18238 W Gages Lake Road Grayslake, IL 60030
Listing Courtesy of: MLS LogoMidwest Real Estate Data / Coldwell Banker Realty / Chris Foss / Donna Mercier

  18238 W Gages Lake Road Grayslake, IL 60030

Active (6 Days)
$4,599,000 (USD)
20
ACRES
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Description

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: 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-

MLS #:
12508271
Taxes
$33,152(2024)
Lot Size
20 acres
Type
Land
School District
121,50
County
Lake County

Listed By

Chris Foss, Coldwell Banker Realty
Donna Mercier, Coldwell Banker Realty
Source
Midwest Real Estate Data as distributed by MLS Grid
Last checked Nov 5 2025 at 12:36 AM GMT+0000
Bathroom Details
Utility Information
  • Utilities: Utility: Electricity Available, Utility: Natural Gas Nearby
School Information
  • High School: Warren Township High School
Location
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Disclaimer: Based on information submitted to the MLS GRID as of 4/20/22 08:21. All data is obtained from various sources and may not have been verified by broker or MLSGRID. Supplied Open House Information is subject to change without notice. All information should beindependently reviewed and verified for accuracy. Properties may or may not be listed by the office/agentpresenting the information. Properties displayed may be listed or sold by various participants in the MLS. All listing data on this page was received from MLS GRID.
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