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$3,300,000

18238 W Gages Lake Road
Grayslake, Illinois 60030

New / MLS #12590618 / Vacant Land / Grayslake
Listing information updated 3/12/2026 at 12:23pm
Prime 17+ Acre Development Opportunity. Gages Lake, Illinois Residential - Commercial - Institutional - Luxury Estate Potential. Introducing a rare and versatile 17+ 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: 17+ Acres Structures: 3 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-
Water Front:
No
Square Feet:
N/A
Lot Size:
10.0-24.99 Acres
Acreage:
17
Tax Amount:
$33,152
Tax Year:
2024
Zip Code:
60030
City:
Grayslake
County:
Lake
School District(s):
50, 121
Elementary School:
N/A
Middle School:
N/A
High School:
Warren Township High School

Listing Office: Coldwell Banker Realty

Listing Office Phone: 847.234.8000

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 3/12/2026 at 12:23pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.

Grayslake, IL

Home to a recreational lake and a variety of community events, Grayslake is a vibrant village in central Lake County. The lake draws locals for activities like fishing, swimming, and boating in the summer, and ice fishing, hockey, and skating in the winter. Grayslake retains its rural ambience with...
$343,799
Average Sale Price
29
Average Days On The Market
99%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 18238 W Gages Lake Road, Grayslake, IL 60030
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18238 W Gages Lake Road, Grayslake, IL 60030 is a vacant land currently listed at $3,300,000. This vacant land has been listed on @properties Christie's International Real Estate since March 12th, 2026. Nearby schools include Warren Township High School.

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@properties Christie’s International Real Estate, the @properties Christie’s International Real Estate’s logo, and other various trademarks, logos, designs, and slogans herein are the registered and unregistered trademarks of At World Properties, LLC d/b/a @properties Christie’s International Real Estate.
Because At World Properties, LLC d/b/a @properties Christie’s International Real Estate and/or its owners have an interest in Proper Title, LLC, OriginPoint, A Rate Company, Christie’s International Real Estate, LLC, and Suburban Jungle, LLC, a referral to any of these entities may provide @properties Christie’s International Real Estate with a financial or other benefit. Working with @properties does not require you to use the services of any of these entities.
At World Properties, LLC and its subsidiaries do not discriminate against the use of Housing Choice Vouchers. Se Aceptan Vales de Elección de Vivienda.
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