Property profile

2306 Hassell Rd Hoffman Estates, IL 60169

OFF-MARKET
Community centers
Property ID
US28-2274124
3.21 ac lot Built 1975
Entity Owned 11-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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

Verified
Property type Community centers
Use group MINI-MALL
Year built 1975
Lot 3.21 ac (139,828 SF)
APN 07-06-200-015
UPID US28-2274124

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Wine and Liquor Store
  • Plumbing Service General Contractor

Location

2306 Hassell Rd Hoffman Estates, IL 60169-2103
Hoffman Estates metro Census 804701 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$450k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$450k

Owner & transaction history

since 2015
3 recorded transactions
2021
Price N/A
2015
$1.1M
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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