2306 Hassell RdHoffman Estates, IL 60169

Property Details for 2306 Hassell Rd

Year built

1975

Lot size

3.21 AC

Property type

Community centers

APN

07-06-200-015

APU

706200015

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $37,113,980

  6.5%

  $34,259,060

  7%

  $31,811,982

• Comparable approach

  Method

  Valuation

  Relative Method

  $35,773,376

  Geo Method

  $45,895,744

• Alternative Use

  Use

  Valuation

  Residential

  $28,898,798

  Hospitality

  $26,471,142

  Educational

  $22,023,680

  Medical

  $22,781,108

  Retail

  $34,259,060

Location Insight

City

Hoffman Estates

County

Cook

State

Illinois

Latitude

42.0623

Longitude

-88.1355

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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 unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].