Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Vacant Commercial Land Title is generated by Realmo AI

    Lot 499001 Galligan Road, Gilberts, IL 60136

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,559,448

    7.16 acres of commercial land near Randall/I-90.

    Type:Commercial/Industrial
    Lot size:
    8.56 Acres
    Added:
    Mar 12, 2026
    Days on Market:
    72
    Last Refresh:
    Apr 6 at 3:54 am

    Property Features for Lot 499001 Galligan Road

    General Information

    Standard status
    Active
    Lot size
    8.56 Acres
    Property subtype
    Commercial/Industrial

    We can help!

    Listing Contact
    Sharon Bus
    Sharon Bus

    Listing agent Sharon Bus License #475131748

    Listing office Nest Equity Realty

    Listing date Mar 12, 2026

    Source Exitrealty

    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 Nest Equity Realty

    HighLights

    • 7.16 acres of prime vacant commercial land in Kane County.
    • Zoned for a wide range of uses including retail, service, office, medical, public, cultural, and recreational.
    • Located within 4 miles of Randall Road and I‑90.
    • Close proximity to a Metra train station.
    • Potential for special uses such as Planned Unit Developments (PUD) and dispensaries (subject to standards).
    • Opportunity to acquire additional adjacent properties, totaling close to 75 acres of commercial and industrial land.

    Overview

    This offering consists of 7.16 acres of vacant land in Kane County, currently zoned for commercial use. Additional properties are available, totaling close to 75 acres of commercial and industrial land. The property is located within 4 miles of Randall Road and I-90, and within 5 miles of a Metra train station. Permitted uses include retail business, service, office and professional, health, medical, and care facilities, public and utility, cultural, recreational, and entertainment, as well as similar and compatible uses. Special uses, subject to additional standards, include planned unit developments, retail business, service, health, medical, and care facilities, public and utility, educational, and assembly uses, new agricultural uses, buildings, and facilities, similar and compatible uses, and dispensaries. Access to the land requires permission.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Skin Care Clinic Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Gilberts
    County
    Kane
    State
    Illinois
    Longitude
    -88.3741
    Latitude
    42.1062

    Nearby Similar for Sale

    • $1,864,368

      Vacant Land in Gilberts, IL

      8.56 acres of commercial and industrial land for sale.
      Lot 230001 Galligan Road, Gilberts, IL 60136
      View Details
    • $1,221,858

      Commercial Land Near I-90

      5.61 acres of commercial land near Randall/I-90.
      Lot 277033 Galligan Road, Gilberts, IL 60136
      View Details
    • $5
      33 SF

      Development Opportunity in Gilberts Town

      Land available in a rapidly growing corridor with high visibility.
      Gilberts Town Center, Gilberts, IL 60136
      View Details
    • Contact for pricing

      Premium Garage Condos For Sale

      Secure, customizable garage condos with community amenities in Gilberts, Illinois.
      258-338 Columbia Drive (N corner of Tyrrell Rd & Columbia Ln), Gilberts, IL 60136
      View Details
    • $627,264

      Land Available on Galligan Road

      Land for sale at the corner of Koppie and Galligan.
      Lot 480017 Galligan Road, Gilberts, IL 60136
      View Details
    • $1,221,858

      Commercial Land on Galligan Road

      Commercial land available on Galligan Road in Gilberts, Illinois.
      Lot 277033 Galligan Road, Gilberts, IL 60136
      View Details
    • Contact for pricing
      9 SF

      Commercial Land Near I-90

      9.5 acre commercial land with development potential near I-90.
      NWC Higgins & Center, Gilberts, IL 60136
      View Details
    • Contact for pricing
      18,000 SF

      Industrial Property Near I-90 Interchange

      18,000 sq ft industrial facility with secured outside storage.
      185 Industrial Dr, Gilberts, IL
      View Details
    • $982,488

      Vacant Land in Gilberts

      8.52 acres of land zoned I-1 and P.
      Lot1 And Lot1a Koppie Road, Gilberts, IL 60136
      View Details
    • $862,488

      Industrial Land in Gilberts

      3.74 acres of industrial land ready to build.
      Lot 1 Koppie Road, Gilberts, IL 60136
      View Details

    FAQs

    What type of property is this?
    Commercial land - 7.16 acres of commercial land near Randall/I-90.
    Where is this commercial land located?
    The property is located at Lot 499001 Galligan Road Gilberts, IL.
    What is the asking price?
    The asking price for this property is $1,559,448.
    What are key features of this property?
    This property features: 7.16 acres of prime vacant commercial land in Kane County.; Zoned for a wide range of uses including retail, service, office, medical, public, cultural, and recreational.; Located within 4 miles of Randall Road and I‑90.
    (630) 464-7701
    We can help!
    Listing Contact
    Sharon Bus
    Sharon Bus
    Real Estate License ID: 475131748
    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
    Lot 499001 Galligan Road, Gilberts, IL 60136
    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!