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    5.08 By Itself Hoffman Estates, IL 60169

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    For Sale
    Contact for pricing

    Hoffman Estates, IL commercial lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5.08-acre commercial land parcel presents a unique investment opportunity in the thriving Hoffman Estates, Illinois market. Located in Cook County, with a precise address of 5.08 by itself, this property boasts a highly desirable location within the 60169 zip code. Its expansive size offers significant development potential for a wide range of commercial ventures. The property's flat terrain and readily accessible location make it ideal for various uses, from retail and office spaces to light industrial facilities. Given its size and strategic location, this land parcel represents a compelling opportunity for businesses seeking to establish a strong presence in a dynamic and growing area. The property is conveniently situated near major transportation arteries, providing easy access to a large workforce and consumer base. Detailed site surveys and environmental assessments are available upon request. This is a rare opportunity to acquire a substantial commercial land parcel in a prime location, offering significant long-term growth potential. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The geographic coordinates are 42.0577989 latitude and -88.1144943 longitude. This property is being offered for sale.

    Property Features for 0 5.08 By Itself

    General Information

    Property type
    Land
    Lot Size
    221,285 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hoffman Estates
    County
    Cook
    State
    Illinois
    Longitude
    -88.1144943
    Latitude
    42.0577989

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    FAQs

    What type of property is this?
    Land - Hoffman Estates, IL commercial lot
    Where is this land located?
    The property is located at 5.08 By Itself Hoffman Estates, IL.
    (847) 698-8269
    Request Owner's contact information
    5.08 By Itself Hoffman Estates, IL 60169
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    Realmo Value Estimation

    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.

    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.

    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
    5.08 By Itself Hoffman Estates, IL 60169
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