Property profile

0 Il-47 Elburn, IL 60119

OFF-MARKET
Land
9.17 ac lot
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Property summary

AI-generated overview

This exceptional 9.17-acre commercial parcel is ideally situated in Elburn, Illinois, at the northeast corner of Route 47 (Main Street) and Hughes Road. Currently leased for agricultural use, this level lot boasts excellent highway visibility and frontage, presenting significant development potential. Its location within Elburn's designated south development area offers opportunities for commercial or mixed-use projects. The property's adjacency to an established NAPA Auto Parts store and proximity to the mature Blackberry Creek neighborhood (several hundred homes, schools, and parks built within the last 20 years) creates a strong foundation for future development. The site's contiguity to Elburn village limits allows for potential annexation, providing access to village services including utilities, police, and fire protection. Elburn's comprehensive land use plan designates this area for commercial development along Route 47, with potential for residential uses further east. All utilities are expected to be available, subject to buyer verification. An adjacent 18-acre parcel (separate ownership) offers the possibility of expanding the property to a total of 27 acres, encompassing the strategic Route 47/Hughes Road intersection. This presents a unique opportunity for a large-scale development. The asking price is $775,000. APN: 1108101010.

Property profile

Verified
Property type Land
Lot 9.17 ac (399,445 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Il-47 Elburn, IL 60119
Elburn metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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