1. Illinois
  2. Hoffman Estates
  3. 2306 Hassell Road
$3,799,000

2306 Hassell Road, Hoffman Estates, IL 60169

  • 20,400 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1978
  • Property Lot Size Icon2.72acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $186/sqft
  • Property List Date Icon Listed 27 days ago

Property Description

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. Currently there are two vacancies totaling 3,090 SF (one under LOI). Offered at a 7.50% cap rate with stable in-place income and lease-up potential. 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.

Listing Status:
Active
Listing Office:
Strauss Realty Ltd : 773-736-3600
Listing Agent:
Craig Wolf : 773-736-3600
MLS ID:
12399258
  • A/C: Central Individual

This listing courtesy of Craig Wolf, Strauss Realty Ltd

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

H

Hoffman Estates High School

1100 W Higgins Rd, Hoffman Estates, IL, 60169

Grades 9-12

1.50 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.