Hoffman Estates, IL 60169 2306 Hassell Road
$3,749,000



1 more

Presented By: Strauss Realty Ltd
Home Details
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.
Presented By: Strauss Realty Ltd
General for 2306 Hassell Road
Additional Parcels Y/NNo
Assoc Fee Paid PerAnnually
Business TypeRetail
Cap Rate7.97
CityHoffman Estates
CoolingCentral Individual
CountyCook
DirectionsBarrington Road south of I-90 Interchange to Hassell Road, east to Property.
ElectricSeparate Meters
Leasable Area
Lot Size Square Feet118697
MLS AreaHoffman Estates
Net Operating Income298720
Number Of Units Total11
Property TypeCommercial Sale
Property TypeRetail/Stores
Standard StatusActive
StatusActive
Stories Count1
Tax Annual Amount139390
Tax Year2023
Tenant PaysCommon Area Maintenance, Electricity, Heat, Taxes, Insurance, Scavenger, Sewer, Varies by Tenant
TownshipSchaumburg
Year Built1978
ZoningRTAIL
Exterior for 2306 Hassell Road
Building Area Total20400
Lot Dimensions501X442X330X183
Additional Details
Price History

SQFT • 20,400