Hoffman Estates, IL Shopping Centers for Sale

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Wauconda, IL Algonquin, IL Bartlett, IL

Updated: May 21, 2025

Historic Ice House Mall Opportunity

200 Applebee Street, Barrington, IL 60010

$2,995,000

1.73 AC lot

Landmark mixed‑use property in the heart of Barrington with retail, office, restaurant, and brewery pub spaces.
Architecturally significant building with approximately 60,000 square feet on a site just under 2 acres with ample parking.
Home to long‑established Chessie's Restaurant in the original Barrington train station (relocated in 1977).
Asking price is below replacement cost, offering an exceptional investment opportunity.
Includes two vintage 1920s railroad cars and a caboose incorporated into the structure.

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Updated: Jun 28

Shadow-Anchored Retail Strip Center

2-16 Tyler Creek Plaza, Elgin, IL 60123

$3,324,000

10,825 sqft

Five‑tenant grocery shadow anchored strip center in Elgin, IL (Kane County), built in 1975
Shadow anchored by Frank’s Freshway Market, which recently completed a major remodel
Tenant mix includes 3 restaurants, 1 specialty grocer/restaurant, and 1 service tenant
Wingstop west end cap; Elgin Wingstop listed as #1 visited in Illinois (per Placer.ai)
All tenants operate under net leases with management fee reimbursement; many leases include annual rent increases

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Stabilized Shopping Center For Sale

2300-56 West Higgins Road |, Hoffman Estates, IL 60169

$9,375,000

101,769 sqft · 11.01 AC lot

Well-maintained shopping center with long-term tenants and recent improvements.

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Elgin Land Development Opportunity

40 Acres Randall Road, Elgin, IL 60123

$10,000,000

40.40 AC lot

40.4 acres on Randall Road, ideal for mixed-use development.

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Based on your search, we've compiled 37 Potential Opportunities for your consideration. Besides 4 Active listings in Hoffman Estates, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 25 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Retail Investment Opportunity in Hanover Park

1557-1559 Irving Park Rd, Hanover Park, IL 60133

$3,481,000

Corporate-backed, two-tenant retail property with upside potential.

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Schaumburg Retail Investment Opportunity

1837 Irving Park Road, Schaumburg, IL 60193

$6,350,000

16,448 sqft

Fully occupied retail property in a dynamic Schaumburg location.

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Retail Building with Major Retailers

1557-1559 Irving Park Rd, Hanover Park, IL

$3,481,000

24,696 sqft · 2.30 AC lot

Multi-tenant retail building featuring Harbor Freight and Dollar Tree.

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Schaumburg Retail Center For Sale

506-604 W Wise Rd, Schaumburg, IL

Contact for pricing

29,621 sqft · 3.53 AC lot

Multi-tenant retail center on 3.36 acres in Schaumburg, Illinois.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Rand Road Development Opportunity

20420 N Rand Road, Deer Park, IL 60074

$2,500,000

1.94 AC lot

1.91 AC land with Rand Road frontage near retail.

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Aurora Land Ready for Development

1900 E New York Street, Aurora, IL 60502

$950,000

13.00 AC lot

13-acre land offering in Aurora, IL, for commercial or mixed-use development.

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Oswego Commercial Land Opportunity

SW STATION Drive lot: 10, Oswego, IL 60543

$1,750,000

7.43 AC lot

Commercial land parcel in high-growth Orchard Road corridor.

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Madison Street Land Opportunity

4440-4456 W Madison Street, Chicago, IL 60624

$450,000

0.91 AC lot

Six lots on Madison Street, ideal for development.

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Off-Market Properties in Hoffman Estates, IL

Consider similar Off-Market properties in Hoffman Estates, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

MINI-MALL

100 Higgins Rd, South Barrington, IL 60010-9408

$12,000,000

Estimated value

View details

MINI-MALL

725 Golf Rd, Hoffman Estates, IL 60169-1300

$5,400,000

Estimated value

1.52 AC lot

View details

MINI-MALL

100 Higgins Rd, Hoffman Estates, IL 60169-4928

$30,225,000

Estimated value

0.36 AC lot

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MINI-MALL

660 Snw Hwy, Barrington, IL 60010-4618

$855,000

Estimated value

0.23 AC lot

View details

MINI-MALL

642 Snw Hwy, Barrington, IL 60010-4618

$855,000

Estimated value

0.21 AC lot

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MINI-MALL

642 Snw Hwy, Barrington, IL 60010-4618

$855,000

Estimated value

0.21 AC lot

View details

MINI-MALL

630 Snw Hwy, Barrington, IL 60010-4618

$855,000

Estimated value

0.22 AC lot

View details

MINI-MALL

1600 Algonquin Rd, Hoffman Estates, IL 60192-1587

$4,860,000

Estimated value

View details

MINI-MALL

820 Smt St, Elgin, IL 60120-4316

Unit 22

Value Estimation by Request

4.00 AC lot

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MINI-MALL

1040 Smt St, Elgin, IL 60120-4320

Value Estimation by Request

10.54 AC lot

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MINI-MALL

2555 Golf Rd, Hoffman Estates, IL 60169-1165

$520,000

Estimated value

12.41 AC lot

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MINI-MALL

119 Golf Rd, Hoffman Estates, IL 60195

Value Estimation by Request

0.51 AC lot

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MINI-MALL

121 Golf Rd, Hoffman Estates, IL 60195

Value Estimation by Request

1.60 AC lot

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MINI-MALL

117 Golf Rd, Hoffman Estates, IL 60195

Value Estimation by Request

1.90 AC lot

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MINI-MALL

1001 71st W Algonquin Rd, Hoffman Estates, IL 60192

Value Estimation by Request

3.94 AC lot

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MINI-MALL

1772 Algonquin Rd, Hoffman Estates, IL 60192-1573

Value Estimation by Request

2.78 AC lot

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MINI-MALL

1744 Algonquin Rd, Hoffman Estates, IL 60192-1573

Unit 80

Value Estimation by Request

2.44 AC lot

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MINI-MALL

1550 Algonquin Rd, Hoffman Estates, IL 60192-1575

Value Estimation by Request

4.74 AC lot

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Lifestyle centers

1750 Algonquin Rd, Hoffman Estates, IL 60192

Value Estimation by Request

44,961 sqft

View details

Lifestyle centers

121 Northwest Hwy, Barrington, IL 60010

Value Estimation by Request

10,000 sqft · 0.92 AC lot

View details

Hoffman Estates, IL Shopping Centers Market Trends and Statistics

Explore 29 shopping centers for sale in Hoffman Estates, IL, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 112,594 square feet of properties for sale, with an estimated market value of $12,699,000.

Sale prices for plazas in Hoffman Estates, IL start at $3,324,000, averaging $6,349,500, and reaching up to $9,375,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 139K

Population Growth (5Y) -2.0%

Median Household Income $134,533

College Educated 57.2%

High-Yield Neighborhoods for Investment

Identify Hoffman Estates submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
60169	$9.4M

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Lake County

New Delisted

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Hoffman Estates, IL Shopping Centers for Sale

200 Applebee Street, Barrington, IL 60010

2-16 Tyler Creek Plaza, Elgin, IL 60123

2300-56 West Higgins Road |, Hoffman Estates, IL 60169

40 Acres Randall Road, Elgin, IL 60123

Opportunities in Nearby Cities

1557-1559 Irving Park Rd, Hanover Park, IL 60133

1837 Irving Park Road, Schaumburg, IL 60193

1557-1559 Irving Park Rd, Hanover Park, IL

506-604 W Wise Rd, Schaumburg, IL

Potential Development Sites for Consideration

20420 N Rand Road, Deer Park, IL 60074

1900 E New York Street, Aurora, IL 60502

SW STATION Drive lot: 10, Oswego, IL 60543

4440-4456 W Madison Street, Chicago, IL 60624

Off-Market Properties in Hoffman Estates, IL

100 Higgins Rd, South Barrington, IL 60010-9408

725 Golf Rd, Hoffman Estates, IL 60169-1300

100 Higgins Rd, Hoffman Estates, IL 60169-4928

660 Snw Hwy, Barrington, IL 60010-4618

642 Snw Hwy, Barrington, IL 60010-4618

642 Snw Hwy, Barrington, IL 60010-4618

630 Snw Hwy, Barrington, IL 60010-4618

1600 Algonquin Rd, Hoffman Estates, IL 60192-1587

820 Smt St, Elgin, IL 60120-4316

1040 Smt St, Elgin, IL 60120-4320

2555 Golf Rd, Hoffman Estates, IL 60169-1165

119 Golf Rd, Hoffman Estates, IL 60195

121 Golf Rd, Hoffman Estates, IL 60195

117 Golf Rd, Hoffman Estates, IL 60195

1001 71st W Algonquin Rd, Hoffman Estates, IL 60192

1772 Algonquin Rd, Hoffman Estates, IL 60192-1573

1744 Algonquin Rd, Hoffman Estates, IL 60192-1573

1550 Algonquin Rd, Hoffman Estates, IL 60192-1575

1750 Algonquin Rd, Hoffman Estates, IL 60192

121 Northwest Hwy, Barrington, IL 60010

Hoffman Estates, IL Shopping Centers Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

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