StefanieYarber
MLS#12590397
STATUSNew
PROPERTY TYPECommercial - Business
Property Description
Prime 17+ Acre Development Opportunity. Gages Lake, Illinois Residential - Commercial - Institutional - Luxury Estate Potential. Tucked in the heart of Lake County, this rare 17+ acre property offers the feeling of the North Woods without the long commute. Mature trees, wooded walking trails, and a stocked pond with a sandy beach create a peaceful natural setting rarely found this close to town. The property includes two single-family homes and one duplex producing rental income, providing immediate revenue while you plan the future of the land. With mixed-use commercial GC and residential R4 zoning already in place, the possibilities are exceptional - from residential development to an institutional campus, hobby farm, equestrian property, a private family compound, or a luxury estate. Imagine building your dream compound tucked into the woods toward the back of the property, running a business near the road frontage, and leveraging the existing homes for income in the front. The setting offers the feel of a North Woods weekend retreat - yet it's located right in Lake County, making it easy to enjoy nature without leaving the suburbs. The layout also allows owners to enjoy the property now while thoughtfully planning future improvements or phased development. Properties of this size and natural character are increasingly rare in Lake County, making this a compelling opportunity to create a private legacy estate. Located along Gages Lake Road, next to a school and the established Wooded Glen subdivision, this property represents a truly 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 beautiful 2700+ sq ft home, creating a full 18-acre offering for $3,950,000. --CONFIRMED SHOWINGS REQUIRED TO VIEW THE PROPERTY-
Property Features
Property Type: Commercial - Business
Cooling: None
Lot Size: 17.50 Acres
Stories: 2.0
Taxes: $19,847
Year Built: 1969
Feature Descriptions
Electric: Other
Fire Protection: Other
HVAC: Other
Lot Dimensions: Approx. 17+ Acres
Parcel#: 07302000060000
Utilities: Electric to Site, Natural Gas Available
Listed By / Shown By
Listed By
Agency Name: Coldwell Banker Realty
Agency Phone: 847-234-8000
Shown By
Agent Name: Stefanie Yarber
Agent Phone: Cell: (815) 995-0836
Agency Title: Gambino Realtors
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18238 W Gages Lake Road | MLS# 12590397
This commercial property located at 18238 W Gages Lake Road, Grayslake, IL 60030 is currently listed for sale with an asking price of $3,300,000. Search Grayslake real estate on syarber.gogambino.com today.