Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Frontage Lot on Route Title is generated by Realmo AI

    47 Saravanos Dr, Yorkville, IL 60560

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    0.93 acre corner lot in Stagecoach Crossing development.

    Type:Land
    Lot size:
    0.93 Acres
    Added:
    Jan 2, 2024
    Days on Market:
    871
    Last Refresh:
    May 12 at 10:38 pm

    Property Features for 47 Saravanos Dr

    General Information

    Standard status
    Active
    Lot size
    0.93 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Jason Pesola

    Listing agent Jason Pesola License #IL 475.164200

    Listing office Century 21 Integra

    Listing date Jan 2, 2024

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Integra

    HighLights

    • Prime 0.93‑acre frontage lot in the prestigious Stagecoach Crossing development.
    • Strategic corner location on IL Route 47 with high visibility.
    • Proximity to major retailers (Walgreens, Circle K, McDonald's) ensures high foot traffic.
    • All utilities are readily available on‑site.
    • Exceptional opportunity for investors and developers.
    • Located in the rapidly expanding landscape of Yorkville.

    Overview

    This 0.93-acre frontage lot is located within the Stagecoach Crossing development site. The property is positioned on a corner and has frontage on IL Route 47. It is situated near the intersection of IL Route 47 and IL Route 71, in proximity to retailers such as Walgreens, Circle K, and McDonald's. All utilities are available on-site. This property is located in Yorkville.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Yorkville
    County
    Kendall
    State
    Illinois
    Longitude
    -88.4334
    Latitude
    41.5984

    Nearby Similar for Sale

    • $2,490,000
      16,900 SF

      Yorkville School Building on Acreage

      16,900 SF school on 24.15 acres in Yorkville, IL.
      7481 Mill Road, Yorkville, IL 60560
      View Details
    • $499,000

      Well-Maintained Duplex in Yorkville, IL

      Duplex with rental income potential and flexible living options.
      402 W Washington Street, Yorkville, IL 60560
      View Details
    • $259,900

      Wooded Acreage in Yorkville, IL

      7.12 acre wooded parcel ready for custom home construction.
      Legion Road lot: 15, Yorkville, IL 60560
      View Details
    • $410,000

      Yorkville Duplex Investment Opportunity

      Duplex in Yorkville near schools, shopping, and downtown.
      112 Appletree Court, Yorkville, IL 60560
      View Details
    • $150,000

      Golf Course Homesite in Yorkville

      0.76-acre lot backing to Whitetail Ridge Golf Course.
      7633 Fairway Drive, Yorkville, IL 60560
      View Details
    • $200,000

      Yorkville, IL Land For Sale

      0.82 acre commercial land for sale in Yorkville, IL.
      6181 Legacy Circle, Yorkville, IL 60560
      View Details
    • $200,000

      Golf Course View Residential Land

      Residential land with golf course views in Yorkville, Illinois.
      7399 Fairway Drive lot: 209, Yorkville, IL 60560
      View Details
    • $100,000

      Yorkville Land For Sale

      Residential land available in Yorkville, Illinois.
      8032 Shadow Creek Lane, Yorkville, IL 60560
      View Details
    • $80,000

      Yorkville Homesite in Shadow Creek

      1.07-acre homesite in a luxury neighborhood.
      8148 Shadow Creek Lane, Yorkville, IL 60560
      View Details
    • $1,299,000
      5,047 SF

      Yorkville Flex Space with Warehouse

      Light industrial/flex property with showroom, warehouse, and fenced yard.
      1262 S Bridge St, Yorkville, IL 60560
      View Details
    • $2,000,000

      Yorkville Commercial Land on Rt. 47

      3.68 acre commercial property on Rt. 47 in Yorkville.
      1015 N Bridge Street, Yorkville, IL 60560
      View Details
    • $160,000

      Golf Course Homesite Opportunity

      Premier homesite overlooking the 18th hole in Whitetail Ridge.
      7751 Bentgrass Circle lot: 225, Yorkville, IL 60560
      View Details

    FAQs

    What type of property is this?
    Commercial land - 0.93 acre corner lot in Stagecoach Crossing development.
    Where is this commercial land located?
    The property is located at 47 Saravanos Dr Yorkville, IL.
    What is the asking price?
    The asking price for this property is $279,000.
    What are key features of this property?
    This property features: Prime 0.93‑acre frontage lot in the prestigious Stagecoach Crossing development.; Strategic corner location on IL Route 47 with high visibility.; Proximity to major retailers (Walgreens, Circle K, McDonald's) ensures high foot traffic.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jason Pesola
    Real Estate License ID: IL 475.164200
    Learn More
    Request Owner's contact information
    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.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    47 Saravanos Dr, Yorkville, IL 60560
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!