2306 Hassell RD, Hoffman Estates, IL 60169
2306 Hassell RD, Hoffman Estates, IL 60169
2306 Hassell RD, Hoffman Estates, IL 60169
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$3,650,000
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20,400 SqFt
Price Dropped by $99K

2306 Hassell RD Hoffman Estates, IL 60169

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John Barnak III

John Barnak III

+1(630) 439-6385

UPDATED:

Key Details

Property Type Commercial

Sub Type Retail/Stores

Listing Status Active

Purchase Type For Sale

Square Footage 20,400 sqft

Price per Sqft $178

MLS Listing ID 12399258

Year Built 1978

Annual Tax Amount $141,015

Tax Year 2025

Lot Dimensions 501X442X330X183

Property Sub-Type Retail/Stores

Property Description

POPLAR COMMONS SHOPPING CENTER: 20,438 SF multi-tenant retail center on 2.7 acres with 11 units and 111 parking spaces. 100% Leased! Located just blocks from the I-90 Barrington Road interchange in Hoffman Estates, Illinois. Tenants include national and regional operators such as 7-Eleven and State Farm, offering a strong mix of service-oriented and daily-needs retailers. PF NOI is $257K. The center is being offered at a 7.1% capitalization rate, presenting immediate yield. Recent capital improvements include a fully repaired parking lot with 111 spaces, upgraded lighting across the entire property, and a new rooftop HVAC unit installed in May 2023 with a 5-year warranty. In the summer and early fall of 2022, the parking lot underwent significant repairs including sewer line work, repaving, and striping. There are no capital expenditures anticipated in the near term. Most tenants operate under NNN and modified-gross leases with recoverable expenses, providing stable and predictable income. Situated in the heart of the Golden Corridor, the property benefits from strong demographics and easy access to major thoroughfares. With durable in-place cash flow, no near-term rollover, and strong surrounding fundamentals, 2306-2332 Hassell Road represents an attractive suburban retail investment opportunity.

Location

State IL

County Cook

Area Hoffman Estates

Zoning RTAIL

Interior

Cooling Central Individual

Fireplace N

Building

Dwelling Type Retail/Stores

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Craig Wolf of  Strauss Realty Ltd 

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John Barnak III

John Barnak III

Broker License ID: 471019889

+1(630) 439-6385

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2306 Hassell RD

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