2306 Hassell Road, Hoffman Estates, IL 60169
Cook County
Key Facts
Description
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.
Property Information
Property Type
Commercial Sale
Sub-Type
Retail
Year Built
1978
Stories
1
Living Area
20,400 sq ft
Lot Size
118,697 sq ft
Lot Dimensions
501X442X330X183
Zoning
RTAIL
Days on Market
365
MLS® Listing#
12399258
Property Features
Financial Details
HOA
Yes
Annual Taxes
$139,390
Tax year 2023
Parcel Number
07062000150000
Directions
Barrington Road south of I-90 Interchange to Hassell Road, east to Property.
Affordability Calculator
$749,800
Estimated monthly payment
$19,954/mo
Principal $2,999,200 · Est. interest $4,184,151 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Hoffman Estates, IL
- $425,926
- Median Listing Price
- 30
- Median Days on Market
- 1,862
- Median Sq Ft
- $251
- Median Price / Sq Ft
- 73
- Active Listings
- This home’s price is 780% above the area median.
- Its price per sq ft is 27% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Hoffman Estates, IL.
Location
Points of Interest in Hoffman Estates, IL
Showing the Hoffman Estates area map.
Nearby Schools
Chicago Education Project
Secondary · 0.1 mi away
John Muir Literacy Academy
School · 0.5 mi away
Armstrong Elementary School
Elementary · 1.3 mi away
MacArthur International Spanish Academy
School · 1.4 mi away
Hoffman Estates High School
Secondary · 1.6 mi away
Orzel Bialy Polish School
School · 1.6 mi away
Higgins Education Center
School · 1.7 mi away
Eisenhower Junior High School
Secondary · 1.8 mi away
Winston Churchill Elementary School
Elementary · 1.9 mi away
Glenbrook Elementary School
Elementary · 2.2 mi away
Elizabeth Blackwell Elementary School Pta
Elementary · 2.2 mi away
Bode Babies
Elementary · 2.2 mi away
LOTUS Montessori School
Elementary · 2.2 mi away
Hoover Math and Science Academy
School · 2.3 mi away
Helen Keller Junior High School
Secondary · 2.3 mi away
Lincoln Prairie School
Elementary · 2.3 mi away
Lakeview Elementary School
Elementary · 2.6 mi away
Enders-Salk Elementary School
Elementary · 2.7 mi away
Canton Middle School
Secondary · 2.8 mi away
Thomas Jefferson Elementary Pta
Elementary · 2.8 mi away
Commute Calculator
Nearby Homes
Moving Cost Estimate
EXIT Agents in Hoffman Estates
Listing Courtesy: Strauss Realty Ltd - 7737363600
Last Updated: 2025-06-23