake
County
Lake
State
Illinois
Latitude
42.341070533505
Longitude
-87.963765863094
17072 Il-120, Grayslake, Illinois

FAQs

What type of property is this?
Land - 4.6 Acres, Prime Location
Where is the land located?
The property is located at 17072 Il-120 Grayslake, IL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Excellent potential for mixed-use development.; Requires annexation into the Village of Gurnee.; High traffic counts ensure strong visibility.
How can I contact the broker?
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17072 Il-120
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