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Jorel Kilcullen

jorelkilcullen@gmail.com +1(815) 790-4276

$3,749,000

Est. payment - /mo

20,400 SqFt

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Key Details

Property Type Commercial

Sub Type Retail/Stores

Listing Status Pending

Purchase Type For Sale

Square Footage 20,400 sqft

Price per Sqft $183

MLS Listing ID 12399258

Year Built 1978

Annual Tax Amount $139,390

Tax Year 2023

Lot Dimensions 501X442X330X183

Property Sub-Type Retail/Stores

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.

Location

State IL

County Cook

Area Hoffman Estates

Zoning RTAIL

Interior

Cooling Central Individual

Fireplace N

Building

Dwelling Type Retail/Stores

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Listed by Craig Wolf of Strauss Realty Ltd

Nearby School & Business

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Jorel Kilcullen

+1(815) 790-4276

Broker | License ID: 478.026444

Broker License ID: 478.026444

2306 Hassell RD Hoffman Estates, IL 60169

Jorel Kilcullen

Key Details

Location

Interior

Building

Nearby School & Business

Get More Information

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