18238 W Gages Lake Rd

Grayslake, IL 60030

$4,599,000
Price
871,200 / 20
Lot Size / Acres
a view of a lake view
an aerial view of residential house with outdoor space and trees all around
a front view of a house with a yard and trees
a view of a park with large trees
a view of house with a yard
a view of house with outdoor space and sitting area
a view of a swimming pool with a tree
a view of a swimming pool with lawn chairs under an umbrella
a view of a swimming pool with an outdoor space
a view of a trees with a yard
a view of a garden
a view of yard with large trees
a view of yard with swimming pool and green space
a backyard of a house with table and chairs and potted plants
a view of a house with a park
a view of a house with a yard and garden
a view of a garden with a plant

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...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-
  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
Township
Warren
Ownership
Fee Simple
Num Of Parking Spaces
0.0
LISTING UPDATED: 11/07/2025 02:01 AM

Property Details for 18238 West Gages Lake Road

StatusActive
MLS #12508271
Days on Market118
Taxes$33,152 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand
Year Built-
Lot Size20.00 AC
CountyLake County

Location

Listing Courtesy of Coldwell Banker Realty
Add your commute

Building Information for 18238 West Gages Lake Road

Lot Size20.00 AC

Payment Calculator

$25,177 per month

30 year fixed, 6.15% Interest

Principal and Interest

$22,415

Property Taxes

$2,763

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 18238 West Gages Lake Road

General Information
School Information
  • Elementary School District: 50
  • High School District: 121
  • High School: Warren Township High School
  • Middle Or Junior School District: 50
Location and General Information
  • Frontage Length: 384.9
  • Frontage Type: City Street
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Basement Bathrooms: No
  • Num of Baths: 0.0
Exterior Features
  • Backup Package: No
Utilities / Equipment
  • Utilities: Electric to Site, Natural Gas Nearby
Property/Lot Information
  • Lot Size: 10.0-24.99 Acres
  • Lot Dimensions: 384.9 x 1283.2 x 658.5 x 1036.4
  • Buildings on Land: Yes
  • Waterfront: No
  • General Information: None
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 18
  • OpenHouse Count: 0
Miscellaneous
  • Current Use: Residential
  • Road Surface: Gravel
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No

Property History for 18238 West Gages Lake Road

DateEvent & SourcePriceAppreciation
Oct 30, 2025

Listed (Active)

MRED #12471894

$3,950,000—
Oct 30, 2025

Listed (Active)

MRED #12508271

$4,599,000—
DateEvent & SourcePrice
10/30/2025

Listed (Active)

MRED #12471894

$3,950,000
10/30/2025

Listed (Active)

MRED #12508271

$4,599,000

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$29,617Additions$95,382Total$124,999
Tax Record2024$10,155 ($846 / 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 20 ac of land for sale in Grayslake, IL 60030. This property was listed for sale on October 30, 2025 by Coldwell Banker Realty, it's currently listed at $4,599,000. 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, 20 ac of land on a 871,200 sq. ft. / 20 acres lot.

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 11/07/2025 02:01 AM. 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.