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2306 Hassell Road, Hoffman Estates, IL 60169
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$3,749,000
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Home Details for 2306 Hassell Road
Price
$3,749,000
Type
Commercial/Industrial
Year Build
1978
County
Cook
Tax
$139,390
MLS®️ Listing#
12399258
On exitrealty.com
153 days
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.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.
Listing Courtesy: Strauss Realty Ltd - 773-736-3600
Based on information submitted to the MLS GRID as of 2025-11-10 14:16:25. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.Last Updated: 2025-11-10 14:16:25
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$3,749,000
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EXIT REALTY REDEFINED
2775 Algonquin Rd Suite 350, Rolling Meadows, IL 60008