Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2380 Lakewood Blvd Hoffman Estates, IL 60192

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Excellent visibility, frontage, and expressway access on Barrington Road.

    Lot size:
    1.17 Acres

    Property Features for 2380 Lakewood Blvd

    General Information

    Lot size
    1.17 Acres

    We can help!

    Listing Contact
    John Cassidy, Sior
    Source: Moodyscre

    Listing Agent: John Cassidy, Sior

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

    Learn more

    Overview

    Development Ready Land For Sale

    This commercial land offers excellent visibility and frontage on Barrington Road. The property is fully improved and development ready, presenting a great free-standing option. A new adjacent Bell Works development is impending. Easy expressway access is available via a new 4-way interchange.
    Location Intelligence

    Current Use by Public Records

    Daniel Mark Briggs ... Orthopedic Surgeon Core Orthopedics and Sports ... Orthopedic Surgeon Sarah Bennett Personal Trainer Level Up Shoulder Surgeon Dr Samir Baig, ... Pain Management Physician

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Law Firm Dental Office Auto Repair Shop Hair Salon Wholesale Shop 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
    -88.1398588
    Latitude
    42.0755112

    Nearby Similar for Sale

    • $898,000
      0.59 Acres

      Modernized Office/Medical Building on Route 58

      Fully renovated office building with high visibility and flexible layouts.
      1 American Way, Elgin, IL 60120
      View Details
    • New
      $1,450,000
      9,500 SF

      Elgin Industrial Building with Heavy Power

      Manufacturing-ready industrial building with heavy power, cranes, and recent upgrades.
      303 Elgin Ave, Elgin, IL 60120
      View Details
    • $925,000

      Medical/Business Space on Rand Road

      Well-maintained medical/business space in Lake Zurich, move-in ready.
      280 N Rand Rd, Lake Zurich, IL 60047
      View Details
    • $224,900
      2.65 Acres

      Turn-Key Medical Office Suite

      Move-in ready medical office in Riverpoint Professional Building.
      912 Northwest Hwy, Hoffman Estates, IL 60021
      View Details
    • $695,000
      0.17 Acres

      Barrington Executive Center For Sale

      Three-unit commercial building in downtown Barrington near Metra station.
      102 N Cook St, Barrington, IL 60010
      View Details
    • $700,000
      0.42 Acres

      Barrington Commercial Building on Northwest Highway

      Highly visible commercial building in Barrington with flexible layout.
      122 W Northwest Hwy, Barrington, IL 60010
      View Details
    • $790,000
      4,428 SF

      Mixed-Use Building with Owner Financing

      Versatile mixed-use property with retail, warehouse, and residential spaces.
      700 Northwest Hwy, Hoffman Estates, IL 60021
      View Details
    • $349,900
      0.26 Acres

      Elgin Commercial Building For Sale

      Single-story office building on a prime corner lot in Elgin.
      530 N Mclean Blvd, Elgin, IL 60123
      View Details
    • New
      $425,000
      0.50 Acres

      Prime Office Space in Elgin

      6,326 SF office space in a busy commercial area.
      85 Market St, Elgin, IL 60123
      View Details
    • $147,900
      1,800 SF

      Barrington Office Suite in Complex

      Private office suite with storage in the Harris Office Complex.
      1531 S Grv Ave, Barrington, IL 60010
      View Details
    • $975,000
      0.28 Acres

      Turnkey Dental Office Condo

      Established dental office condo in South Barrington for sale.
      2 Executive Ct, South Barrington, IL 60010
      View Details
    • $2,995,000
      1.73 Acres

      Historic Ice House Mall Opportunity

      Iconic mixed-use property in the heart of Barrington, Illinois.
      200 Applebee St, Barrington, IL 60010
      View Details

    FAQs

    What type of property is this?
    Land - Excellent visibility, frontage, and expressway access on Barrington Road.
    Where is this land located?
    The property is located at 2380 Lakewood Blvd Hoffman Estates, IL.
    What are key features of this property?
    This property features: - Excellent visibility and frontage on Barrington Road; - Fully improved, development ready; - Easy expressway access via new 4-way interchange
    (312) 371-0098
    Request Owner's contact information
    2380 Lakewood Blvd Hoffman Estates, IL 60192
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2380 Lakewood Blvd
    Hoffman Estates, IL 60192
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2380 Lakewood Blvd Hoffman Estates, IL 60192
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    John Cassidy, Sior
    (312) 371-0098
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.