Property profile

0 Nec Hankes Rd. And Norris Rd Sugar Grove, IL 60554

OFF-MARKET
Land
3.28 ac lot
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Property summary

AI-generated overview

This exceptional 3.28-acre lot presents a remarkable development opportunity in Sugar Grove, Illinois. Located at the hard corner of Nec Hankes Road and Norris Road, this property boasts a highly desirable location directly across from the Bliss Golf Course and bordered by the Prestbury Subdivision, ensuring strong demographics and high desirability. The property's zoning is currently TBD, but the City of Sugar Grove is actively seeking multi-family development proposals for this site, making it an attractive investment for developers. Convenient access to major transportation routes is provided by the nearby I-88/Rt. 56 interchange. Infrastructure is readily available, with a water main located across Norris Road to the west and sewer lines situated just north of the northwest corner of the lot. The APN numbers are 14-11-300-043 and 14-11-300-042. This property is priced subject to offer and presents a unique chance to capitalize on the growing Sugar Grove market. The site's prime location and potential for multi-family development make it a compelling investment opportunity. The 3.28-acre size offers ample space for a substantial project. Serious inquiries are encouraged.

Property profile

Verified
Property type Land
Lot 3.28 ac (142,877 SF)

Cap rate & NOI

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

Location

Nec Hankes Rd. And Norris Rd Sugar Grove, IL 60554
Sugar Grove metro
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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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