2306 Hassell Rd Hoffman Estates, IL 60169-2103
- Community centers
- 3.21 lot acres
Current Use by Public Records
- Hassell Liquor / Liquor Store
- Regal Plumbers / Plumber
Property Details for 2306 Hassell Rd
- Year built
- 1975
- Lot size
- 3.21 lot acres
- Property type
- Community centers
- APN
- 07-06-200-015
- APU
- 706200015
Description
This exceptional 20,438-square-foot, Class B shopping center in Hoffman Estates, Illinois, presents a compelling investment opportunity. Boasting a 95% occupancy rate and a current NOI of $198,756 (with a pro-forma NOI of $225,000), this multi-tenant property features 11 units anchored by a 7-Eleven. The property, built in 2016 and renovated in 2016, includes a single, one-story building situated on a B-2 zoned lot. Significant recent improvements include a completely resealed and restriped parking lot (with 111 spaces), a roof seal coat and refurbished mansards, and brand new electrical lighting throughout. The center benefits from a high-traffic location on Hassell Road (7,000 vehicles daily), proximity to the I-90 Barrington Road Interchange, and strong surrounding demographics, including the nearby Barrington Lakes Apartments (over 800 units), a sports complex, and a business park. Additional tenants include Leisure Time Laundromat and Neighborhood Inn Bar & Grill. This stabilized investment offers a strong return and significant upside potential. The property is located at 2306 Hassell Rd, Hoffman Estates, IL 60169, in Cook County.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hoffman Estates
- County
- Cook
- State
- Illinois
- Longitude
- -88.1355
- Latitude
- 42.0623
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
