Multi-Tenant Shopping
For Sale
$3,650,000
2306 Hassell Rd, Hoffman Estates, IL 60169
B-2-zoned retail center with established daily-needs tenancy, recent capital improvements, and convenient access to the I-90 interchange.
Property Size20,400 SF
Lot Size2.70 Acres
Price / SF$178.92
Days on Market483
Property Features for 2306 Hassell Rd
General Information
Standard status
Active
Size
20,400 SF
Total Parking Spaces
111
Lot size
2.70 Acres
Property subtype
Commercial
Zoning
B-2
Occupancy
94%
Site & Location
Anchor Co-Tenants
7-Eleven, State Farm
Highway Access
Yes
Additional Details
Cap Rate
7.97%
Building Details
Year Built
1978
Tenancy
Multi
Listing Agency:
Strauss Realty Ltd
Listed By:
Craig Wolf · License #475163046
(773) 736-3600
Source:
Illianahomesource
Added: Jun 21, 2025
Changed: Oct 10
Last Checked: Oct 16 at 8:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Strauss Realty Ltd
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Investment Insights
Based on property information with market context.
Poplar Commons is a multi-tenant shopping center on 2.7 acres with 11 units and 111 parking spaces. The tenant roster includes 7-Eleven, State Farm, and a laundromat, providing a mix of convenience-oriented retail services. Current occupancy is 93.8%, with one additional unit under LOI. The property carries B-2 zoning and was built in 1978.
Recent work includes complete parking lot restoration, upgraded lighting throughout the property, and a new rooftop HVAC system installed in 2023 with a 5-year warranty. The center is positioned near the I-90 Barrington Road interchange in the Golden Corridor, across from a large townhome subdivision and near hotels, residential complexes, national retailers, and major employers. The offering reflects a 7.97% Cap Rate, with a 2026 pro forma NOI of $303,988 and an 8.11% Cap Rate.
Recent work includes complete parking lot restoration, upgraded lighting throughout the property, and a new rooftop HVAC system installed in 2023 with a 5-year warranty. The center is positioned near the I-90 Barrington Road interchange in the Golden Corridor, across from a large townhome subdivision and near hotels, residential complexes, national retailers, and major employers. The offering reflects a 7.97% Cap Rate, with a 2026 pro forma NOI of $303,988 and an 8.11% Cap Rate.
Key Highlights
- 2.7‑acre shopping center with 11 units and 111 parking spaces
- 93.8% leased; one unit is under LOI
- Anchored by 7‑Eleven and State Farm; includes a laundromat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$283,155
Cap Rate
7.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,663,100
$5.7M
Cap Rate 7%
$4,045,071
$4.0M
Cap Rate 9%
$3,146,167
$3.1M
Market Conditions
NOI Build-Up for 20,400 SF
Gross rent
$440.6K $21.60/SF
− Vacancy
−$36.1K −$1.77/SF
EGI
$404.5K $19.83/SF
− OpEx
−$121.4K −$5.95/SF
NOI
$283.2K $13.88/SF
Area
Cook County, IL
Vacancy
8.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,663,100
Cap Rate 7%
$4,045,071
Cap Rate 9%
$3,146,167
Alternative Uses
Best Use
Retail
$4.05M
$3.54M – $4.72M
NOI $283,155 @ 7.0% cap · market cap 7.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.04M
$6.16M – $8.22M
NOI $493,023 @ 7.0% cap · market cap 13.51%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
93.8%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,522
Businesses Nearby
3k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 64%
Shops & Services 36%
Red Roof Inn
Hotels & Casinos
1,678 visits/mo
0.5 miles
U-Haul
Shops & Services
932 visits/mo
0.5 miles
Demographics for 60169, IL
34,248
Population
13,114
Households
2.6
Avg Household Size
38
Median Age
39%
College-Educated
89%
High-School Grad
7.7 sq mi
ZIP Area
4,448
Density / Sq Mi
$92,399
Median Household Income
$48,134
Median Earnings
$1,694
Median Rent
$292,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Barrington Square Mall Shopping Center — 2302-2356 W Higgins Rd, Hoffman Estates, IL 60169
- Poplar Commons Shopping Center — 2306-2332 Hassell Rd, Hoffman Estates, IL 60169
- Coin Cloud Bitcoin ATM — 2332 Hassell Rd, Hoffman Estates, IL 60169
Frequently Asked Questions
What type of property is this?
Shopping center - B-2-zoned retail center with established daily-needs tenancy, recent capital improvements, and convenient access to the I-90 interchange.
Where is this shopping center located?
The property is located at 2306 Hassell Rd Hoffman Estates, IL.
What is the asking price?
The asking price for this property is $3,650,000.
What are key features of this property?
This property features: 2.7‑acre shopping center with 11 units and 111 parking spaces; 93.8% leased; one unit is under LOI; Anchored by 7‑Eleven and State Farm; includes a laundromat
