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$ 3,300,000
Est. payment /mo
Active
18238 W Gages Lake RD Grayslake, IL 60030
17 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12590618
Annual Tax Amount $33,152
Tax Year 2024
Lot Size 17.000 Acres
Lot Dimensions 384.9 x 1283.2 x 658.5 x 1036.4
Property Sub-Type Land
Property 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
Location
State IL
County Lake
Area Gages Lake / Grayslake / Hainesville / Third Lake / Wildwood
Interior
Fireplace N
Exterior
Utilities Available Electric to Site, Natural Gas Nearby
Building
Dwelling Type Land
Schools
High Schools Warren Township High School
School District 50 , 50, 121
Others
Ownership Fee Simple
Special Listing Condition None
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Chris Foss of Coldwell Banker Realty