40 Highway 45

324,086 / 7.44
Lot Size / Acres

Description

The hard corner of US Highway 45 and East Grand Avenue (Route 132) is one of the last developable, build-ready commercial parcels on this corridor - 7.44 acres, CB-zoned, utilities to the site, and approximately 15,000 vehicles per day at a lighted intersection. This is not a speculative location. Two residential projects are already delivering rooftops directly to this trade area: a 70-unit luxury townhome complex immediately to the west and a 55+ community now under construction. Average household...The hard corner of US Highway 45 and East Grand Avenue (Route 132) is one of the last developable, build-ready commercial parcels on this corridor - 7.44 acres, CB-zoned, utilities to the site, and approximately 15,000 vehicles per day at a lighted intersection. This is not a speculative location. Two residential projects are already delivering rooftops directly to this trade area: a 70-unit luxury townhome complex immediately to the west and a 55+ community now under construction. Average household incomes within the immediate trade area exceeds Lake County average. The demand infrastructure is already in place. The site is flat, fully served (sewer, water, electric, gas), and zoned Community Business - a classification that accommodates quick-serve restaurants, medical and professional office, convenience retail, multi-tenant strip development, and drive-through uses without variance. The seller is actively open to parcel division, build-to-suit lease structures, or joint venture arrangements. This is a rare opportunity to control the corner - and shape what gets built on it.
  1. 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: 04/27/2026 06:27 AM

Property Details for 40 Highway 45

StatusActive
MLS #12618820
Days on Market16
Taxes$35,383 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeLand
MLS TypeLand
Year Built-
Lot Size7.44 AC
CountyLake County

Location

Listing Courtesy of Keller Williams North Shore West
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Building Information for 40 Highway 45

Lot Size7.44 AC

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$18,055 per month

30 year fixed, 6.46% Interest

Principal and Interest

$15,107

Property Taxes

$2,949

HOA Dues

$0

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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
  • Basement Bathrooms: No
  • 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: 2026-04-14T19:51:42
  • Photos Count: 5
  • OpenHouse Count: 1
Miscellaneous
  • Current Use: Agricultural, Commercial
  • Road Surface: Asphalt
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Additional Media Type 1: Other Media
  • Virtual Tour YN: No

Property History for 40 Highway 45

DateEvent & SourcePriceAppreciation
Apr 14, 2026

Price Change

MRED #12618820

$2,999,999
Apr 14, 2026

Listed (Active)

MRED #12618820

$9,999
Mar 31, 2026

Cancelled

MRED #12401632

$2,750,000
DateEvent & SourcePrice
04/14/2026

Price Change

MRED #12618820

$2,999,999
04/14/2026

Listed (Active)

MRED #12618820

$9,999
03/31/2026

Cancelled

MRED #12401632

$2,750,000

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.

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40 Highway 45 is a 7.44 ac of land for sale in Lindenhurst, IL 60046. This property was listed for sale on April 14, 2026 by Keller Williams North Shore West, it's currently listed at $2,999,999. 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 04/27/2026 06:27 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.