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    Swc Rte 47 & Harter Rd Sugar Grove, IL 60554

    Sponsored
    For Sale
    $1,093,000

    37.72 Acres, $1.09M, I-88 Access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 37.72-acre commercial and industrial land parcel presents a unique investment opportunity in Sugar Grove, Illinois. Located at the southwest corner of Route 47 and Harter Road, this property boasts a highly desirable location with excellent visibility and accessibility. The asking price is $1,093,000, translating to $29,000 per acre. Currently zoned for agricultural use, the land is strategically positioned within a proposed Tax Increment Financing (TIF) district, offering potential future development incentives. Its proximity to the new I-88 interchange (within 2 miles) ensures convenient access to major transportation arteries, significantly enhancing its logistical appeal for businesses. Furthermore, the property benefits from the availability of sewer and water services directly adjacent to the site. This prime location is also part of a planned business park/corridor, promising future growth and development in the area. The site's position across from Waubonsie Community College provides a strong potential customer base and workforce pool. This substantial acreage offers significant potential for a variety of commercial and industrial developments, making it an attractive proposition for investors and developers seeking a strategic foothold in a rapidly growing area. The combination of location, infrastructure, and future development prospects makes this a compelling investment opportunity.

    Property Features for 0 Swc Rte 47 & Harter Rd

    General Information

    Property type
    Land
    Lot Size
    1,643,083 SF

    HighLights

    • Located in a proposed Tax Increment Financing (TIF) district.
    • Two miles from the new I‑88 interchange.
    • Sewer and water utilities are available at the site.
    • Located in a planned commercial business park/corridor.
    • Across from Waubonsie Community College.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Sugar Grove
    County
    Kane
    State
    Illinois
    Longitude
    -88.4616931
    Latitude
    41.7936304

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    FAQs

    What type of property is this?
    Land - 37.72 Acres, $1.09M, I-88 Access
    Where is this land located?
    The property is located at Swc Rte 47 & Harter Rd Sugar Grove, IL.
    What is the asking price?
    The asking price for this property is $1,093,000.
    What are key features of this property?
    This property features: Located in a proposed Tax Increment Financing (TIF) district.; Two miles from the new I-88 interchange.; Sewer and water utilities are available at the site.
    Request Owner's contact information
    Swc Rte 47 & Harter Rd Sugar Grove, IL 60554
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    Sugar Grove, IL 60554
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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
    Swc Rte 47 & Harter Rd Sugar Grove, IL 60554
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