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21238 W Washington St 56.63 Acres of Commercial Land Offered at $2,150,000 in Grayslake, IL 60030

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INVESTMENT HIGHLIGHTS

  • Add’l 2 Acres Available
  • Subdivision Potential
  • Metra Station on Site
  • Near Rollins Savannah Forest Preserve
  • Sewer & Water to Site
  • Grayslake Schools

ATTACHMENTS

Flyer

FINANCIAL SUMMARY (ACTUAL - 2023)

ANNUAL ANNUAL PER AC
Taxes $3,125 $55.18
Operating Expenses - -
Total Expenses $3,125 $55.18

FINANCIAL SUMMARY (ACTUAL - 2023)

Taxes
Annual $3,125
Annual Per AC $55.18
Operating Expenses
Annual -
Annual Per AC -
Total Expenses
Annual $3,125
Annual Per AC $55.18

PROPERTY FACTS

Price $2,150,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Mixed Use
  • Planned Unit Development
  • Single Family Development
Total Lot Size 56.63 AC
Cross Streets N Lakeside
Zoning R1 - The R1 zone is established to provide for low density area in which the principal use of land is for single family residences.

1 LOT AVAILABLE

Lot

Price $2,150,000
Price Per AC $37,965.74
Lot Size 56.63 AC

Level, Tillable, Wetland/s, Wooded

DESCRIPTION

Grayslake development site has 56.63 acres with frontage on both Lake Street and Washington Street! Site adjoins Doolittle Park/English Meadows to the north, Washington to south and Lake Street to the east and RR tracks to the west. This infill opportunity for new housing product in Grayslake is ideal for single family housing. Can accommodate move up product or 55 and over community. Lies in top ranked Grayslake High School District 127. Blocks from thriving downtown business district. Walk and bike to Metra, downtown restaurants, parks, etc... Site adjoins wonderful trail system connection to many GL Parks! Village of Grayslake needs new housing stock and this site is ideally located. Sewer and water to site. Possible PUD, senior housing, cluster homesites, attached housing. Signalized corner may accommodate commercial use. Possible corporate campus with zoning change. Farmed for low taxes. Walk property at own risk. Concept plans available on our website. Improved storm sewer recently installed along Washington Street.

  • Listing ID: 38092544

  • Date on Market: 10/16/2025

  • Last Updated:

  • Address: 21238 W Washington St, Grayslake, IL 60030

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