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2306 Hassell Rd Hoffman Estates, IL 60169

Illinois Retail Center - High NOI

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional 20,438-square-foot, Class B shopping center in Hoffman Estates, Illinois, presents a compelling investment opportunity. Boasting a 95% occupancy rate and a current NOI of $198,756 (with a pro-forma NOI of $225,000), this multi-tenant property features 11 units anchored by a 7-Eleven. The property, built in 2016 and renovated in 2016, includes a single, one-story building situated on a B-2 zoned lot. Significant recent improvements include a completely resealed and restriped parking lot (with 111 spaces), a roof seal coat and refurbished mansards, and brand new electrical lighting throughout. The center benefits from a high-traffic location on Hassell Road (7,000 vehicles daily), proximity to the I-90 Barrington Road Interchange, and strong surrounding demographics, including the nearby Barrington Lakes Apartments (over 800 units), a sports complex, and a business park. Additional tenants include Leisure Time Laundromat and Neighborhood Inn Bar & Grill. This stabilized investment offers a strong return and significant upside potential. The property is located at 2306 Hassell Rd, Hoffman Estates, IL 60169, in Cook County.

Highlights

  • 11 total units, anchored by 7-Eleven, Leisure Time Laundromat, and Neighborhood Inn Bar & Grill.
  • 111 parking spaces; recently resealed, restriped lot.
  • Roof seal coated; mansards refurbished; new electrical lighting throughout.
  • High-traffic location on Hassell Road (7,000 VPD), near I-90 Barrington Road Interchange; strong surrounding demographics.

Property Details for 2306 Hassell Rd

Property type
Lifestyle centers, Power centers
Square Feet
20,438 SF
Class
B
Year Renovated
2016
Buildings
1
Stories
1
Units
11

Location Insight

City
Hoffman Estates
County
Cook
State
Illinois
Latitude
42.0621878
Longitude
-88.1348197

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FAQs

What type of property is this?
Lifestyle center - Illinois Retail Center - High NOI
Where is the lifestyle center located?
The property is located at 2306 Hassell Rd Hoffman Estates, IL.
What are key features of this property?
This property features: 11 total units, anchored by 7-Eleven, Leisure Time Laundromat, and Neighborhood Inn Bar & Grill.; 111 parking spaces; recently resealed, restriped lot.; Roof seal coated; mansards refurbished; new electrical lighting throughout.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
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Contacts

Milan Rubenstein
Milan Rubenstein
Visit Broker Website

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Useful Information

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Hassell Rd
Hoffman Estates, IL 60169

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Hassell Rd
Hoffman Estates, IL 60169

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

2306 Hassell Rd
  • Milan Rubenstein
    Milan Rubenstein
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