Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    18790 Gages Lake Rd Grayslake, IL 60030

    Sponsored
    For Sale
    Contact for pricing

    Three-acre commercial lot, ideal development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional three-acre commercial land parcel presents a remarkable development opportunity in the affluent Third Lake area of Lake County, Illinois. Located at 18790 W Gages Lake Rd, Third Lake, IL 60030, this property consists of three one-acre parcels, offering flexibility for various commercial ventures. The property boasts a highly desirable Commercial zoning designation, making it suitable for a wide range of uses. With a strategic location near Gages Lake and experiencing high traffic volume (over 20,000 vehicles daily) on US Highway 45, this site offers unparalleled visibility and accessibility. The 2020 property taxes were $4,372.20 per parcel. This presents a compelling investment opportunity, particularly attractive for 1031 exchange considerations. The asking price is subject to offer. Serious inquiries are encouraged to explore the potential of this exceptional commercial land offering.

    Property Features for 18790 Gages Lake Rd

    General Information

    Property type
    Land
    Lot Size
    130,680 SF

    HighLights

    • 3‑acre commercial land parcel (3 x 1‑acre parcels) in desirable Third Lake, IL.
    • Price: Offers considered.
    • 2020 Property Taxes: $4,372.20 per parcel.
    • Excellent 1031 exchange opportunity.
    • Commercial zoning.
    • High visibility: 20,000+ vehicles daily on US Highway 45.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grayslake
    County
    Lake
    State
    Illinois
    Longitude
    -87.999687
    Latitude
    42.3574399

    Nearby Similar for Sale

    • $629,900
      0.14 Acres

      Prime Corner Location in Grayslake

      Thriving downtown location with redevelopment potential for restaurant/bar.
      102-106 Center St, Grayslake, IL 60030
      View Details
    • $950,000
      0.66 Acres

      Renovated Storefront Building with Parking

      Fully rented two-unit building on busy state highway.
      55 Barron Blvd, Grayslake, IL 60030
      View Details
    • $549,900
      0.29 Acres

      Mixed-Use Building on Hwy 45

      Versatile commercial/residential building in high-visibility location on Hwy 45.
      33125 N Us Highway 45, Grayslake, IL 60030
      View Details
    • $549,900
      0.30 Acres

      Grayslake Commercial Suites For Sale

      Five suites, plus apartment, suitable for retail or office.
      33125 N Us 45 Hwy, Grayslake, IL 60030
      View Details
    • $350,000

      Historic Grayslake Triplex Investment Opportunity

      Historic 3-unit building in downtown Grayslake near amenities and Metra.
      40 S Slusser St, Grayslake, IL 60030
      View Details
    • $299,900
      2,734 SF

      Grayslake Office Condo - Prime Location

      Turn-key office condo, Route 120 visibility.
      4 Deer Point Rd, Grayslake, IL 60030
      View Details
    • $650,000
      2,376 SF

      Downtown Grayslake Commercial Property

      Prime location, mixed-use building, high potential.
      132 Center St, Grayslake, IL 60030
      View Details
    • $1,995,000
      34,218 SF

      Grayslake Industrial Space - Huge Potential

      Massive Office/Warehouse, 34,218 SF, 1.27 Acres
      350 Center St, Grayslake, IL 60030
      View Details
    • $950,000
      8,380 SF

      Grayslake Retail Investment Opportunity

      Two-unit storefront, high-traffic location.
      55 Barron Blvd, Grayslake, IL 60030
      View Details
    • $1,399,000
      6,823 SF

      Grayslake Office Building - Prime Location

      Fully Leased, High-End Office Suites
      146 Center St, Grayslake, IL 60030
      View Details
    • $629,900
      3,150 SF

      Grayslake Retail Corner Property

      High-traffic location, redevelopment potential
      102-106 Center St, Grayslake, IL 60030
      View Details
    • Contact for pricing
      4,500 SF

      Grayslake Business Space for Lease

      4,500 sq ft, Ample Parking, Great Location
      18880 Gages Lake Rd, Grayslake, IL 60030
      View Details

    FAQs

    What type of property is this?
    Land - Three-acre commercial lot, ideal development.
    Where is this land located?
    The property is located at 18790 Gages Lake Rd Grayslake, IL.
    What are key features of this property?
    This property features: 3-acre commercial land parcel (3 x 1-acre parcels) in desirable Third Lake, IL.; Price: Offers considered.; 2020 Property Taxes: $4,372.20 per parcel.
    (847) 506-1000
    Request Owner's contact information
    18790 Gages Lake Rd Grayslake, IL 60030
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    18790 Gages Lake Rd
    Grayslake, IL 60030
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    18790 Gages Lake Rd Grayslake, IL 60030
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.