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    Property profile & analytics

    2701 Forbs Ave Hoffman Estates, IL 60192

    • Motels
    • 15.66 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jul 06, 2020
    Location Intelligence
    Property ID
    US28-1565414
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Motels

    Property Details for 2701 Forbs Ave

    Year built
    2000
    Lot size
    15.66 lot acres
    Property type
    Motels
    APN
    01-33-300-005
    APU
    133300005

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hoffman Estates
    County
    Cook
    State
    Illinois
    Longitude
    -88.1964
    Latitude
    42.0705
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $484,362
    $1,193,521
    $656,479
    $1,850,000
    -
    $4,774,084
    $2,625,916
    $7,400,000

    Comparable in this City

    • Value Estimation by Request
      3.74 Acres

      2425 Barrington Rd

      MOTEL • 3.74 Acres
      2425 Barrington Rd, Hoffman Estates, IL 60192-2065
      View Details
    • Value Estimation by Request

      5225 Pr Stone Pkwy

      MOTEL
      5225 Pr Stone Pkwy, Hoffman Estates, IL 60192-3709
      View Details
    • Value Estimation by Request
      38,980 SF

      1405 Palatine Rd

      Individual retail properties • 38,980 SF
      1405 Palatine Rd, Hoffman Estates, IL 60192
      View Details
    • Value Estimation by Request
      44,961 SF

      1750 Algonquin Rd

      Lifestyle centers • 44,961 SF
      1750 Algonquin Rd, Hoffman Estates, IL 60192
      View Details
    • Value Estimation by Request

      Hoffman Estates, IL 60192

      INDUSTRIAL (GENERAL)
      Hoffman Estates, IL 60192
      View Details
    • Value Estimation by Request
      45.71 Acres

      2501 Barrington Rd

      INDUSTRIAL (GENERAL) • 45.71 Acres
      2501 Barrington Rd, Hoffman Estates, IL 60192-2061
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      157 Acres Near I-90

      157 acres near I-90, less than 1 mile to interchange.
      30 Central Rd, South Barrington, IL 60192
      View Details
    • $399,900

      Spacious Condo with Finished Basement

      Two-story end unit condo with pond views and finished basement.
      2044 Ivy Ridge Dr, Hoffman Estates, IL 60192
      View Details
    • Contact for pricing
      90,000 SF

      Class A Facility in Prairie Stone

      90,000 SF Class A facility in Prairie Stone Business Park.
      2600 Forbs Ave, Hoffman Estates, IL 60192
      View Details
    • Contact for pricing

      Development Ready Land For Sale

      Excellent visibility, frontage, and expressway access on Barrington Road.
      2380 Lakewood Blvd, Hoffman Estates, IL 60192
      View Details
    • Contact for pricing
      65,000 SF

      Hoffman Estates Medical Office Building

      65,000 SF Medical Office, 52% Leased
      4885 Hoffman Blvd, Hoffman Estates, IL 60192
      View Details
    • Contact for pricing
      90,000 SF

      Hoffman Estates Industrial Campus

      90,000 SF Class A Warehouse/R&D
      2600 Forbs Ave, Hoffman Estates, IL 60192
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      72,000 SF

      Prairie Stone Office Space for Lease

      Hoffman Estates Office Building - Two Suites Available
      2870 Forbs Ave, Hoffman Estates, IL 60192
      View Details
    • $20 SF/Yr
      65,000 SF

      Hoffman Estates Medical Office Space

      Class A medical office suites, ideal location.
      4885 Hoffman Blvd, Hoffman Estates, IL 60192
      View Details
    • Contact for pricing
      756 SF

      Hoffman Estates Office Space Available

      Class A office space for lease in Hoffman Estates, IL.
      5407 Trillium Blvd, Hoffman Estates, IL 60192
      View Details
    • Contact for pricing
      1,300 SF

      Hoffman Estates Retail Space Available

      Retail spaces available in Hoffman Estates with high traffic volume.
      2708 N Sutton Rd, Hoffman Estates, IL 60192
      View Details
    • Contact for pricing
      12,647 SF

      Hoffman Estates Retail Space Available

      Retail space for rent in Hoffman Estates, Illinois.
      2610 Sutton Rd, Hoffman Estates, IL 60192
      View Details
    • Contact for pricing
      29,120 SF

      Fountain Crossings Retail Center

      Barrington, IL Strip Mall - Great Location
      3001-3101 Barrington Rd, Barrington, IL 60192
      View Details
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    2701 Forbs Ave
    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
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