18238 W Gages Lake Rd, Grayslake, IL

Name: 18238 W Gages Lake Rd, For Sale in Grayslake - eXp Realty
Brand: coldwell banker realty
SKU: 12590618
Price: 3300000 USD

Real Estate

For Sale

Listed price in listed location currency (USD).

$3,300,000

000

MLS® 12590618

Key Facts
Description
Map

Key Facts

Type Other

Levels Land

Size -

Garage No

Taxes $33,152

Days Active 7

Lot Size 17 acres

Approx. Age

MLS® Number 12590618

Property Address: 18238 W Gages Lake Rd, Grayslake, IL, 60030-1817

Average square foot calculated using Size range provided by listing agent.

Description

Prime 17+ Acre Development Opportunity. Gages Lake, Illinois Residential - Commercial - Institutional - Luxury Estate Potential. Tucked in the heart of Lake County, this rare 17+ acre property offers the feeling of the North Woods without the long commute. Mature trees, wooded walking trails, and a stocked pond with a sandy beach create a peaceful natural setting rarely found this close to town. The property includes two single-family homes and one duplex producing rental income, providing immediate revenue while you plan the future of the land. With mixed-use commercial GC and residential R4 zoning already in place, the possibilities are exceptional - from residential development to an institutional campus, hobby farm, equestrian property, a private family compound, or a luxury estate. Imagine building your dream compound tucked into the woods toward the back of the property, running a business near the road frontage, and leveraging the existing homes for income in the front. The setting offers the feel of a North Woods weekend retreat - yet it's located right in Lake County, making it easy to enjoy nature without leaving the suburbs. The layout also allows owners to enjoy the property now while thoughtfully planning future improvements or phased development. Properties of this size and natural character are increasingly rare in Lake County, making this a compelling opportunity to create a private legacy estate. Located along Gages Lake Road, next to a school and the established Wooded Glen subdivision, this property represents a truly rare infill opportunity in Lake County. The 17+ acre parcel is offered at $3, 300, 000, with the option to acquire an additional .83-acre parcel featuring a beautiful 2700+ sq ft home, creating a full 18-acre offering for $3, 950, 000. --CONFIRMED SHOWINGS REQUIRED TO VIEW THE PROPERTY

MLS® Number12590618

Laundry Level

Central VacNo

FireplaceNo

Acreage17

Exterior

GarageNo

Approx. Age

Basement

Driveway

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Mar 12, 2026List Date

$3,300,000List Price

Commute

Commute

Starting Address

Destination Address

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