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$ 3,650,000
Est. payment /mo
Price Dropped by $99K
2306 Hassell RD Hoffman Estates, IL 60169
20,400 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 20,400 sqft
Price per Sqft $178
MLS Listing ID 12399258
Year Built 1978
Annual Tax Amount $141,015
Tax Year 2025
Lot Dimensions 501X442X330X183
Property Sub-Type Retail/Stores
Property Description
POPLAR COMMONS SHOPPING CENTER: 20,438 SF multi-tenant retail center on 2.7 acres with 11 units and 111 parking spaces. 100% Leased! Located just blocks from the I-90 Barrington Road interchange in Hoffman Estates, Illinois. Tenants include national and regional operators such as 7-Eleven and State Farm, offering a strong mix of service-oriented and daily-needs retailers. PF NOI is $257K. The center is being offered at a 7.1% capitalization rate, presenting immediate yield. Recent capital improvements include a fully repaired parking lot with 111 spaces, upgraded lighting across the entire property, and a new rooftop HVAC unit installed in May 2023 with a 5-year warranty. In the summer and early fall of 2022, the parking lot underwent significant repairs including sewer line work, repaving, and striping. There are no capital expenditures anticipated in the near term. Most tenants operate under NNN and modified-gross leases with recoverable expenses, providing stable and predictable income. Situated in the heart of the Golden Corridor, the property benefits from strong demographics and easy access to major thoroughfares. With durable in-place cash flow, no near-term rollover, and strong surrounding fundamentals, 2306-2332 Hassell Road represents an attractive suburban retail investment opportunity.
Location
State IL
County Cook
Area Hoffman Estates
Zoning RTAIL
Interior
Cooling Central Individual
Fireplace N
Building
Dwelling Type Retail/Stores
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Listed by Craig Wolf of Strauss Realty Ltd
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