18238 W Gages Lake Road, Grayslake, IL 60030
Local realty services provided by:CENTURY 21 Affiliated
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
Prime 17+ Acre Development Opportunity. Gages Lake, Illinois Residential - Commercial - Institutional - Luxury Estate Potential. Introducing a rare and versatile 17+ 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: 17+ Acres Structures: 3 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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Home facts
- Listing ID #:12590618
- Added:1 day(s) ago
- Updated:March 12, 2026 at 07:28 PM
Structure and exterior
- Lot area:17 Acres
Schools
- High school:Warren Township High School
Finances and disclosures
- Price:$3,300,000
- Tax amount:$33,152 (2024)
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