18238 W Gages Lake Rd
Grayslake, IL 60030

Prime 17+ acre development opportunity in Gages Lake, Illinois, offering exceptional flexibility for residential, commercial, institutional, or luxury estate use. Set in the heart of Lake County, this rare property combines convenience with a peaceful North Woods-style setting featuring mature trees, wooded walking trails, a stocked pond, and a sandy beach.
The property includes two single-family homes and one duplex that generate rental income, providing immediate revenue while future plans are developed. With mixed-use commercial GC and residential R4 zoning already in place, the site offers a wide range of possibilities, including residential development, an institutional campus, hobby farm, equestrian property, private family compound, or legacy estate.
The layout allows for multiple uses, with potential business or commercial use near the Gages Lake Road frontage and a private residence or estate setting toward the wooded rear of the property. Located next to a school and the established Wooded Glen subdivision, this is a 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 2,700+ sq. ft. home, creating a full 18-acre offering for $3,950,000. Confirmed showings required.