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Listing provided courtesy of Keller Williams North Shore WestMREDas Distributed by MLSGrid- MLS# 12618820MLS Provider

40 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
Community data courtesy of LiveBy, Inc.

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

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$ %
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Randall Fowlkes
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

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
Calculations provided by Reliance Network

40 US Highway 45 Highway History

Date Event Value Agent
4/20/2026Source: MRED Status Change
Active
4/15/2026Source: MRED Price Increase
$2,999,999 29,903.0%
4/14/2026Source: MRED Added to Database
April 14, 2026