2306 Hassell Road, Hoffman Estates, IL

$3,799,000

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About 2306 Hassell Road

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 7.86% Cap Rate with stable in-place income and lease-up potential. Proforma 2026 Cap Rate 8.50%. 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.

Features of 2306 Hassell Road

MLS® # 12399258
Price $3,799,000
Bathrooms 0.00
Acres 0.00
Year Built 1978
Type Commercial Sale
Sub-Type Retail/Stores
Status Active

Community Information

Address 2306 Hassell Road
Area Hoffman Estates
City Hoffman Estates
County Cook
State IL
Zip Code 60169

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Central Individual
Fireplace No
Has Basement No

Additional Information

Days on Market 117
Zoning RTAIL
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeStrauss Realty Ltd
Contact Info773-736-3600

Listing Map

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