18238 W Gages Lake Road, Grayslake, IL 60030
Local realty services provided by:CENTURY 21 All Pro Real Estate
18238 W Gages Lake Road,Grayslake, IL 60030
$3,300,000
- 17 Acres
- Lots / Land
- Active
Listed by: chris foss, donna mercier
Office: coldwell banker realty
MLS#:12590618
Source:MLSNI
Price summary
- Price:$3,300,000
About this home
PUBLIC SEWER AND LAKE MICHIGAN WATER TO SITE Prime Mixed GC and R4 Zoning on this 17+ Acre Development Opportunity. Gages Lake, Illinois Residential - Commercial - Institutional - Luxury Estate Potential. Tucked in the heart of Lake County, this rare 17+ acre property offers the feeling of the North Woods without the long commute. Mature trees, wooded walking trails, and a stocked pond with a sandy beach create a peaceful natural setting rarely found this close to town. The featured residence, built in 1969, offers 4 bedrooms, 2 full baths, and approximately 2,269 square feet, thoughtfully positioned to capture tranquil views of the pond and surrounding landscape. Its placement feels intentional, allowing the home to take full advantage of one of the property's most attractive natural features while creating a sense of privacy and retreat. With mature trees, water views, and a setting that feels nestled into nature, the home serves as both a comfortable residence and an integral part of the property's broader estate appeal. The property also includes a single family home and a duplex producing rental income, providing immediate revenue while you plan the future of the land. With mixed-use commercial GC and residential R4 zoning already in place, the possibilities are exceptional - from residential development to an institutional campus, hobby farm, equestrian property, private family compound, or luxury estate. Imagine building your dream compound tucked into the woods toward the back of the property, running a business near the road frontage, and leveraging the existing homes for income in the front. The setting offers the feel of a North Woods weekend retreat - yet it is located right in Lake County, making it easy to enjoy nature without leaving the suburbs. The layout also allows owners to enjoy the property now while thoughtfully planning future improvements or phased development. Properties of this size and natural character are increasingly rare in Lake County, making this a compelling opportunity to create a private legacy estate. Located along Gages Lake Road, next to a school and the established Wooded Glen subdivision, this property represents a truly rare infill opportunity in Lake County. The 17+ acre parcel is offered at $3,300,000, with the option to acquire an additional .83-acre parcel featuring a beautiful 2,700+ square foot home, creating a full 18-acre offering for $3,950,000. --CONFIRMED SHOWINGS REQUIRED TO VIEW THE PROPERTY-...
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Home facts
- Listing ID #:12590618
- Updated:October 28, 2026 at 12:01 PM
Structure and exterior
- Lot area:17 Acres
Schools
- High school:Warren Township High School
Finances and disclosures
- Price:$3,300,000
- Tax amount:$44,293 (2025)
Copyright 2026 Midwest Real Estate Data LLC. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Listing information is deemed reliable but not guaranteed. MLSNI Member Broker: Lisa McKinneyNew listings near 18238 W Gages Lake Road
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