Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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(Bike/Boat/Book/etc) Store Wine and Liquor Store
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Plumbing Service General Contractor
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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