Date
Details
Price
Change
Source
9/14/2025
Listed
$3,950,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$3,950,000
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Property Description
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-
Full Property Details
Full Property Details for 18238 W Gages Lake Rd
General
- Price: $3,950,000
- Taxes: $19,847 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12471894
- Updated: 11/5/2025
- Added to Site: 82 day(s) ago
Additional Information
- Security/Safety: Other
Location
- Area: Gages Lake / Grayslake / Hainesville / Third Lake
- County: Lake
- Township: Warren
- Driving Directions: GAGES LAKE & HUNT CLUB W2 Property.
- Location Details: North Suburban
Heating & Cooling
- Cooling Type: None
- Heating Type: Other
Utilities
- Sewer: Septic Tank
- Water: Well
- Onsite: Electricity to Site, Natural Gas Available
Structural Information
- Stories/Levels: 2
- Year Built: 1969
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 762,300
- Lot Dimensions: Appro x . 17+ Acres
- Zoning: OTHER
Financial Considerations
- Security Deposit: Other
- Assessment Year: 1969
- Tax Amount: $19,847.26
- Tax Year: 2024
- Pays Sewer: Septic Tank
Disclosures and Reports
- Property ID: 7302000060000
Buyer's Brokerage Compensation: Contact Listing Agent
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Schools
Schools serving 18238 W Gages Lake Rd
School Districts:Woodland Community Consolidated School District 50, Warren Township High School District 121
| Name | Grades | Distance |
|---|---|---|
Woodland Primary School 17366 W Gages Lake Rd, Gages Lake, IL 60030 | PK-K | 0.8 mi |
Woodland Elementary School, Gages Lake, IL 17261 West Gages Lake Road, Gages Lake, IL 60030 | 1-3 | 0.9 mi |
Woodland Intermediate School 1115 N Hunt Club Rd, Gurnee, IL 60031 | 4-5 | 2.1 mi |
Woodland Middle School 7000 Washington Street, Gurnee, IL 60031 | 6-8 | 0.9 mi |
Warren Township High School 34090 N Almond Rd, Gurnee, IL 60031 | 9-12 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 18238 W Gages Lake Rd
Tax History
Tax History for 18238 W Gages Lake Rd
Year
Property Taxes
Change
Tax Assessment
Change
2024
$10,155
15%
$124,999
8%
2023
$8,822
11%
$116,051
18%
2022
$7,966
3%
$98,594
4%
2021
$7,715
3%
$94,638
3%
2020
$7,487
—
$92,311
3%
2019
$7,477
-18%
$89,631
-16%
2018
$9,069
14%
$106,851
3%
2017
$7,953
-10%
$103,789
5%
2016
$8,806
3%
$99,167
5%
2015
$8,578
-2%
$94,051
—
2014
$8,728
4%
$94,051
1%
2013
$8,371
4%
$93,490
-2%
2012
$8,014
—
$95,805
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 18238 W Gages Lake Rd
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- Townhouse
- Active
- Updated 52 minutes ago
- 3Beds
- 3Total Baths
- 1,472Sq. Ft.
- Single Family
- Active
- Updated 2 days ago
- 2Beds
- 1Total Bath
- 1,000Sq. Ft.
- Single Family
- Active
- Updated 8 hours ago
- 3Beds
- 2Total Baths
- 1,524Sq. Ft.
- Single Family
- Active
- Updated 5 days ago
- 4Beds
- 3Total Baths
- 2,339Sq. Ft.
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- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 1Total Bath
- 1,000Sq. Ft.
- Townhouse
- Active
- Updated 2 days ago
- 2Beds
- 3Total Baths
- 2,318Sq. Ft.
- Single Family
- Active
- Updated 2 days ago
- 3Beds
- 2Total Baths
- 1,075Sq. Ft.
- Single Family
- Active
- Updated 8 hours ago
- 2Beds
- 2Total Baths
- 1,190Sq. Ft.
18238 W Gages Lake Road, Grayslake, IL 60030 (MLS# 12471894) is a Commercial property. 18238 W Gages Lake Road is currently listed for $3,950,000 and was received on October 30, 2025. This property is listed by Mercfoss Team from our Lake Forest Office.Want to learn more about 18238 W Gages Lake Road? Do you have questions about finding other Commercial real estate for sale in Grayslake? You can browse all Grayslake real estate or contact a Coldwell Banker agent to request more information.