SQUARE FEET20,400
MLS#12399258
STATUSActive
PROPERTY TYPECommercial - Retail
Property 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.
Property Features
Property Type: Commercial - Retail
Cooling: Central Individual
Lot Size: 2.72 Acres
Stories: 1.0
Year Built: 1978
Feature Descriptions
Days on Site: 252
Electric: Separate Meters
Fire Protection: Sprinklers-Wet
HVAC: Gas
Lot Dimensions: 501X442X330X183
Number of Tenant(s): 10
Parcel#: 07062000150000
Parking: Over 100 Spaces, Common Parking, Lighted
Tenant Pays: Common Area Maintenance, Electricity, Heat, Taxes, Insurance, Scavenger, Sewer, Varies by Tenant
Units: 11
Listed By / Shown By
Listed By
Agency Name: Strauss Realty Ltd
Agency Phone: 773-736-3600
Shown By
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
© 2026 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered marks of HomeServices of America, Inc. ®
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2306 Hassell Road | MLS# 12399258
This commercial property located at 2306 Hassell Road, Hoffman Estates, IL 60169 is currently listed for sale with an asking price of $3,749,000. Search Hoffman Estates real estate on www.bhhscrosby.com today.