40 Highway 45

$2,750,000
Price
324,086 / 7.44
Lot Size / Acres

Description

Located at the hard-corner intersection of US Highway 45 and E Grand Avenue (Rt 132), this 7.44-acre CBzoned parcel offers unparalleled commercial potential. With approximately 15,000 vehicles per day passing, the site is primed for any combination of retail, office, convenience, service, or drive-through uses The property features flat, build-ready land with utilities brought directly to the site-sewer, water, electric, and gas are all available Surrounded by strong demographics-average household...Located at the hard-corner intersection of US Highway 45 and E Grand Avenue (Rt 132), this 7.44-acre CBzoned parcel offers unparalleled commercial potential. With approximately 15,000 vehicles per day passing, the site is primed for any combination of retail, office, convenience, service, or drive-through uses The property features flat, build-ready land with utilities brought directly to the site-sewer, water, electric, and gas are all available Surrounded by strong demographics-average household incomes in excess of $120K within a tight trade area-development support is reinforced by recent nearby residential growth: a 70-unit luxury townhome complex directly west and a 55+ community in progress The CB Community Business zoning provides flexible use allowances, ideal for end-users such as quick-serve restaurants, convenience stores, medical offices, or multi-tenant retail buildings. The owner is open to parcel division, build-to-suit leases, or joint venture arrangements, maximizing development creativity
  1. Listed by Julia Alexander • Keller Williams North Shore West
    P: (847)-383-6604 C: (847)-322-0504 Julia@juliaalexandergroup.com
  2. Listed by Anna Linscheid • Keller Williams North Shore West
    P: (847)-721-2662 C: (847)-721-2662 annalinn@kw.com

Property Details for 40 Highway 45

Area
Lake Villa / Lindenhurst
Township
Lake Villa
Ownership
Fee Simple
Num Of Parking Spaces
0.0
LISTING UPDATED: 01/01/2026 02:01 AM

Property Details for 40 Highway 45

StatusActive
MLS #12401632
Days on Market193
Taxes$358 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand
Year Built-
Lot Size7.44 AC
CountyLake County

Location

Listing Courtesy of Keller Williams North Shore West
Add your commute

Building Information for 40 Highway 45

Lot Size7.44 AC

Payment Calculator

$13,619 per month

30 year fixed, 6.28% Interest

Principal and Interest

$13,589

Property Taxes

$30

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 40 Highway 45

General Information
School Information
  • Elementary School District: 24
  • High School District: 117
  • Middle Or Junior School District: 24
Location and General Information
  • Frontage Length: 1026
  • Frontage Type: County Road
Property Information
Interior Features
  • Num of Baths: 0.0
Exterior Features
  • Backup Package: No
Utilities / Equipment
  • Utilities: Electric to Site, Natural Gas Available, Water Available
Property/Lot Information
  • Lot Size: 6.0-7.99 Acres
  • Lot Dimensions: 1026 X 366
  • Buildings on Land: No
  • Waterfront: No
  • General Information: None
Property and Assessments
  • Possible Use: Commercial, Industrial, Office, Residential, Multi-Family, Single Family, Retail, Other
  • Public Document Count: 1
  • Document Date: 2025-06-24T04:41:52
  • Photos Count: 10
  • OpenHouse Count: 0
Miscellaneous
  • Current Use: Agricultural, Commercial
  • Road Surface: Asphalt
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No

Property History for 40 Highway 45

DateEvent & SourcePriceAppreciation
Sep 9, 2025

Price Change

MRED #12401632

$2,750,000
Sep 9, 2025

Price Change

MRED #12401632

$1,750,000
Aug 26, 2025

Price Change

MRED #12401632

$275,000
Jun 23, 2025

Listed (Active)

MRED #12401632

$2,999,000
Jun 12, 2025

Expired

MRED #12081670

$2,999,000
Jun 16, 2024

Listed (Active)

MRED #12081670

$4,100,000
DateEvent & SourcePrice
09/09/2025

Price Change

MRED #12401632

$2,750,000
09/09/2025

Price Change

MRED #12401632

$1,750,000
08/26/2025

Price Change

MRED #12401632

$275,000
06/23/2025

Listed (Active)

MRED #12401632

$2,999,000
06/12/2025

Expired

MRED #12081670

$2,999,000
06/16/2024

Listed (Active)

MRED #12081670

$4,100,000

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

Schools near 40 Highway 45

This home is within Chsd 117 School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Millburn Central School
PublicPK to 5

Millburn Middle School
Public6 to 8

Lakes Community 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.

Similar Homes

Similar Sold Homes

40 Highway 45 is a 7.44 ac of land for sale in Lindenhurst, IL 60046. This property was listed for sale on June 23, 2025 by Keller Williams North Shore West, it's currently listed at $2,750,000. This listing's school districts are Millburn Central Consolidated School District 24, Chsd 117 School District. Nearby schools include Millburn Central School, Millburn Middle School and Lakes Community High School. 40 Highway 45 is a 0-bed, 0-bath, 7.44 ac of land on a 324,086 sq. ft. / 7.44 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams North Shore West

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 01/01/2026 02:01 AM. 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.