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18238 W Gages Lake Road

Grayslake, IL 60030
  • $4,599,000
  • STATUS: Active
  • ON SITE: 97 Days
  • MLS #: 12508197
$4,599,000
  • 0
    BEDS
  • 18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1969
County:
Area:

School Ratings & Info

Description

Prime 18 Acre Development Opportunity. Gages Lake, Illinois Residential - Commercial - Institutional - Luxury Estate Potential. Introducing a rare and versatile 18 Acre infill parcel in the heart of Lake County offering unmatched flexibility for residential subdivision, mixed-use commercial, Institutional, or private paradise estate development. Property Highlights Size: 18 Acres Structures: 4 Existing Residential Homes (1 building is a duplex with rental income). Zoning: Split Zoning Residential & Commercial. Location: Borders a school and the established 35-home Wooded Glen Subdivision. Features: Central retention pond (ideal for future park/amenity) Utilities: Gas & Electric onsite. Access: High visibility frontage on Gages Lake Road. Development Potential. Residential Subdivision: 30-36 single-family lots (precedent set by adjacent subdivision). Mixed-Use Plan: 4-6 acres commercial frontage + 25-30 residential homes in rear. Institutional/Educational Campus: Charter/private school, religious center, assisted living, or retreat campus. Luxury Compound: Multi-generational gated estate or equestrian property using existing homes. Flexible Zoning reduces rezoning risk. Strategic Location: Adjacency to school ensures strong demand and community integration. Amenity Potential: Retention pond can be enhanced as a visual and recreational centerpiece. A rare, high-demand parcel ideal for developers, institutions, or private paradise estate buyers looking to create something extraordinary! --CONFIRMED SHOWINGS REQUIRED TO VIEW THE PROPERTY-

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© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or RE/MAX IMPACT. Based on information submitted to the MRED as of 2026-02-05T20:29:14.867 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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18238 W Gages Lake Road Grayslake, IL 60030

  • Price: $4,599,000
  • Status: Active
  • On Site: 97 Days
  • MLS #: 12508197
0
Beds
0
Baths
0
½ Baths
18
Acres
1969
Built
Neighborhood:
Lake
County:
Lake
Area:
Lake
Property Description
Prime 18 Acre Development Opportunity. Gages Lake, Illinois Residential - Commercial - Institutional - Luxury Estate Potential. Introducing a rare and versatile 18 Acre infill parcel in the heart of Lake County offering unmatched flexibility for residential subdivision, mixed-use commercial, Institutional, or private paradise estate development. Property Highlights Size: 18 Acres Structures: 4 Existing Residential Homes (1 building is a duplex with rental income). Zoning: Split Zoning Residential & Commercial. Location: Borders a school and the established 35-home Wooded Glen Subdivision. Features: Central retention pond (ideal for future park/amenity) Utilities: Gas & Electric onsite. Access: High visibility frontage on Gages Lake Road. Development Potential. Residential Subdivision: 30-36 single-family lots (precedent set by adjacent subdivision). Mixed-Use Plan: 4-6 acres commercial frontage + 25-30 residential homes in rear. Institutional/Educational Campus: Charter/private school, religious center, assisted living, or retreat campus. Luxury Compound: Multi-generational gated estate or equestrian property using existing homes. Flexible Zoning reduces rezoning risk. Strategic Location: Adjacency to school ensures strong demand and community integration. Amenity Potential: Retention pond can be enhanced as a visual and recreational centerpiece. A rare, high-demand parcel ideal for developers, institutions, or private paradise estate buyers looking to create something extraordinary! --CONFIRMED SHOWINGS REQUIRED TO VIEW THE PROPERTY-
Interior Features

Cooling None Heat Ventilation Other

Property Features

Additional Parcels YN Yes Approximate Age 36-50 Years Built Before1978 YN Yes Electric Other Fire Protection Other Geographic Locale North Suburban Gross Scheduled Income 0 Mls Actual Status Active Net Operating Income 0 Operating Expense 0 Property Offered For Sale Only Sewer Septic Tank Tax Annual Amount 33151 Tax Year 2024 Township Warren Type Instut/To Develop Utilities Electric to SiteNatural Gas Available Water Source Well Zoning OTHER

Listing information © 2026 Midwest Real Estate Data LLC.
Listing provided courtesy of Coldwell Banker Realty: 847-234-8000.


© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or RE/MAX IMPACT. Based on information submitted to the MRED as of 2026-02-05T20:29:14.867 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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