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    18790 Gages Lake Rd Grayslake, IL 60030

    • Commercial land
    • 1.01 lot acres
    For Sale
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US28-5666165
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial land

    Property Details for 18790 Gages Lake Rd

    Lot size
    1.01 lot acres
    Property type
    Commercial land
    APN
    07-19-302-010
    APU
    719302010

    Description

    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Third Lake
    County
    Lake
    State
    Illinois
    Longitude
    -87.9997
    Latitude
    42.3574
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,082
    $52,031
    $0.00
    $52,031
    -
    $156,109
    $0.00
    $156,109

    Comparable in this City

    • Value Estimation by Request
      0.92 Acres

      34344 Us Hwy 45

      VACANT COMMERCIAL LAND • 0.92 Acres
      34344 Us Hwy 45, Third Lake, IL 60030-4031
      View Details
    • Value Estimation by Request
      0.35 Acres

      Us Hwy 45

      VACANT COMMERCIAL LAND • 0.35 Acres
      Us Hwy 45, Grayslake, IL 60030
      View Details
    • Value Estimation by Request
      5.48 Acres

      Us Hwy 45

      VACANT COMMERCIAL LAND • 5.48 Acres
      Us Hwy 45, Grayslake, IL 60030
      View Details
    • Value Estimation by Request
      6.21 Acres

      Rowena Rd

      VACANT COMMERCIAL LAND • 6.21 Acres
      Rowena Rd, Grayslake, IL 60030
      View Details
    • Value Estimation by Request
      0.85 Acres

      Rowena Rd

      VACANT COMMERCIAL LAND • 0.85 Acres
      Rowena Rd, Grayslake, IL 60030
      View Details
    • Value Estimation by Request
      0.71 Acres

      Rowena Rd

      VACANT COMMERCIAL LAND • 0.71 Acres
      Rowena Rd, Grayslake, IL 60030
      View Details

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      3.00 Acres

      Prime Commercial Land, Third Lake, IL

      Three-acre commercial lot, ideal development.
      18790 Gages Lake Rd, Grayslake, IL 60030
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    18790 Gages Lake Rd
    Grayslake, IL 60030
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    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
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