18238 W Gages Lake Rd

Grayslake, IL 60030

$3,300,000
Price
—
Beds
—
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
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a view of a city
a view of city
front view of a house with a yard
a backyard of a house with table and chairs
a view of a lake view
a view of a house with a big yard and large trees
a view of house with outdoor space and sitting area
a view of a house with a yard
a view of a lake view
a view of a park with large trees
a view of a swimming pool
a swimming pool with trees in the background
a view of a swimming pool with an outdoor space
a view of yard with large trees
a view of yard with swimming pool and green space
a view of outdoor space and yard
a view of a lake with a yard

Description

Prime Mixed GC and R4 Zoning on this 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 featured residence, built in 1969, offers 4 bedrooms, 2 full baths,...Prime Mixed GC and R4 Zoning on this 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 featured residence, built in 1969, offers 4 bedrooms, 2 full baths, and approximately 2,269 square feet, thoughtfully positioned to capture tranquil views of the pond and surrounding landscape. Its placement feels intentional, allowing the home to take full advantage of one of the property's most attractive natural features while creating a sense of privacy and retreat. With mature trees, water views, and a setting that feels nestled into nature, the home serves as both a comfortable residence and an integral part of the property's broader estate appeal. The property also includes a single family home and a 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, private family compound, or 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 is 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 2,700+ square foot home, creating a full 18-acre offering for $3,950,000. --confirmed showings required to view the property-
  1. Listed by Chris Foss • Coldwell Banker Realty
    P: (847)-971-8524 C: (847)-971-8524 chris.foss@cbexchange.com
  2. Listed by Donna Mercier • Coldwell Banker Realty
    P: (847)-757-6538 donna.mercier@cbexchange.com;Chris.Foss@cbexchange.com

Property Details for 18238 West Gages Lake Road

Area
Gages Lake / Grayslake / Hainesville / Third Lake / Wildwood
Township
Warren
Air Conditioning Type
None
Zoning
OTHER
LISTING UPDATED: 04/25/2026 02:12 PM

Property Details for 18238 West Gages Lake Road

StatusActive
MLS #12590397
Days on Market62
Taxes$19,847 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMixed Use
MLS TypeCommercial Sale
Year Built1969
Lot Size17.50 AC / 762,300 SF
CountyLake County
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Location

Listing Courtesy of Coldwell Banker Realty
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Building Information for 18238 West Gages Lake Road

Stories2Residences-Year Built1969Lot Size17.50 AC / 762,300 SF

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$18,271 per month

30 year fixed, 6.46% Interest

Principal and Interest

$16,617

Property Taxes

$1,654

HOA Dues

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Property Information for 18238 West Gages Lake Road

General Information
Location and General Information
  • Geographic Locale: North Suburban
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: None
  • Electric: Other
  • Heat/Ventilation: Other
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 0
Utilities / Equipment
  • Sewer: Septic Tank
  • Water: Well
  • Utilities: Electric to Site, Natural Gas Available
Property/Lot Information
  • Owners Association: No
  • Built Before 1978: Yes
  • Approximate Age: 36-50 Years
  • Lot Dimensions: Approx. 17+ Acres
  • Lot Size Square Feet: 762300.0
  • Stories: 2
  • Fire Protection: Other
  • # Of Offices: 0
  • # Of Stores: 0
  • Property Sub Type: Mixed Use
  • MRD_UNC: Yes
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 19
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 0
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $.00
  • Gross Scheduled Income: $.00
  • Insurance Expense: $.00
  • Total Monthly Income: 0
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00

Property History for 18238 West Gages Lake Road

DateEvent & SourcePriceAppreciation
Mar 12, 2026

Listed (Active)

MRED #12590618

$3,300,000—
Mar 12, 2026

Listed (Active)

MRED #12590397

$3,300,000—
Mar 12, 2026

Cancelled

MRED #12471894

$3,950,000—
DateEvent & SourcePrice
03/12/2026

Listed (Active)

MRED #12590618

$3,300,000
03/12/2026

Listed (Active)

MRED #12590397

$3,300,000
03/12/2026

Cancelled

MRED #12471894

$3,950,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 18238 West Gages Lake Road

Taxable ValueLand$34,515Additions$111,157Total$145,672
Tax Record2025$10,459 ($872 / month)
Home Facts
Beds0Baths2Total Finished SqFt2,269 SqFtAbove Grade Finished SqFt2,269 SqFtStories2Lot Size87,120 SqFtStyleSingle Family ResidenceYear Built1969CountyLAKEAPN07-30-200-006Fireplace TypeHas Fireplace

Schools near 18238 West Gages Lake Road

This home is within Warren Twp Hsd 121 School District.
Rating
School
Type
Grades
Distance
Woodland Elementary School
Public - 1 to 3
Woodland Intermediate School
Public - 4 to 5
Woodland Middle School
Public - 6 to 8
Warren Township High School
Public - 9 to 12
Rating
School
Distance
Woodland Elementary School
Public1 to 3

Woodland Intermediate School
Public4 to 5

Woodland Middle School
Public6 to 8

Warren Township High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 18238 West Gages Lake Road, Grayslake, IL 60030

18238 West Gages Lake Road is a mixed use property for sale in Grayslake, IL 60030. This property was listed for sale on March 12, 2026 by Coldwell Banker Realty, it's currently listed at $3,300,000. This listing's school districts are Woodland Central Consolidated School District 50, Warren Twp Hsd 121 School District. Nearby schools include Woodland Elementary School, Woodland Intermediate School and Woodland Middle School. 18238 West Gages Lake Road is a 0-bed, 0-bath, mixed use property built in 1969.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 04/25/2026 02:12 PM. 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.