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$3,749,000
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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.
Full Property Details
Full Property Details for 2306 Hassell Rd
General
- Price: $3,749,000
- Taxes: $139,390 (2023)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12399258
- Updated: 11/16/2025
- Added to Site: 285 day(s) ago
Business
- Business Type: Retail
Additional Information
- Security/Safety: Sprinklers (Wet)
Location
- Area: Hoffman Estates
- County: Cook
- Township: Schaumburg
- Driving Directions: Barrington Road south of I-90 Interchange to Hassell Road, east to Property.
Heating & Cooling
- Cooling Type: Central Individual
- Heating Type: Gas
Structural Information
- Stories/Levels: 1
- Square Feet: 20,400
- Year Built: 1978
Unit Information
- # Tenants: 10
Lot Features
- Lot Size (Sq. Ft.): 118,697
- Lot Dimensions: 501 x 442 x 330 x 183
- Zoning: RTAIL
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Assoc Fee Freq.: Annually
- Security Deposit: Sprinklers-Wet
- Assessment Year: 1978
- Tax Amount: $139,390
- Tax Year: 2023
- Tenant Pays: Common Area Maintenance, Electricity, Heat, Taxes, Insurance, Scavenger, Sewer, Varies by Tenant
Disclosures and Reports
- Property ID: 7062000150000
Listed by Strauss Realty Ltd
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Schools
Schools serving 2306 Hassell Rd
School Districts:Schaumburg Community Consolidated School District 54, Township High School District 211
| Name | Grades | Distance |
|---|---|---|
John Muir Literacy Academy 1973 Kensington Lane, Hoffman Estates, IL 60169 | PK-6 | 0.5 mi |
Dwight D Eisenhower Junior High School 800 Hassell Road, Hoffman Estates, IL 60169 | 7-8 | 1.8 mi |
Hoffman Estates High School 1100 West Higgins Road, Hoffman Estates, IL 60169 | 9-12 | 1.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2306 Hassell Rd
Date
Details
Price
Change
Source
11/10/2025
Price Reduced
$3,749,000
-1.32%
MLS
6/23/2025
Listed
$3,799,000
237.69%
MLS
2/03/2015
Sold
$1,125,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 2306 Hassell Rd
Year
Property Taxes
Change
Tax Assessment
Change
2023
$139,390
3%
$454,219
—
2022
$134,839
-10%
$454,019
1%
2021
$150,178
3%
$448,237
—
2020
$146,280
8%
$447,057
-3%
2019
$135,159
12%
$461,660
24%
2018
$120,975
37%
$371,000
34%
2017
$88,534
6%
$276,438
-2%
2016
$83,791
-7%
$281,250
—
2015
$90,332
-29%
$281,250
-30%
2014
$126,889
3%
$402,173
—
2013
$123,646
10%
$402,173
1%
2012
$111,986
—
$400,152
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2306 Hassell Rd
2306 Hassell Road, Hoffman Estates, IL 60169 (MLS# 12399258) is a Commercial property. 2306 Hassell Road is currently listed for $3,749,000 and was received on June 23, 2025. Want to learn more about 2306 Hassell Road? Do you have questions about finding other Commercial real estate for sale in Hoffman Estates? You can browse all Hoffman Estates real estate or contact a Coldwell Banker agent to request more information.

