18238 West Gages Lake Road, Grayslake, IL, 60030

$4,599,000

About 18238 West Gages Lake Road

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-

Additional Information: This property is located in the Gages Lake / Grayslake / Hainesville / Third Lake neighborhood, IL. This 0 bedrooms instut/to develop property is priced at $4,599,000.

Facts & Features

MLS® # 12508197
Price $4,599,000
Bathrooms 0.00
Taxes $33,151
Acres 0.00
Year Built 1969
Type Commercial Sale
Sub-Type Instut/To Develop
Status New

Community Information

Address 18238 West Gages Lake Road
Area Gages Lake / Grayslake / Hainesville / Third Lake
City Grayslake
County Lake
State IL
Zip Code 60030

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling None
Fireplace No
Has Basement No

Additional Information

Days on Market 7
Zoning OTHER
Foreclosure No
Short Sale No
RE / Bank Owned No
Taxes $33,151

Listing Details

OfficeColdwell Banker Realty
Contact Info847-234-8000

Listing Map

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