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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Doug Anderson

Doug Anderson

+1(847) 687-3424
$4,599,000
Est. payment /mo
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Key Details

Property Type Commercial

Sub Type Instut/To Develop

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12508197

Year Built 1969

Annual Tax Amount $33,151

Tax Year 2024

Lot Dimensions Approx. 20 Acres

Property Sub-Type Instut/To Develop

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

Zoning OTHER

Interior

Cooling None

Fireplace N

Exterior

Utilities Available Electric to Site, Natural Gas Available

Building

Dwelling Type Instut/To Develop

Sewer Septic Tank

Water Well

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Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Chris Foss of  Coldwell Banker Realty 
Nearby Locations
SCHOOLSPROPERTIES
Elementary Schools 11
  • 8

    Prairie Crossing Charter School

    Public | KG - 8

  • 7

    Frederick School

    Public | 5 - 6

  • 6

    Woodland Intermediate School

    Public | 4 - 5

  • 5

    Woodland Elementary School

    Public | 1 - 3

  • 0

    Old School Montessori

    Private | PK - 6

  • 0

    Kindercare Learning Center-Lindenhurst

    Private | PK - KG

  • 0

    The Goddard School Third Lake

    Private | PK - KG

  • 0

    Gages Lake School

    Public | PK - 12

  • 0

    Laremont School

    Public | PK - 12

  • 0

    Woodland Primary School

    Public | PK - KG

  • 0

    Country Meadows Montessori School

    Private | PK - 8

Middle Schools 3
  • 6

    Woodland Middle School

    Public | 6 - 8

  • 0

    Montessori School of Lake Forest Adolescent Prgm

    Private | 7 - 9

  • 0

    Lake County Collaborative Alop

    Public | 7 - 12

High Schools 2
  • 10

    Warren Township High School

    Public | 9 - 12

  • 0

    Cyd Lash Academy

    Public | 9 - 12

School and business data provided by Attom Data.

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Doug Anderson

Doug Anderson

Designated Managing Broker

+1(847) 687-3424

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18238 W Gages Lake RD