Add Listing
    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

    10 W Hoffman Blvd Hoffman Estates, IL 60120

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    1.73 acres with B4 zoning near I-90 interchange.

    Lot size:
    1.73 Acres

    Property Features for 10 W Hoffman Blvd

    General Information

    Lot size
    1.73 Acres

    We can help!

    Listing Contact
    A. Rick Scardino
    Source: Moodyscre

    Listing Agency: Lee & Associates | Chicago Listing Agent: A. Rick Scardino

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

    Learn more

    Property Insight Report

    Overview

    Hoffman Estates Land Opportunity

    This 1.73-acre commercial land parcel is zoned B4 and offers potential for various uses, including dining, hotel, medical office, multi-family, and retail. The site benefits from exceptional visibility along I-90 at a four-way interchange and is located in an affluent white-collar quadrant at a stop-lit intersection. Area tenants include Cabela’s, Marriott, NOW Arena, PetSmart, Target, and TJ Maxx. The location benefits from high traffic volume, with 24,500 vehicles per day on Higgins Road, 25,000 vehicles per day on New Sutton Road, and 127,900 vehicles per day on I-90. Additionally, there are over 10,500 employees at Prairie Stone. Phase 1 and Phase 2 environmental reports are available. The property features off-site detention.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Dental Office Big Box & Wholesale Store Spa & Massage Center Auto Repair Shop Hair Salon Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Hoffman Estates
    County
    Cook
    State
    Illinois
    Longitude
    -88.1912451
    Latitude
    42.0705722

    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
    • $700,000
      7,101 SF

      Barrington Commercial Building For Sale

      Highly visible commercial building in Barrington with flexible layout.
      122 W Northwest Hwy, Barrington, IL 60010
      View Details
    • New
      $278,000
      3,048 SF

      Reconstructed Office Condominium Ready

      Reconstructed office condominium with customizable space in established professional center.
      400 Fox Glen Ct, Barrington, IL 60010
      View Details
    • $695,000
      0.17 Acres

      Barrington Executive Center Opportunity

      Mixed-use building in downtown Barrington near Metra station.
      102 N Cook St, Barrington, IL 60010
      View Details
    • New
      $990,000
      14,000 SF

      Elgin Two-Story Mixed-Use Building

      Two-story mixed-use building in downtown Elgin with multiple storefronts.
      20-24 Douglas Ave, Elgin, IL 60120
      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
    • $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
    • $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
    • New
      $147,900
      1,800 SF

      Barrington Office Suite in Complex

      Private office suite with storage in the Harris Office Complex.
      1531 S Grove Ave, Barrington, IL 60010
      View Details
    • $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
    • $1,550,000
      1.62 Acres

      South Barrington High-End Office Building

      Turn-key office building in South Barrington Executive Center.
      14 Executive Ct, South Barrington, IL 60010
      View Details
    • New
      $645,000
      0.26 Acres

      Elgin Four-Unit Income Property

      Spacious four-unit building with income potential in Elgin, Illinois.
      532 South St, Elgin, IL 60123
      View Details

    FAQs

    What type of property is this?
    Land - 1.73 acres with B4 zoning near I-90 interchange.
    Where is this land located?
    The property is located at 10 W Hoffman Blvd Hoffman Estates, IL.
    What are key features of this property?
    This property features: - Exceptional visibility along I-90 at a four-way interchange.; - High traffic volume: I-90 (127,900 VPD), New Sutton Road (25,000 VPD), Higgins Road (24,500 VPD).; - Strategic location near major retailers: Cabela’s, Marriott, NOW Arena, PetSmart, Target, TJ Maxx.
    (773) 355-3040 Call to check price and availability
    Request Owner's contact information
    10 W Hoffman Blvd Hoffman Estates, IL 60120
    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.
    10 W Hoffman Blvd
    Hoffman Estates, IL 60120
    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
    10 W Hoffman Blvd Hoffman Estates, IL 60120
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    A. Rick Scardino
    (773) 355-3040 (708) 921-1044 (773) 355-3000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!