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18238 W Gages Lake Road

Grayslake, IL 60030
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Acres17

Acres(Lot)

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. Im agine 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

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Detail Ic Property Details

Property Type : Land

Price : $3,300,000

AD Id : 76116264

MLS Id : MRD12590618

Lot Size : 17 Acres(Lot)

County : Lake

  • Map Map

Map

Feature Features

  • Lot Information

    Lot Dimensions: 384.9 x 1283.2 x 658.5 x 1036.4 Lot Acres: 17 Lot Size: 10.0-24.99 Acres

    Property Information

    Property Type: Land Sub Type: Land

  • Listing Price Information

    Original List Price:$3300000

  • Tax Information

    Annual Tax: $33152.2 Tax Year: 2024 Parcel Number: 07302000060000

  • School Information

    Senior High School: Warren Township High School
  • Utility Information

    Electric to Site, Natural Gas Nearby
  • Location Information

    City: Grayslake Direction: GAGES LAKE & HUNT CLUB W2 PROPERTY
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Nearby Home Value

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34110 S Circle Drive, Grayslake, IL, 60030 $69,900 -- -- -- 0.00 Acre(Lot)
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ByOwner last updated this listing 06/24/2026 @ 06:20

MLS: MRED #12590618 LISTED BY: Chris Foss, Coldwell Banker Realty 847-234-8000 SOURCE: Midwest Real Estate Data LLC (MRED) (Listings courtesy of Midwest Real Estate Data LLC (MRED) as distributed by MLS GRID)

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