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Mario Bilotas

mario@fourdaughtersrealestate.com +1(847) 886-4663

$ 4,599,000

Est. payment -/mo

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Active

18238 W Gages Lake RD Grayslake, IL 60030

UPDATED:

Key Details

Property Type Commercial

Sub Type Instut/To Develop

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12508197

Year Built 1969

Annual Tax Amount $33,151

Tax Year 2024

Lot Dimensions Approx. 20 Acres

Property Sub-Type Instut/To Develop

Property 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 & 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-

Location

State IL

County Lake

Area Gages Lake / Grayslake / Hainesville / Third Lake

Zoning OTHER

Interior

Cooling None

Fireplace N

Exterior

Utilities Available Electric to Site, Natural Gas Available

Building

Dwelling Type Instut/To Develop

Sewer Septic Tank

Water Well

Listed by Chris Foss of Coldwell Banker Realty

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MY BLOGS

THE FRONT PORCH SWING

Oh, the memories. I remember my girls spending countless hours swinging front to back and side to side, hanging out with the neighborhood kids, splashing with the water hose, or crafting top-secret plans with their imaginations. It was awesome. How times have changed. With my two youngest girls slowly nearing college graduation and my older girls working hard in their careers, the days of simple life are taken over by group texts and long-distance daily check-ins. It's just not the same.

less is more, unless, it's for less.

Each day, I'd get my MLS home showing sheets ready, the electronic key card that opens lock-boxes, get dressed with minutes turning into seconds frantically starring at the time ticking away. All ready but just need to ...find ....one matching sock.

Contact Us

Phone

+1(847) 886-4663

mario@fourdaughtersrealestate.com

Address

205 W. Miner Street, Arlington Heights, IL, 60005