0 Galena BlvdSugar Grove, IL 60554

Property Details for 0 Galena Blvd

Lot size

37.00 AC

Property type

Land

Description

This exceptional 37-acre commercial land parcel, located at the southwest corner of IL-47 and W Galena Blvd in Sugar Grove, IL (60554), presents a unique investment opportunity. Zoned B3 – Regional Business District, this annexed property is fully approved for commercial development, including a fully approved plan for an 11-acre Phase 1 development. The annexation agreement includes allowances for four banks, four Class “E” (restaurants), and two Class “B” (package) liquor licenses. A pre-approved sales tax rebate from Sugar Grove further enhances the financial appeal. The site boasts a regional, lighted intersection leading to Yorkville and benefits from excellent visibility and accessibility. Situated just east of the Aurora Municipal Airport, home to the Air Classics Museum of Aviation, this location enjoys strong traffic counts, with 15,800 vehicles daily on Route 47 and 16,900 vehicles daily on US Hwy 30/Rt 56. The property's proximity to Waubonsee Community College (ranked #7 Best Community College in the Chicago Area) and its strong demographics contribute to its high potential. A prepaid easement ($75,000) for utilities is in place, and there is no recapture. A fuel tenant lease for a 2-acre corner lot is also available (details upon request). The property's PIN numbers are 14-16-300-012 & 14-16-400-016, and the current annual taxes are $2,145. Asking price: $3,900,000.

Location Insight

City

Sugar Grove

County

Sugar Grove

State

Illinois

Latitude

41.772

Longitude

-88.4427

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