Prime Commercial Lots

NWC US Hwy 30 & Dugan Road Sugar Grove, IL 60554

NWC US Hwy 30 & Dugan Road, Sugar Grove, IL, 60554
NWC US Hwy 30 & Dugan Road, Sugar Grove, IL, 60554
FOR SALE
Property Type:
Other Land
Amount:
$1,419,620
Last Verified:
Dec 10, 2024

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Highlights

  • Three commercial lots.
  • From 1.98 to 2.38 acres.
  • Combine for up to 6.34 acres.
  • Flexible M1 zoning, plus B3 uses.
  • The property is in a TIF district.
  • Located at NWC of US 30 & Dugan Rd.
  • Additional frontage on Airpark Dr.
  • Just west of Aurora Municipal Airport.

Description

Three vacant commercial lots with great frontage on US Hwy 30 and Dugan Rd. Lot sizes range from 1.98 to 2.38 acres. May be combined for up to 6.34 acres. The north side of lots has direct access to Airpark Drive.

• Lot 1 – 1.98 ac $6.00/sf = $ 517,493 – Corner Lot 2023 Taxes: $1,068
• Lot 2 – 1.98 ac $4.75/sf = $ 409,682 2023 Taxes: $1,043
• Lot 3 – 2.38 ac $4.75/sf = $ 492,445 2023 Taxes: $1,219

• Total: 6.34 ac $5.14/sf = $ 1,419,620

The subject property is zoned M1 (Limited Manufacturing) with a Special PUD Provision (SU) use allowing B3 (Regional Business District) uses, including a variety of retail, business services, and designated special uses. These include several recreational uses and senior apartments. This property is in a TIF district.

Note that there will be some restrictions added at the discretion the sellers. These use and architectural guidelines will be defined and added to the association covenants, and will in place prior to closing.

At the northwest corner of US Hwy 30 and Dugan Road. Adjacent to Aero Corporate Park. Just west of the Aurora Municipal Airport, at the western edge of the Chicago metro area. Located 48 miles west of downtown Chicago. 3 miles to Rt 47. Easy access to I-88 east/west tollway and Rt 47. Just 9 miles to downtown Aurora. 30 minute drive to DeKalb, Naperville or St. Charles.

Lot Size: 6.34 acres


Documents

US Hwy 30 & Dugan Rd - Sale Brochure

Map of NWC US Hwy 30 & Dugan Road, Sugar Grove, IL, 60554

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.