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18238 W Gages Lake Rd - Compound 17 Acres of Commercial Land Offered at $4,606,041 CAD in Grayslake, IL 60030
Executive Summary
* Mixed-use zoning already in place: GC commercial and R4 residential
* Strong potential for residential development, commercial use, institutional campus, hobby farm, equestrian property, private compound, or luxury estate
* North Woods-style setting with mature trees, wooded trails, stocked pond, and sandy beach
* Includes two single-family homes and one duplex producing rental income
* Existing income stream allows buyer to hold property while planning future development
* Flexible layout: business/frontage use near Gages Lake Road, private estate or development toward rear
* Located next to a school and the established Wooded Glen subdivision
* Rare combination of acreage, natural beauty, income, zoning flexibility, and suburban location
* 17+ acre parcel offered at $3,300,000
* Optional additional .83-acre parcel with 2,700+ sq. ft. home available
* Full 18-acre package offered at $3,950,000
* Confirmed showings required to view property
Property Facts
| Price | $4,606,041 CAD | Property Type | Land |
| Sale Type | Owner User | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 17.00 AC |
| Zoning | GC / R4 - Frontage and 50% is GC Commercial and the remainder is 50% R4 Residential. Half GC / Half R4 | ||
| Price | $4,606,041 CAD |
| Sale Type | Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 17.00 AC |
| Zoning | GC / R4 - Frontage and 50% is GC Commercial and the remainder is 50% R4 Residential. Half GC / Half R4 |
1 Lot Available
Lot
| Price | $4,606,041 CAD | Lot Size | 17.00 AC |
| Price Per AC | $270,943.58 CAD |
| Price | $4,606,041 CAD |
| Price Per AC | $270,943.58 CAD |
| Lot Size | 17.00 AC |
Rare 17+ acre Gages Lake opportunity with wooded trails, stocked pond, sandy beach, income-producing homes, and GC/R4 zoning. Ideal for development, estate, compound, business, or institutional use. Offered at $3.3M.
Description
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.
Presented by
18238 W Gages Lake Rd - Compound
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