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    Nwc Of Division Dr & Park Ave Sugar Grove, IL 60554

    Sponsored
    For Sale
    $495,000

    Prime 1.84-acre commercial lot, high visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.84-acre commercial land parcel, located at the Northwest corner of Division Drive and Park Avenue in Sugar Grove, Illinois, presents a unique investment opportunity. The property, identified by APN numbers 14-16-126-006 and 14-16-126-007, is zoned B-3, designating it for Regional Business District use. This allows for a wide range of commercial development possibilities. The lot size totals 1.84 acres, conveniently divided into two 0.92-acre parcels. Its strategic location offers unparalleled visibility from Route 47, a major thoroughfare boasting an impressive daily traffic count of approximately 15,800 vehicles. This high traffic volume ensures significant exposure for any business established on the site. The 2023 property taxes amounted to $83.86. This property is situated in Kane County, Illinois, with a Sugar Grove zip code of 60554. The coordinates are 41.775241 latitude and -88.4444901 longitude. This prime location and flexible zoning make this an ideal site for a variety of commercial ventures. Serious inquiries are encouraged.

    Property Features for 0 Nwc Of Division Dr & Park Ave

    General Information

    Property type
    Land
    Lot Size
    80,150 SF

    HighLights

    • Two 0.92‑acre lots totaling 1.84 acres.
    • High traffic count: ~15,800 vehicles daily on Route 47.
    • B‑3 Regional Business District zoning.
    • 2023 property taxes: $83.86.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Sugar Grove
    County
    Kane
    State
    Illinois
    Longitude
    -88.4444901
    Latitude
    41.775241

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    FAQs

    What type of property is this?
    Land - Prime 1.84-acre commercial lot, high visibility.
    Where is this land located?
    The property is located at Nwc Of Division Dr & Park Ave Sugar Grove, IL.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: Two 0.92-acre lots totaling 1.84 acres.; High traffic count: ~15,800 vehicles daily on Route 47.; B-3 Regional Business District zoning.
    Request Owner's contact information
    Nwc Of Division Dr & Park Ave 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

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    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
    Nwc Of Division Dr & Park Ave Sugar Grove, IL 60554
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