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    OFF-MARKET
    Office Spaces

    474 Division Dr Ste H, Sugar Grove, IL 60554-5120

    1,523 SF Built 2008
    Entity Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US28-1391764
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents two vacant medical office condos totaling 4,366 square feet, situated at 474 Division Drive in Sugar Grove, Illinois, zip code 60554. The Class B building, constructed in 2008, is a brick structure ideally suited for a variety of medical practices, legal offices, insurance agencies, or similar professional uses. Currently in shell condition, this property offers a blank canvas for customization to meet specific tenant needs. The property is zoned B and features a multi-tenant lease type (NNN). Located near the intersection of Route 47 and Park Avenue, this prime location benefits from high visibility and significant traffic volume, with approximately 15,800 vehicles per day on Route 47. The surrounding area offers convenient access to a wealth of amenities, including retail stores, fast-food restaurants, banks, and grocery stores, ensuring a convenient and attractive environment for both tenants and clients. The asking price for this two-unit, 4,366 square foot property is $320,000. This is a rare opportunity to acquire a well-located, versatile medical office building in a thriving community. Don't miss out on this chance to own a piece of Sugar Grove's commercial real estate market.

    Property profile
    Verified
    Property type Office Spaces
    Use group OFFICE (GENERAL)
    Year built 2008
    Total area 1,523 SF
    APN 14-16-176-016
    UPID US28-1391764
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Brightest Stars Preschool High School Daycare Center
    • Dave Servatius - Financial Advisor, Ameriprise Financial Services, LLC Financial Advisor
    • Crosstown Financial Advisors - Ameriprise Financial Services, LLC Financial Advisor
    • Christopher A Forbes - Financial Advisor, Ameriprise Financial Services, LLC Financial Advisor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Harper Properties LLC · 2 yrs held
    Harper Properties LLC
    since 2023
    Last sale
    $325,000
    1 recorded transaction
    2023
    $325,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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