MLS #MRD12399258 image #0MLS #MRD12399258 image #1MLS #MRD12399258 image #2MLS #MRD12399258 image #3MLS #MRD12399258 image #4MLS #MRD12399258 image #5
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.

Property Details

Price:
$3,650,000
MLS #:
MRD12399258
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Neighborhood:
hoffmanestates
Listed Date:
Jun 23, 2025
Total Sq Ft:
20,400
Year Built:
1978
Hoffman EstatesHoffmanestates

Schools

Interior

Cooling
Central Individual

Exterior

Stories
1

Financial

HOA Fee Frequency
Annually
Net Operating Income
$257,742
Tax Year
2025
Taxes
$141,015

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Beth is originally from Southern Illinois where she attended SIU-Carbondale and relocated to the area over 15 years ago. Her husband Mike grew up in Spring Valley, Illinois and they moved to Putnam County 7 years ago. Beth is passionate about real estate, and her love for “fixer-uppers” definitely came from her father. “I grew up hanging out at the local lumber yard that my father managed. I loved looking through blueprints and also tagging along with him to check on his rentals and inves…

More About Bethany
2306 Hassell Road
Hoffman Estates, IL

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