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    2360 Higgins Rd Hoffman Estates, IL 60169

    Sponsored
    For Sale
    $1,200,000

    High-visibility, pad-ready outlot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.12-acre (52,905 sq ft) development site is the last available outlot at Barrington Square Town Center in Hoffman Estates, Illinois. Located at 2360 W Higgins Rd, this B2-zoned property offers unparalleled visibility and access, boasting over 30,000 vehicles daily. The site is part of a thriving 100,000 sq ft shopping center with strong co-tenancy including McDonald's, 7-Eleven, Popeyes, Buona Beef, and other established businesses. A new 7-Eleven with a gas station is under construction. Its prime location directly across from Amita Health St. Alexius Medical Center (318 beds, 2700 employees) and proximity to major office parks ensures high traffic and diverse customer base. Excellent access to major roadways, including I-90, and public transportation options further enhance its appeal. The asking price is $1,200,000. This presents a unique opportunity for developers seeking a high-impact location in a rapidly growing area, just 25 miles northwest of downtown Chicago and 12 miles from O'Hare International Airport. The property is also available for ground lease at $2.50/sq ft.

    Property Features for 2360 Higgins Rd

    General Information

    Property type
    Individual retail properties
    Lot Size
    48,787 SF

    HighLights

    • Pad‑ready site available for sale or ground lease.
    • 52,905 SF development‑ready land parcel.
    • Outlot in 100,000 SF Barrington Square Town Center.
    • Adjacent to new McDonald's, 7‑Eleven, Popeyes, and Buona Beef.
    • Higgins Road frontage with over 30,000 vehicles daily.
    • Across from Amita Health St. Alexius Medical Center (318 beds, 2700 employees).
    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 - High-visibility, pad-ready outlot.
    Where is this individual retail property located?
    The property is located at 2360 Higgins Rd Hoffman Estates, IL.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Pad-ready site available for sale or ground lease.; 52,905 SF development-ready land parcel.; Outlot in 100,000 SF Barrington Square Town Center.
    (312) 756-7352
    Request Owner's contact information
    2360 Higgins Rd 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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