Properties

Features
: Central Individual
Address Map
US
IL
Cook
Hoffman Estates
60169
Hassell
2306
Road
W89° 51' 55''
N42° 3' 42.8''
Barrington Road south of I-90 Interchange to Hassell Road, east to Property.
Hoffman Estates
Hoffman Estates
RTAIL
Additional Information
20400
Retail
Separate Meters
Separate Meters
501X442X330X183
11
11
3799000
1
Strauss Realty Ltd
Craig Wolf
Financial
Annually
141015
Listing Information
Dale Strauss
15401
Strauss Realty Ltd
878361
15401
MRED
Listing Information
110987
15401
Strauss Realty Ltd
Active
2026-10-07T05:06:06Z
2026-10-07T05:05:33Z
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.

Commercial Sale For Sale

2306 Hassell Road, Hoffman Estates, Illinois 60169

$3,650,000
Listing ID#12399258
QR Code
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 12399258
Price : $3,650,000
Year Built : 1978
Listing Status : Active
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