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    Rte 56 & Galena Blvd Sugar Grove, IL 60554

    For Sale
    $3,106,600

    Prime 44-acre development site in Illinois.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 44.38-acre commercial land parcel presents a remarkable investment opportunity in Sugar Grove, Illinois. Strategically located at the intersection of Route 56 and Galena Boulevard (Route 30), this property boasts significant frontage on a major thoroughfare and benefits from convenient access to the Route 56 and Route 30 interchange. It's also situated a mere half-mile east of Route 47 and minutes south of the I-88 East/West Tollway, ensuring excellent connectivity and high visibility. The property is zoned R-2 PUD & B-3 PUD, making it ideally suited for a variety of development projects, including office spaces, retail establishments, and high-density residential complexes. With its expansive size and prime location, this land offers substantial potential for significant returns. The 2022 property taxes totaled $2,089.02. The asking price is $3,106,600, translating to $70,000 per acre. The APN is 14-14-300-019, and the ownership structure is a partnership. This is a rare opportunity to acquire a large, well-located parcel in a thriving area. Don't miss out on this chance to capitalize on the exceptional potential of this prime commercial land.

    Property Features for 0 Rte 56 & Galena Blvd

    General Information

    Property type
    Land
    Lot Size
    1,933,193 SF

    HighLights

    • $3,106,600 asking price for 44.38 acres of commercial land.
    • Located at Route 56 & Galena Blvd, Sugar Grove, IL 60554 (APN 14‑14‑300‑019).
    • Excellent visibility and access via Route 56 and Route 30 interchange, near Route 47 and I‑88.
    • R‑2 PUD & B‑3 PUD zoning, suitable for office, retail, and high‑density residential development.
    • $70,000/acre land value; 2022 taxes: $2,089.02.
    • Partnership ownership.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Sugar Grove
    County
    Kane
    State
    Illinois
    Longitude
    -88.4214338
    Latitude
    41.7703437

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    FAQs

    What type of property is this?
    Land - Prime 44-acre development site in Illinois.
    Where is this land located?
    The property is located at Rte 56 & Galena Blvd Sugar Grove, IL.
    What is the asking price?
    The asking price for this property is $3,106,600.
    What are key features of this property?
    This property features: $3,106,600 asking price for 44.38 acres of commercial land.; Located at Route 56 & Galena Blvd, Sugar Grove, IL 60554 (APN 14-14-300-019).; Excellent visibility and access via Route 56 and Route 30 interchange, near Route 47 and I-88.
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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
    Rte 56 & Galena Blvd Sugar Grove, IL 60554
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