$4,599,000

18238 W Gages Lake Road, Grayslake, IL 60030

  • Property Icon Land
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon20acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 6 days ago

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-

Listing Status:
Active
Listing Office:
Coldwell Banker Realty : 847-971-8524
Listing Agent:
Chris Foss : 847-971-8524
MLS ID:
12508271
  • Parking: Parking spaces: 0
  • Road/Access: GravelCity Street
  • Originating MLS: mred
  • School District: 50
  • County: Lake
  • Zoning: 07302000060000
  • Current Use: Residential
  • Utilities: Electricity AvailableNatural Gas Nearby
  • Source: mred
  • Ownership: Fee Simple

This listing courtesy of Chris Foss, Coldwell Banker Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

W

Woodland Primary School

17366 W Gages Lake Rd, Grayslake, IL, 60030

Grades PK-KG

0.85 miles away

W

Woodland Middle School

7000 Washington St, Gurnee, IL, 60031

Grades 6-8

0.89 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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