IL > Grayslake
Grayslake, IL 60030,18238 W Gages Lake RD
Grayslake, IL 60030,18238 W Gages Lake RD
Grayslake, IL 60030,18238 W Gages Lake RD
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$4,599,000
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20 Acres Lot
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18238 W Gages Lake RD Grayslake, IL 60030

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Park Place Realty Group LLC

Park Place Realty Group LLC

+1(708) 722-5106

UPDATED:

Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12508271

Annual Tax Amount $33,152

Tax Year 2024

Lot Size 20.000 Acres

Lot Dimensions 384.9 x 1283.2 x 658.5 x 1036.4

Property Sub-Type Land

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-

Location

State IL

County Lake

Area Gages Lake / Grayslake / Hainesville / Third Lake

Interior

Fireplace N

Exterior

Utilities Available Electric to Site, Natural Gas Nearby

Building

Dwelling Type Land

Schools

High Schools Warren Township High School

School District 50 , 50, 121

Others

Ownership Fee Simple

Special Listing Condition None

Midwest Real Estate Data (MRED) IDX
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Chris Foss of  Coldwell Banker Realty 

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Park Place Realty Group LLC

Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106

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