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    9S208 Il-47 Sugar Grove, IL 60554

    Sponsored
    For Sale
    $3,800,000

    High-traffic location, income-producing farmland.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 76-acre property presents a unique investment opportunity in Kane County, Illinois. Located on Illinois Route 47, it benefits from approximately 17,300 vehicles passing daily, making it ideal for commercial development. The land is currently income-producing farmland and features several outbuildings. The property is situated in the path of significant future development, including the ongoing Phase II widening of Route 47 to four lanes. Note that the existing home will be demolished as part of this road improvement project. Utilities consist of a well and septic system. The location offers unparalleled convenience, being just south of Sugar Grove and within five miles of Waubonsee Community College, Aurora University, Raging Waves Waterpark, Rich Harvest Farms, Stuart Sports Complex, Aurora Municipal Airport, and Boombah Sporting Goods Corporate Headquarters. Furthermore, its proximity to the new I-88 and Route 47 interchange (6.5 miles south) and the I-88 and Route 56 interchange (6 miles southwest) ensures excellent accessibility. Across the street is an electric substation. The asking price for this strategically positioned property is $3,800,000.

    Property Features for 9S208 Il-47

    General Information

    Property type
    Farms
    Lot Size
    3,310,560 SF

    HighLights

    • Income‑producing farmland with several outbuildings.
    • Prime development opportunity along Route 47, currently undergoing Phase II widening to four lanes.
    • Existing home to be demolished as part of the Route 47 widening project.
    • Utilities consist of a well and septic system.
    • Unincorporated Kane County location, south of Sugar Grove, near major amenities including Waubonsee Community College, Aurora University, and Raging Waves Waterpark.
    • Excellent accessibility near I‑88 and Route 47/56 interchanges, and across from an electric substation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Spa & Massage Hair Salon Nail Salon Hotel & Motel Auto Parts Store Gym & Fitness Electrical Service Car Rental Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Sugar Grove
    County
    Kane
    State
    Illinois
    Longitude
    -88.446837
    Latitude
    41.733759

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      Farmland in Path of Development

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    FAQs

    What type of property is this?
    Farm - High-traffic location, income-producing farmland.
    Where is this farm located?
    The property is located at 9S208 Il-47 Sugar Grove, IL.
    What is the asking price?
    The asking price for this property is $3,800,000.
    What are key features of this property?
    This property features: Income-producing farmland with several outbuildings.; Prime development opportunity along Route 47, currently undergoing Phase II widening to four lanes.; Existing home to be demolished as part of the Route 47 widening project.
    Request Owner's contact information
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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
    9S208 Il-47 Sugar Grove, IL 60554
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