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

    NWC Division Dr. & Park Ave. Sugar Grove, IL

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

    Two lots totaling 1.84 acres zoned B-3.

    Type:LAND
    Lot size:
    1.84 Acres
    Added:
    Aug 5, 2025
    Days on Market:
    241
    Last Refresh:
    Mar 29 at 10:26 pm

    Property Features for NWC Division Dr. & Park Ave.

    General Information

    Standard status
    Active
    Lot size
    1.84 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Daniel T. Dolan
    Daniel T. Dolan

    Listing agent Daniel T. Dolan License #475120834

    Listing office Dolan & Murphy Inc

    Listing date Aug 5, 2025

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of Dolan & Murphy Inc

    Overview

    1.84 Acres Commercial Land Available

    This property features two lots totaling 1.84 acres. The property is zoned B-3: Regional Business District. The traffic count is approximately 15,800 vehicles per day on Route 47. Taxes for 2023 were $83.86.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Sugar Grove
    County
    Kane
    State
    Illinois
    Longitude
    -88.4437
    Latitude
    41.7614

    Nearby Similar for Sale

    • $2,390,000

      Spacious Church Building in Sugar Grove

      Expansive 39,000 SF church with versatile spaces in Sugar Grove.
      1600 Beta Drive, Sugar Grove, IL 60554
      View Details
    • $44,000

      Land in Sugar Grove, IL

      Located across from park and green space in Sugar Grove.
      1310 Airs Avenue lot: 96, Sugar Grove, IL 60554
      View Details
    • $80,000

      Sugar Grove Buildable Lot

      Large buildable lot in established Wynstone neighborhood.
      670 Sheffield Circle, Sugar Grove, IL 60554
      View Details
    • $900,000

      6.5 AC Commercial Land

      6.5 AC commercial land for sale in Sugar Grove.
      34 Division Dr, Sugar Grove, IL
      View Details
    • $1,280,000

      Land For Sale, Sugar Grove

      1.43 acre industrial land available in Sugar Grove, Illinois.
      1981 Bucktail Lane, Sugar Grove, IL 60554
      View Details
    • $80,000

      Residential Lot Near Golf Course

      A 0.25-acre lot suitable for building a home.
      408 Hankes Road, Sugar Grove, IL 60554
      View Details
    • Contact for pricing
      10,400 SF

      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
    • $409,682
      6 SF

      Commercial Lots on US Hwy 30

      Three commercial lots with frontage on US Hwy 30.
      NWC US Hwy 30 & Dugan Road, Sugar Grove, IL 60554
      View Details
    • Contact for pricing
      10,400 SF

      Sugar Grove Flex/Industrial/Office Building

      10,400 SF building with renovated office space.
      640 N Heartland Dr, Sugar Grove, IL 60554
      View Details
    • $125,000

      Residential Land in Sugar Grove

      Residential land available in Sugar Grove, Illinois.
      43W690 Marian Circle, Sugar Grove, IL 60554
      View Details
    • $55,000

      Residential Land in Sugar Grove

      Residential land with community features in Sugar Grove, Illinois.
      1070 Wheatfield Avenue lot: 92, Sugar Grove, IL 60554
      View Details
    • $74,000

      Residential Land in Sugar Grove

      Residential land for sale in Sugar Grove, Illinois, 0.38 acres.
      966 Wheatfield Avenue lot: 86, Sugar Grove, IL 60554
      View Details

    FAQs

    What type of property is this?
    Land - Two lots totaling 1.84 acres zoned B-3.
    Where is this land located?
    The property is located at NWC 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: 1.84 acres total land area.; Zoned B‑3: Regional Business District.; High traffic count: Approximately 15,800 vehicles per day on Route 47.
    (630) 774-8523 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Daniel T. Dolan
    Daniel T. Dolan
    Real Estate License ID: 475120834
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!