18238 W Gages Lake Rd Grayslake, IL 60030
Estimated payment $26,835/month
Total Views
22
20
Acres
$229,950
Price per Acre
871,200
Sq Ft Lot
About This Lot
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-
Property Details
Property Type
- Land
Est. Annual Taxes
- $33,152
Lot Details
- 20 Acre Lot
- Lot Dimensions are 384.9 x 1283.2 x 658.5 x 1036.4
- Additional Parcels
Schools
- Warren Township High School
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $10,145 | $124,999 | $29,617 | $95,382 |
| 2023 | $10,145 | $116,051 | $27,497 | $88,554 |
| 2022 | $8,822 | $98,594 | $21,811 | $76,783 |
| 2021 | $7,966 | $94,638 | $20,936 | $73,702 |
| 2020 | $7,705 | $92,311 | $20,421 | $71,890 |
| 2019 | $7,477 | $89,631 | $19,828 | $69,803 |
| 2018 | $8,481 | $106,851 | $29,770 | $77,081 |
| 2017 | $7,953 | $103,789 | $28,917 | $74,872 |
| 2016 | $8,806 | $99,167 | $27,629 | $71,538 |
| 2015 | $8,578 | $94,051 | $26,204 | $67,847 |
| 2014 | $8,371 | $93,490 | $26,048 | $67,442 |
| 2012 | $8,014 | $94,205 | $26,247 | $67,958 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/30/2025 10/30/25 | For Sale | $4,599,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | National Title Solutions Inc |
Source: Public Records
About the Listing Agent
Expertise, personal attention and proven results are the hallmarks of the MercFoss Team of Coldwell Banker Realty, Lake Forest office, with over $176 Million in career sales.
Our vast professional network ensures every need is met, from staging to financing, disclosures and negotiations. This sophisticated, comprehensive approach has earned the MercFoss Team continual achievement awards and recognition.
The MercFoss Team successfully demonstrates what it means to have cohesive teamwork.
Chris' Other Listings
Source: Midwest Real Estate Data (MRED)
MLS Number: 12508271
APN: 07-30-200-006
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