$3,650,000

2306 Hassell Road, Hoffman Estates IL, 60169

Price per sqft$178.92

Built in1978

Property size20,400 sqft

Property typeCommercial

Listed by Craig Wolf with Strauss Realty Ltd 773-736-3600

Overview

Active

Re-activated

Listed Jun 23, 2025

Updated 3 days ago

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.

Additional information

MLS^® ID: 12399258

Interior Features

Bedrooms: 0
Cooling: Yes
Basement: No

Exterior Features

Lot Size: 2.72 Acres

Other Property Details

Taxes: $141,015
Tax Frequency: Annually
Association Fee Frequency: Yearly

Listed by Craig Wolf with Strauss Realty Ltd 773-736-3600

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