Grayslake is the home of a wide variety of well-known businesses. New business and industry prospers alongside longtime Grayslake businesses that have been in the community throughout the village's history. Grayslake continues to expand as a regional center for retail and light industrial development.

Over 150,000 square feet of new commercial space has been constructed in the village over the last several years. In addition, the village has hundreds of acres available for business and industrial uses. The Chamber maintains a database of available buildings and properties.

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