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, Grayslake, IL 60030
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Legacy Properties

Legacy Properties

+1(224) 999-9100
$ 3,300,000
Est. payment | /mo

17 Acres Lot

Save
$ 3,300,000
Est. payment | /mo
Save

17 Acres Lot

Key Details

Property Type Commercial

Sub Type Instut/To Develop

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12590636

Year Built 1969

Annual Tax Amount $33,151

Tax Year 2024

Lot Size 17.000 Acres

Lot Dimensions Approx. 17+ Acres

Property Sub-Type Instut/To Develop

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

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
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Chris Foss of  Coldwell Banker Realty 

Nearby Locations

Legacy Properties

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(224) 999-9100

managingbroker@legacypropertiesil.com

2325 Dean St, Suite 900, St Charles, Illinois 60175, USA

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18238 W Gages Lake RD