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    1750 Algonquin Rd Hoffman Estates, IL 60192

    For Lease
    Contact for pricing

    Hoffman Estates shopping center, high traffic.

    Lot size:
    44,961 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    Forest View Plaza, a two-building retail center in Hoffman Estates, Illinois, offers 44,961 square feet of space across 25 suites. Built in 1988, this single-story property boasts 295 parking spaces and is conveniently located at 1750 W Algonquin Rd, at the well-lit intersection of Algonquin Road and Huntington Boulevard in Cook County (zip code 60192). The property features 100 3-phase power and is zoned B-1. Its prime location benefits from high traffic counts and excellent visibility, serving both Hoffman Estates and the underserved South Barrington market. The center is within four miles of I-90, five miles from Topgolf, and eight miles from the Woodfield Mall shopping district. Currently occupied by a diverse range of businesses including a fitness center, restaurants (Italian and breakfast), a nail salon, a vape shop, a bakery, various retail shops (mattresses, flowers, etc.), a dental office, and professional services (chiropractor, CPA, etc.), this property presents a strong investment opportunity. The property is self-managed, ensuring responsiveness to tenant needs and property maintenance. The property is available for lease.

    Property Features for 1750 Algonquin Rd

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    44,961 SF

    Building Details

    Year Built
    1988
    Buildings
    2
    Stories
    1

    Unit(s) available at that property

    Space
    1756
    Size
    1,505 SF
    Space
    1730
    Size
    1,015 SF

    HighLights

    • 44,961 square foot center.
    • Equipped with an automatic fire sprinkler system.
    • 259 parking spaces available.
    • 18 retail stores.
    • Built in 1975.
    • B‑1 zoning (buyer to verify permitted uses with the Village).
    Property Profile Location Intelligence

    Current Use by Public Records

    Granite Design Studio Countertop Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Hoffman Estates
    County
    Cook
    State
    Illinois
    Longitude
    -88.12333931354
    Latitude
    42.092725980257

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    FAQs

    What type of property is this?
    Lifestyle center - Hoffman Estates shopping center, high traffic.
    Where is this lifestyle center located?
    The property is located at 1750 Algonquin Rd Hoffman Estates, IL.
    What are key features of this property?
    This property features: 44,961 square foot center.; Equipped with an automatic fire sprinkler system.; 259 parking spaces available.
    Request Owner's contact information
    1750 Algonquin Rd Hoffman Estates, IL 60192
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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
    1750 Algonquin Rd Hoffman Estates, IL 60192
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