Courtesy: Coldwell Banker Realty
847-234-8000
Prime Mixed GC and R4 Zoning on this 17+ Acre Development Opportunity. Gages Lake, Illinois Residential - Commercial - Institutional - Luxury Estate Potential. Tucked in the heart of Lake County, this rare 17+ acre property offers the feeling of the North Woods without the long commute. Mature trees, wooded walking trails, and a stocked pond with a sandy beach create a peaceful natural setting rarely found this close to town. The featured residence, built in 1969, offers 4 bedrooms, 2 full baths, and approximately 2,269 square feet, thoughtfully positioned to capture tranquil views of the pond and surrounding landscape. Its placement feels intentional, allowing the home to take full advantage of one of the property's most attractive natural features while creating a sense of privacy and retreat. With mature trees, water views, and a setting that feels nestled into nature, the home serves as both a comfortable residence and an integral part of the property's broader estate appeal. The property also includes a single family home and a duplex producing rental income, providing immediate revenue while you plan the future of the land. With mixed-use commercial GC and residential R4 zoning already in place, the possibilities are exceptional - from residential development to an institutional campus, hobby farm, equestrian property, private family compound, or luxury estate. Imagine building your dream compound tucked into the woods toward the back of the property, running a business near the road frontage, and leveraging the existing homes for income in the front. The setting offers the feel of a North Woods weekend retreat - yet it is located right in Lake County, making it easy to enjoy nature without leaving the suburbs. The layout also allows owners to enjoy the property now while thoughtfully planning future improvements or phased development. Properties of this size and natural character are increasingly rare in Lake County, making this a compelling opportunity to create a private legacy estate. Located along Gages Lake Road, next to a school and the established Wooded Glen subdivision, this property represents a truly rare infill opportunity in Lake County. The 17+ acre parcel is offered at $3,300,000, with the option to acquire an additional .83-acre parcel featuring a beautiful 2,700+ square foot home, creating a full 18-acre offering for $3,950,000. --CONFIRMED SHOWINGS REQUIRED TO VIEW THE PROPERTY-
Courtesy: Coldwell Banker Realty
847-234-8000
Prime 17+ Acre Development Opportunity. Gages Lake, Illinois Residential - Commercial - Institutional - Luxury Estate Potential. Tucked in the heart of Lake County, this rare 17+ acre property offers the feeling of the North Woods without the long commute. Mature trees, wooded walking trails, and a stocked pond with a sandy beach create a peaceful natural setting rarely found this close to town. The property includes two single-family homes and one duplex producing rental income, providing immediate revenue while you plan the future of the land. With mixed-use commercial GC and residential R4 zoning already in place, the possibilities are exceptional - from residential development to an institutional campus, hobby farm, equestrian property, a private family compound, or a luxury estate. Imagine building your dream compound tucked into the woods toward the back of the property, running a business near the road frontage, and leveraging the existing homes for income in the front. The setting offers the feel of a North Woods weekend retreat - yet it's located right in Lake County, making it easy to enjoy nature without leaving the suburbs. The layout also allows owners to enjoy the property now while thoughtfully planning future improvements or phased development. Properties of this size and natural character are increasingly rare in Lake County, making this a compelling opportunity to create a private legacy estate. Located along Gages Lake Road, next to a school and the established Wooded Glen subdivision, this property represents a truly rare infill opportunity in Lake County. The 17+ acre parcel is offered at $3,300,000, with the option to acquire an additional .83-acre parcel featuring a beautiful 2700+ sq ft home, creating a full 18-acre offering for $3,950,000. --CONFIRMED SHOWINGS REQUIRED TO VIEW THE PROPERTY
Courtesy: Fulton Grace Realty
773-698-6648
Rare opportunity to own this spectacular & highly recognized building that offers versatile space on busy corner at signaled intersection in the heart of downtown Grayslake. This prime piece of real estate in a vibrant community is steps from restaurants, shops, entertainment, community festivities/parade and a short ride or bike ride to Metra. This updated property offers the flexibility for retail, office, airbnb, 2 flat, home, or any combination. Separate entrances for Main Level & 2nd Level. This very well cared for Victorian, includes 7 Rooms, 2 full Bathrooms, full Kitchen & Kitchenette, Enclosed Porch, fenced yard w/paver brick patio, basement for storage, 2 car detached garage, and parking for 6 vehicles. There's more - New roof on back of building and main roof is in great shape, updated HVAC system, separate gas & electric, newer electrical service, & updated plumbing.
Courtesy: Konnerth Realty Group
847-354-8601
Rarely available new freestanding building zoned commercial on IL Route 83 in the heart of Grayslake. The property consists of a commercial building and residence next to each other. The attached residential home has 3 bedrooms, large attic and full partially finished basement. 1 1/2 bathrooms and two laundry locations. Has a nice and quiet back yard. The commercial space has built up offices currently, however it is suitable for a variety of businesses. Has two bathrooms, two entrances and a service door as well. ADA access approved. The commercial building is on trusses, so you can take all the walls down, no support is required in case you want to use it for kindergarten, dance studio or karate training facility. The property is divisible with separate electric, HVAC and gas. Could be used for permanent residence with business attached or for business only. It has very large parking with 24 parking spots. Bring your ideas, make it your own, put your business sign on Rd 83. No association, no rules, no fees, you are your own boss. Triple N lease for 3+ years. commercial side division for 3250
Courtesy: Realty World Tiffany R.E.
847-395-1010
The property is also offered for sale under listing number 12481766 The property consists of 5 office/suites, plus a second level apartment. Currently available are two 743 sq ft suites, suitable for retail or office. The current suites were formerly a family counselor's office. Neighbors in the the building include a Medical Oxygen supply firm, as well as a Plumbing firm's office. Rental rate is on a Gross lease basis and each unit is separately metered for utilities. Adequate parking in front of the suites, with additional parking on the east and west ends of the building.
Courtesy: RE/MAX Plaza
847-596-6100
An attractive two unit storefront building that was completely renovated in 2005 and is now fully rented. Currently occupied by Texas Bebe's Quesobarria (restaurant) which recently expanded but has a short term lease. The other space has been a thrift store for many years, and was recently taken over by a new tenant with years of experience called Wild Raspberry Resale. The thrift store space is about 4,800 SF and has two overhead doors. There are two parcels, one of which is a parking lot. Located on a busy state highway in the heart of Grayslake. Great opportunity!
Courtesy: Realty World Tiffany R.E.
847-395-1010
Prime Mixed-Use Opportunity on Hwy 45 in Grayslake! Bring your vision to this versatile mixed commercial/residential building in a high-visibility location on busy Hwy 45. The main level offers five store fronts/offices, perfect for retail, professional offices, or a blend of both. The upper level features a spacious apartment, ideal for owner-occupancy or generating additional rental income. This property offers multiple ways to maximize your investment: live on-site and run your own business, lease the entire space, or operate one unit while collecting rent from the others. There's parking for approximately 10-12 vehicles in front and along the sides, making it convenient for tenants and customers alike. Whether you're an entrepreneur looking for a launchpad, an investor seeking a strong income property, or a business owner ready to expand, this property offers the flexibility and location to make it happen.
Courtesy: Baird & Warner
847-367-1855
18451 W Route 120, is an extraordinary 21-acre estate surrounded by rolling pastures, forest preserves, and the breathtaking Almond Marsh. Set down a long, picturesque driveway, this one-of-a-kind property feels worlds away from it all, yet you're right in the heart of central Lake County, perfectly positioned between Chicago and Milwaukee. Formerly home to the well-regarded Kennelworth Farms dog boarding business, the facility was thoughtfully designed for top-tier animal care and operated successfully until the pandemic. Today, it stands ready for a visionary buyer to bring it back to life, whether as a high-end boarding business, equestrian center, or multi-use animal rescue campus. Assistance with Financial projections can be prepared for qualified buyers. The state-of-the-art facility includes 72 individual dog runs thoughtfully separated into four boarding pods, each served by its own hospital grade HVAC system providing optimal air quality, disease control, odor management, and stress reduction for the animals. Amenities also include a grooming room, food and medicine storage, a welcoming front office, security camera system, and built-in audio system. Dogs can enjoy both a concrete outdoor run and a grass outdoor play area. With four separate Property Identification Numbers and wide-open land, the potential here is immense. Currently used as a hobby farm, the grounds offer flexibility for equestrian repurposing, animal therapy programs, or transforming into a community hub for animal welfare, rescue, and education. The location and layout are ideal for Humane Society partnerships, youth education programs, or service dog training. A 4-bedroom, 2.5-bath, 2,700 square foot home sits perched on a beautiful bluff overlooking Almond Marsh. While in need of full renovation, the structure offers the opportunity to create a residence that matches the beauty and potential of the land. Properties like this, rich with infrastructure, natural beauty, and purpose-driven potential, are incredibly rare. Bring your vision and make 18451 W Route 120 a destination for animal care, healing, and community impact.
Courtesy: Baird & Warner
847-367-1855
**Prime Commercial Property in the Heart of Downtown Grayslake: 132 Center Street** Located in the vibrant, sought-after downtown area of Grayslake, this exceptionally well-built block building is ready for its next phase. With a long-standing history as an owner-occupied hair salon that has thrived for over 30 years, this space offers great potential for a variety of uses. This property is perfect for those looking to combine work and home life. The front retail space, spanning 1,291 square feet, provides ample room for your business, while the 1,001-square-foot residential space in the back offers an ideal living environment. Enjoy the convenience of running your business from the comfort of your own property. For investors, this building is a great revenue-generating opportunity with a strong chance for significant appreciation. Create cashflow by leasing the commercial and residential spaces together or separately. With Commercial Business zoning, this property supports a wide range of uses, making it adaptable to evolving business or development needs. There is also potential for significant expansion, including the possibility of a four-story renovation. Grayslake is a highly desirable community, conveniently located almost midway between Chicago and Milwaukee. With an above average household income, the area offers a thriving local economy and a growing population eager to support new businesses and developments. This unique property is a must-see for entrepreneurs, investors, or anyone seeking a prime location in a vibrant and growing downtown community. Don't miss your chance to secure a piece of Grayslake's future!
Courtesy: RE/MAX Plaza
847-596-6100
Back available for sale at 599,900. Hobbyist, car collector, electrician, plumber etc. Outside parking and storage, office, restroom, new gas heating. Call list broker for details
Grayslake is located in Illinois. Grayslake, Illinois has a population of 20,827. Grayslake is more family-centric than the surrounding county with 41.05% of the households containing married families with children. The county average for households married with children is 36.27%.
The median household income in Grayslake, Illinois is $109,975. The median household income for the surrounding county is $97,127 compared to the national median of $69,021. The median age of people living in Grayslake is 37.7 years.
The average high temperature in July is 82.1 degrees, with an average low temperature in January of 14.3 degrees. The average rainfall is approximately 36.2 inches per year, with 43.2 inches of snow per year.
