Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Galena Blvd At State Rte 56 Sugar Grove, IL

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Development property with frontage on Route 56 and Route 30.

    Lot size:
    44.38 Acres

    Property Features for Galena Blvd At State Rte 56

    General Information

    Lot size
    44.38 Acres

    We can help!

    Listing Contact
    Ryan Dolan
    Ryan Dolan
    Source: Moodyscre

    Listing Agency: Dolan & Murphy Inc Listing Agent: Ryan Dolan

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Development Property on Route 56

    This development property features frontage on Route 56 and the Route 30 interchange ramp, as well as Galena Boulevard. Access is available via the Route 56 and Route 30 interchange, and the property is located approximately one-half mile east of Route 47, and minutes south of I-88 East/West Tollway. The zoning is BP, and the best uses include office, retail, and high-density residential. Taxes for 2022 were $2,089.02.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Sugar Grove
    County
    Kane
    State
    Illinois
    Longitude
    -88.443686
    Latitude
    41.7614181

    Nearby Similar for Sale

    • New
      $1,280,000
      10,000 SF

      Sugar Grove Commercial Investment Opportunity

      10,000 sq ft warehouse with long-term tenant.
      1981 Bucktail Ln, Sugar Grove, IL 60554
      View Details
    • $2,390,000
      7.64 Acres

      Spacious Church Building in Sugar Grove

      Expansive 39,000 SF church with versatile spaces in Sugar Grove.
      1600 Beta Dr, Sugar Grove, IL 60554
      View Details
    • $1,280,000

      Sugar Grove Warehouse and Office

      Warehouse and office space in Sugar Grove industrial area.
      1981 Bucktail Ln, Sugar Grove, IL 60554
      View Details
    • Contact for pricing

      Heartland Drive Commercial Building For Sale

      10,400 SF building on 0.5 acres near major routes.
      620 N Heartland Dr, Sugar Grove, IL 60554
      View Details
    • Contact for pricing
      30,000 SF

      Freestanding Multi-Tenant Building For Sale

      Fully leased multi-tenant building with ample parking and direct access.
      769 N Heartland Dr, Sugar Grove, IL 60554
      View Details
    • Contact for pricing
      8,940 SF

      Speculative Buildings in Sugar Grove

      Five speculative buildings available for sale, lease, or build-to-suit.
      & Division Sugar Grove Pkwy, Sugar Grove, IL
      View Details

    FAQs

    What type of property is this?
    Land - Development property with frontage on Route 56 and Route 30.
    Where is this land located?
    The property is located at Galena Blvd At State Rte 56 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: - Excellent frontage on Route 56 & Route 30 interchange ramp and Galena Blvd, offering **high visibility**.; - Strategic location minutes from I-88 East/West Tollway, providing easy access to regional transportation.; - BP (Business Park) zoning allows for diverse development options including Office, Retail, and High-Density Residential.
    (630) 801-8800 Call to check price and availability
    Request Owner's contact information
    Galena Blvd At State Rte 56 Sugar Grove, IL
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Galena Blvd At State Rte 56
    Sugar Grove, IL
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Galena Blvd At State Rte 56 Sugar Grove, IL
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ryan Dolan
    Ryan Dolan
    Real Estate License ID: 475103405
    (630) 801-8800 (630) 774-8522
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!