0 Nec Hankes Rd. And Norris Rd, Sugar Grove, IL 60554
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.