IL > Grayslake
Grayslake, IL 60030,18238 W Gages Lake RD
Grayslake, IL 60030,18238 W Gages Lake RD
Grayslake, IL 60030,18238 W Gages Lake RD
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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Michael Bempah

Michael Bempah

+1(630) 206-9116
$ 4,599,000
Est. payment | /mo
Save
$ 4,599,000
Est. payment | /mo
Save

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

Midwest Real Estate Data (MRED) IDX
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Chris Foss of  Coldwell Banker Realty 
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Michael Bempah
Michael Bempah

Broker | License ID: 475.175881

+1(630) 206-9116

50 S Main St, Naperville, IL, 60540, USA

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18238 W Gages Lake RD

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