IL
Lake
Grayslake
60030
18238 W Gages Lake Road
18238 W Gages Lake Road, Grayslake, IL 60030
Share Listing
Listing Type
Lots/Land
Listing Status
active
0
$4,599,000
Home Details for 18238 W Gages Lake Road
Price
$4,599,000
Type
Land
Bedrooms
0
Bathrooms
Square feet
NaN
Lot size acres
20
County
Lake
Garage
Days on site
2
MLS Listing#
12508271
Property 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-
Property Features
Utilities
- Electricity Available
School Information
School Information for 18238 W Gages Lake Road, Grayslake, IL 60030
Elementary School
N/A
Middle School
N/A
High School
Warren Township High School
Listing Courtesy: Coldwell Banker Realty - 847-234-8000
Based on information submitted to the MLS GRID as of 2025-11-01 02:30:13. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.Last Updated: 2025-11-01 02:30:13
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2775 Algonquin Rd Suite 350, Rolling Meadows, IL 60008Office
773 250 7410
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