About 2306 Hassell Road
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. Currently there are two vacancies totaling 3,090 SF (one under LOI). Offered at a 7.86% Cap Rate with stable in-place income and lease-up potential. Proforma 2026 Cap Rate 8.50%. 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.
Features of 2306 Hassell Road
| MLS® # | 12399258 |
|---|---|
| Price | $3,799,000 |
| Bathrooms | 0.00 |
| Acres | 0.00 |
| Year Built | 1978 |
| Type | Commercial Sale |
| Sub-Type | Retail/Stores |
| Status | Active |
Community Information
| Address | 2306 Hassell Road |
|---|---|
| Area | Hoffman Estates |
| City | Hoffman Estates |
| County | Cook |
| State | IL |
| Zip Code | 60169 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Cooling | Central Individual |
|---|---|
| Fireplace | No |
| Has Basement | No |
Additional Information
| Days on Market | 124 |
|---|---|
| Zoning | RTAIL |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Strauss Realty Ltd |
|---|---|
| Contact Info | 773-736-3600 |