18238 W Gages Lake Road, Grayslake, IL 60030

Local realty services provided by:ERA Naper Realty
18238 W Gages Lake Road,Grayslake, IL 60030
$4,599,000
  • 20 Acres
  • Lots / Land
  • Active
Listed by:chris foss
Office:coldwell banker realty
MLS#:12508271
Source:MLSNI

Price summary

  • Price:$4,599,000

About this home

Prime 20 Acre Development Opportunity. Gages Lake, Illinois Residential - Commercial - Institutional - Luxury Estate Potential. Introducing a rare and versatile 20 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: 20 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:

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Home facts

  • Listing ID #:12508271
  • Added:4 day(s) ago
  • Updated:November 04, 2025 at 02:28 PM

Structure and exterior

  • Lot area:20 Acres

Schools

  • High school:Warren Township High School

Finances and disclosures

  • Price:$4,599,000
  • Tax amount:$33,152 (2024)
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