Listed by Strauss Realty
$3,749,000
2306 Hassell Road
Details
APN 07-06-200-015-0000
Property Type Retail
Sub Type Storefront, Retail/Stores
Square Footage 20,438
Units 11
Cap Rate 7.97%
NOI $298,720
Pro-Forma Cap Rate 8.50%
Pro-Forma NOI $322,979
Year Built 1978
Zoning RTAIL
Retail | 7.97% CAP | 20,438 SqFt
Marketing description
POPLAR COMMONS SHOPPING CENTER: 20,438 SF multi-tenant retail center on 2.7 acres with 11 units and 111 parking spaces. Anchored by 7-Eleven and State Farm, with a strong mix of daily-needs tenants including a laundromat.93.8% leased. One unit under LOI. Offered at a 7.97% Cap Rate with stable in-place income and lease-up potential. Proforma 2026 NOI $303,988 and Cap Rate 8.11%. Recent capital improvements include full parking lot restoration, new rooftop HVAC (2023, 5-year warranty), and upgraded property-wide lighting. The property benefits from it's proximity to I-90 Barrington Rd interchange in the high-demand Golden Corridor. Located across the street from a large townhome subdivision and surrounded by multiple hotels, residential complexes, national retailers, and major employers. The zoning is B-2. Hoffman Estates features strong demographics with 50,000+ residents and avg. household income near $95K.
Listing Contacts
Listed by Strauss Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$298,720.00
$24,893.33/mo
Valuation Metrics
0
DSCR
7.97%
Cap Rate
7.97%
ROI
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