Listing provided courtesy of Keller Williams North Shore WestMREDas Distributed by MLSGrid- MLS# 12618820
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Request Info40 US Highway 45 HighwayLindenhurst, IL 60046
Vacant Land · 7.44 Acres$2,999,999
Active
40 US Highway 45 Highway Overview
- Time on Site:
- 76 days
- Visits:
- 0
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.
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40 US Highway 45 Highway Facts & Features
- Type Vacant Land
- Lot 7.44 Acres
Details
General
School Information
- School District: 117
Business Information
- Current Use: Agricultural,Commercial
Location/Region
- County Or Parish: Lake
- MLS Area Major: Lake Villa / Lindenhurst
- Township: Lake Villa
Tax Information
- Tax Annual Amount: $35,383.00
- Tax Year: 2024
General Information
- Ownership: Fee Simple
- Parcel Number: 06012061100000
- Possible Use: Commercial,Industrial,Office,Residential,Multi-Family,Single Family,Retail,Other
- Property Type: Land
- Special Listing Conditions: None
Interior
Beds/Baths
- Bathrooms Total: 0
Exterior
Parking Information
- Parking Total: 0
Lot Information
- Frontage Length: 1026
- Frontage Type: County Road
- Lot Size Acres: 7.44
- Lot Size Dimensions: 1026 X 366
- Road Surface Type: Asphalt
Waterfront/View
- Waterfront: No
General Information
- Utilities: Electric to Site,Natural Gas Available,Water Available
40 US Highway 45 Highway Neighborhood
Community
60046 (Lake Villa) Demographics
38
Median Age
1,339
Population Density (per sq. mile)
51%
College Educated
$104,960
Estimated Median Income
9,827
Estimated Total Home Owners
2,165
Estimated Total Renters
82% / 18%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.40 US Highway 45 Highway Monthly Cost
40 US Highway 45 Highway Market Data
Based on the last 30 days in this zip code
$397,632
Average List Price
$203
Average Price per Square Foot
43
Properties Sold
43
Average Days on Market
91
Properties for Sale
40 US Highway 45 Highway History
| Date | Value | Agent |
|---|---|---|
| 4/20/2026Source: MRED | Active |
|
| 4/15/2026Source: MRED | $2,999,999 29,903.0% |
|
| 4/14/2026Source: MRED | April 14, 2026 |