2306 Hassell Road Hoffman Estates, IL 60169
$3,749,000
Active / MLS# 12399258 / Commercial - Retail / Hoffman Estates
0
Beds
20400
SqFt
POPLAR COMMONS SHOPPING CENTER: 20,438 SF multi-tenant retail center on 2.7 acres with 11 units and 111 parking spaces. Anchored by 7-Eleven and State Farm, with a strong mix of daily-needs tenants including a laundromat.93.8% leased. One unit under LOI. Offered at a 7.97% Cap Rate with stable in-place income and lease-up potential. Proforma 2026 NOI $303,988 and Cap Rate 8.11%. Recent capital improvements include full parking lot restoration, new rooftop HVAC (2023, 5-year warranty), and upgraded property-wide lighting. The property benefits from it's proximity to I-90 Barrington Rd interchange in the high-demand Golden Corridor. Located across the street from a large townhome subdivision and surrounded by multiple hotels, residential complexes, national retailers, and major employers. The zoning is B-2. Hoffman Estates features strong demographics with 50,000+ residents and avg. household income near $95K.
Baird & Warner New Client Care Team Agent Cell: 312.847.5702 Email
Property Details
Property Type: Commercial - Retail
Cooling: Central Individual
Lot Size: 2.72 Acres
Stories: 1.0
Year Built: 1978
Feature Descriptions
Electric: Separate Meters
Fire Protection: Sprinklers-Wet
HVAC: Gas
Lot Dimensions: 501X442X330X183
Number of Tenant(s): 10
Parcel#: 07062000150000
Parking: Over 100 Spaces, Common Parking, Lighted
Tenant Pays: Common Area Maintenance, Electricity, Heat, Taxes, Insurance, Scavenger, Sewer, Varies by Tenant
Units: 11
Location
See details and scored characteristics about this location.
Listing Office: Strauss Realty Ltd
Listing Office Phone: 773-736-3600
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Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
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