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    Nec Hankes Rd. And Norris Rd Sugar Grove, IL 60554

    Sponsored
    For Sale
    Contact for pricing

    3.28 Acres, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3.28-acre commercial land parcel presents a remarkable investment opportunity in Sugar Grove, Illinois. Located at the hard corner of Nec Hankes Road and Norris Road, this property boasts a prime location directly across from the Bliss Golf Course and bordered by the established Prestbury subdivision. The site benefits from strong demographics and convenient access to major transportation routes via the nearby I-88/Rt. 56 interchange. This versatile land is ideally suited for a variety of developments, including a childcare center, mixed-use retail/office space, senior living facilities, or townhomes. The City of Sugar Grove is actively encouraging multi-family development on this site. Utilities are readily accessible, with the water main situated across Norris Road to the west and sewer lines located just north of the northwest corner of the lot. The property includes two parcel identification numbers: 14-11-300-043 and 14-11-300-042. The sale price is subject to offer. Don't miss this chance to acquire a highly desirable commercial property in a thriving community.

    Property Features for 0 Nec Hankes Rd. And Norris Rd

    General Information

    Property type
    Land
    Lot Size
    142,877 SF

    HighLights

    • 3.28± Acres of commercial land in Sugar Grove, IL.
    • Hard corner lot at Nec Hankes Road and Norris Road.
    • Parcel ID Numbers: 14‑11‑300‑043 and 14‑11‑300‑042.
    • Across from Bliss Golf Course, bordered by Prestbury Subdivision.
    • Strong demographics and convenient access to I‑88/Rt. 56.
    • Ideal for multi‑family development; City of Sugar Grove encourages this use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Sugar Grove
    County
    Kane
    State
    Illinois
    Longitude
    -88.4132353
    Latitude
    41.7824355

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    FAQs

    What type of property is this?
    Land - 3.28 Acres, Prime Location
    Where is this land located?
    The property is located at Nec Hankes Rd. And Norris Rd Sugar Grove, IL.
    What are key features of this property?
    This property features: 3.28± Acres of commercial land in Sugar Grove, IL.; Hard corner lot at Nec Hankes Road and Norris Road.; Parcel ID Numbers: 14-11-300-043 and 14-11-300-042.
    Request Owner's contact information
    Nec Hankes Rd. And Norris Rd 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
    Nec Hankes Rd. And Norris Rd Sugar Grove, IL 60554
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