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2350 W Higgins Rd Hoffman Estates, IL 60169

For Sale
$3,800,000

7.24-acre land parcel ready for development in Hoffman Estates, IL.

Property size:
7 SF
Lot size:
7.24 Acres

Property Features for 2350 W Higgins Rd

General Information

Size
7 SF
Lot size
7.24 Acres

Building Details

Year built
2016

Source: Wayne Caplan Agent Wayne Caplan

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Development Land in Hoffman Estates

This 7.24-acre land parcel is located in Hoffman Estates, Illinois, approximately 25 miles northwest of Downtown Chicago and 12 miles from O'Hare International Airport. The site is zoned B2-Commercial, allowing for many possible uses, including multi-family development. The village of Hoffman Estates has targeted this property for a 300-unit multi-family development as part of the village's 2022 Master Plan. The property is adjacent to Barrington Square Town Center, a fully stabilized shopping center of approximately 100,000 square feet, and several large office parks. It benefits from co-tenancy including a new prototype McDonald's, 7-11 & Buona Beef and Popeye's out lots, as well as Poplar Creek Bowl, Advance Pre School, America's Bar, Gigi's Playhouse and Garibaldi's Restaurant. The site is directly across the street from the Amita Health St. Alexius Medical Center campus, which has over 300 beds and approximately 2,700 employees. The site has a fully paved, landscaped, and constructed parking lot with approximately 275 spaces and is serviced by both underground and pond detention. A pad-ready out lot of 52,905 SF is also available. The property has frontage on Higgins Road with over 30,000 daily vehicle count.
Location Intelligence

Current Use by Public Records

Hugs Mugs Gift ... Cafe GiGi's PlayHouse Hoffman ... Non-Profit Organization GiGi's Playhouse Down ... Non-Profit Organization

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Hoffman Estates
County
Cook
State
Illinois
Longitude
-88.1377067
Latitude
42.0592309

FAQs

What type of property is this?
Land - 7.24-acre land parcel ready for development in Hoffman Estates, IL.
Where is this land located?
The property is located at 2350 W Higgins Rd Hoffman Estates, IL.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: - Targeted for 300-unit multi-family development in the village's 2022 Master Plan.; - Zoned B2-Commercial, allowing for many possible uses.; - Pad-ready with all utilities to site and existing parking for approximately 275 spaces.
More about this property
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