REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 3,749,000
Est. payment | /mo
20,400 SqFt
$ 3,749,000
Est. payment | /mo
20,400 SqFt
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
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
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Craig Wolf of Strauss Realty Ltd
Nearby Locations
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "