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    2360 Higgins Rd Hoffman Estates, IL 60169

    Sponsored
    For Lease
    $2 SF/Yr ($11,021 /Mo)

    Prime Retail Pad, 52,905 SF, Cook County

    Lot size:
    52,905 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 52,905-square-foot retail pad site presents a unique investment opportunity in the thriving Hoffman Estates, Illinois market. Located at 2360 W Higgins Rd, this B2-Commercial zoned property is the last available outlot at Barrington Square Town Center, a bustling 100,000-square-foot shopping center. Benefit from strong co-tenancy with established businesses including McDonald's, 7-Eleven, Popeye's, Buona Beef, Poplar Creek Bowl, and several restaurants. A new 7-Eleven with a gas station is under construction. The site enjoys high visibility and exceptional access, situated directly across from Amita Health St. Alexius Medical Center, a major medical campus employing approximately 2700 people. Its proximity to large office parks further enhances its appeal. This property offers significant potential for developers seeking a prime location in a high-traffic area of Cook County, with numerous permitted uses due to its B2 zoning. Don't miss this opportunity to secure the last remaining outlot in this successful shopping center. The site is available for sale or ground lease.

    Property Features for 2360 Higgins Rd

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    52,905 SF
    Total Rate
    11021.88

    Unit(s) available at that property

    Space
    Lot 5
    Size
    52,905 SF
    Rate per SF
    $2

    HighLights

    • 52,905 SF pad‑ready site available for sale or ground lease.
    • Last available outlot in the 100,000 SF Barrington Square Town Center in Hoffman Estates, IL.
    • Strong co‑tenancy includes McDonald's, 7‑Eleven, Popeyes, Buona Beef, and other established businesses.
    • High‑visibility location on Higgins Rd with over 30,000 vehicles daily, across from Amita Health St. Alexius Medical Center (2700 employees).
    • B2‑Commercial zoning allows for multiple uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    McFarland Garage Door ... Door Supplier

    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
    -88.138322
    Latitude
    42.0580892

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    FAQs

    What type of property is this?
    Individual retail property - Prime Retail Pad, 52,905 SF, Cook County
    Where is this individual retail property located?
    The property is located at 2360 Higgins Rd Hoffman Estates, IL.
    What is the lease rate?
    The lease rate is $2 SF/Yr.
    What are key features of this property?
    This property features: 52,905 SF pad-ready site available for sale or ground lease.; Last available outlot in the 100,000 SF Barrington Square Town Center in Hoffman Estates, IL.; Strong co-tenancy includes McDonald's, 7-Eleven, Popeyes, Buona Beef, and other established businesses.
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    2360 Higgins Rd Hoffman Estates, IL 60169
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    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
    2360 Higgins Rd Hoffman Estates, IL 60169
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