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

    Sponsored
    For Sale
    Contact for pricing

    Prime 3.28-acre residential lot, ideal for townhomes.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3.28-acre lot presents a remarkable development opportunity in Sugar Grove, Illinois. Located at the hard corner of Nec Hankes Road and Norris Road, this property boasts a highly desirable location directly across from the Bliss Golf Course and bordered by the Prestbury Subdivision, ensuring strong demographics and high desirability. The property's zoning is currently TBD, but the City of Sugar Grove is actively seeking multi-family development proposals for this site, making it an attractive investment for developers. Convenient access to major transportation routes is provided by the nearby I-88/Rt. 56 interchange. Infrastructure is readily available, with a water main located across Norris Road to the west and sewer lines situated just north of the northwest corner of the lot. The APN numbers are 14-11-300-043 and 14-11-300-042. This property is priced subject to offer and presents a unique chance to capitalize on the growing Sugar Grove market. The site's prime location and potential for multi-family development make it a compelling investment opportunity. The 3.28-acre size offers ample space for a substantial project. Serious inquiries are encouraged.

    Property Features for 0 Nec Hankes Rd. And Norris Rd

    General Information

    Property type
    Land
    Lot Size
    142,877 SF

    HighLights

    • Price: Subject to Offer
    • Property Type: Land, 3.28 acres
    • High‑visibility corner lot at Nec Hankes Rd & Norris Rd, Sugar Grove, IL, across from Bliss Golf Course. Zoning TBD, but City actively seeking multi‑family development. Excellent access to I‑88/Rt. 56. Utilities nearby.
    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 - Prime 3.28-acre residential lot, ideal for townhomes.
    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: Price: Subject to Offer; Property Type: Land, 3.28 acres; High-visibility corner lot at Nec Hankes Rd & Norris Rd, Sugar Grove, IL, across from Bliss Golf Course. Zoning TBD, but City actively seeking multi-family development. Excellent access to I-88/Rt. 56. Utilities nearby.
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    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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