Active
1,329,886 Lot Size30.53 Acres

26155 Highway 120, Grayslake, IL 60030

LandProperty Type
30.53 acresLot Size

Description

Grayslake Corner acreage with traffic signal. Over 30 acre site could be re zoned for convenience store with fuel, medical, professional office, light industrial, corporate headquarters, multi family, senior housing. All subject to review and approval by Village of Grayslake. Located just north of the 1.3 million square foot Medline (Grayslake's largest employer) and the planned multi billion dollar T5 Data Center. Just minutes from the METRA, Grayslake Village Center, parks and recreation. Seller...Grayslake Corner acreage with traffic signal. Over 30 acre site could be re zoned for convenience store with fuel, medical, professional office, light industrial, corporate headquarters, multi family, senior housing. All subject to review and approval by Village of Grayslake. Located just north of the 1.3 million square foot Medline (Grayslake's largest employer) and the planned multi billion dollar T5 Data Center. Just minutes from the METRA, Grayslake Village Center, parks and recreation. Seller will consider subdividing site. Hard corner can be carved off. Currently being farmed. Bordered by Rt. 120/Alleghany/railroad. Walk at own risk and do not damage crops.
560 days on Market
  • Listed by: Robert Frank 847.356.5263 robertefrankrealestate@gmail.com;Landman5263@aol.com • Robert E. Frank Real Estate
Last updated: 05/04/2026 01:16 PM • Source: MRED as distributed by MLS GRID, MLS#: 12315465
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Property Information for 26155 Highway 120

Property Details

  • Taxes: $1,208 / year
  • MLS Type: Land
  • County: Lake County
  • Area: Gages Lake / Grayslake / Hainesville / Third Lake / Wildwood
  • Township: Avon
  • Ownership: Fee Simple
  • Num Of Parking Spaces: 0.0
  • Zoning: SINGL

Building Information

  • Lot Size: 30.53 AC

General Information

School Information
  • Elementary School District: 46
  • Elementary School: Prairieview School
  • Jr High Middle School: Grayslake Middle School
  • High School District: 127
  • High School: Grayslake Central High School
  • Middle Or Junior School District: 46
Location and General Information
  • Frontage Length: 1309
  • Frontage Type: Signal Intersection
Taxes and HOA Information
  • Additional Parcels: Yes

Property Information

Interior Features
  • Basement Type: None
  • Basement Bathrooms: No
  • Num of Baths: 0.0
Exterior Features
  • Backup Package: Yes
Utilities / Equipment
  • Water: Municipal Water
  • Utilities: Electric to Site, Natural Gas Available, Sewer Nearby, Water Nearby
Property/Lot Information
  • Lot Size: 25.0-99.99 Acres
  • Lot Dimensions: 785X37X610X740X910X405X1315
  • Approx Land Sq Footage: 1329886.8
  • Buildings on Land: No
  • Waterfront: No
  • General Information: School Bus Service
Property and Assessments
  • Possible Use: Commercial, Condominium, Industrial, Multi-Family, Single Family, Retail, Zoning Change Required
  • Documents Available: Aerial Map,Demographics,Tax Bill,Traffic Counts
  • Public Document Count: 0
  • Photos Count: 15
  • OpenHouse Count: 0
Miscellaneous
  • Current Use: Agricultural
  • Farms Type: Grain
  • Known Existing Liens: None Known
  • Land Description: Cleared,Tillable,Wetland/s
  • Location: Corner
  • Rail Availability: None
  • Road Surface: Asphalt
  • Total Listed Lots Avail: 2
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No

Property History for 26155 Highway 120

DateEvent & SourcePriceAppreciation
May 23, 2025

Listed (Active)

MRED #12315465

$3,995,000
—
Jan 16, 2018

Expired

MRED #08859023

$4,151,939
—
Mar 11, 2015

Listed (Active)

MRED #08859023

$4,151,939
—
DateEvent & SourcePrice
05/23/2025

Listed (Active)

MRED #12315465

$3,995,000
01/16/2018

Expired

MRED #08859023

$4,151,939
03/11/2015

Listed (Active)

MRED #08859023

$4,151,939

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public records

26155 Highway 120

Lot Size

826,769 SqFt

Style

Agricultural / Rural

County

LAKE

APN

06-34-100-018

Schools near 26155 Highway 120

This home is within Grayslake Chsd 127 School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 5 to 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Prairieview School
PublicK to 4

Frederick School
Public5 to 6

Grayslake Middle School
Public7 to 8

Grayslake Central High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Acres

26155 Highway 120 is a 30.53 ac of land for sale in Grayslake, IL 60030. This property was listed for sale on May 23, 2025 by Robert E. Frank Real Estate, it's currently listed at $3,995,000. This listing's school districts are Grayslake Central Consolidated School District 46, Grayslake Chsd 127 School District. Nearby schools include Prairieview School, Frederick School and Grayslake Middle School. 26155 Highway 120 is a 0-bed, 0-bath 30.53 ac of land on a 1,329,886 sq. ft. / 30.53 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Robert E. Frank Real Estate

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 05/04/2026 01:16 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.