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675 W Golf Rd
Hoffman Estates, IL 60169

Ace Plaza · Retail Property For Sale

Investment Highlights

  • Two (2) properties offered together. Busy shopping centers, anchored by three (3) nationally recognized chains.
  • CAP Rate 8.07%, Year 1 NOI $948,650.00
  • Densely populated suburban Chicagoland location catering to affluent communities of Hoffman Estates, Schaumburg, South Barrington.
  • Located at the high-traffic signalized intersection of Golf Road and Higgins Road.
  • Fully Leased 100% Occupancy
  • Great Cash-Flow!

PROPERTY FACTS

Property Type
Retail
Property Subtype
Storefront
Building Size
49,658 SF
Building Class
C
Year Built
1980
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.46
Lot Size
2.47 AC
Zoning
B-2 - Hoffman Estates
Parking
188 Spaces (3.79 Spaces per 1,000 SF Leased)

Amenities

  • Pylon Sign
  • Signalized Intersection
  • Air Conditioning

About 675 W Golf Rd , Hoffman Estates, IL 60169

Exclusively listed by Jairaj (Jay) Bhatia, these 2 retail investment properties are being offered together and are perfect for the discriminating investor. Both properties are leased at 100% occupancy. The first property, 675 Golf Road (Ace Plaza), is fully-leased and anchored by three (3) nationally recognized chains. The adjacent Indian House Plaza, also fully leased, is anchored by two award-winning regionally famous, and well-known restaurants. Both shopping plazas are being sold together but may be sold separately and are centrally located in Chicago’s affluent north-western suburb of Hoffman Estates, IL. Both shopping plazas are located at the busy signalized intersection of Golf Road and Higgins Road in Hoffman Estates. The properties provide easy access from both intersections and ample parking with +/- 188 parking spaces. The long-established restaurants are well-known and provide significant repeat daily traffic. The plazas are anchored by established and popular national chains that draw additional shoppers from surrounding areas. The tenancy is well-balanced with a combination of daily-necessity, restaurants, grocery, and service-oriented businesses. Shopping plazas are located in the middle of a busy shopping district just miles from Woodfield Mall and IKEA.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
07-16-200-030-0000
Land Assessment
$186,295
Improvements Assessment
$341,665
Total Assessment
$527,960
  • Listing ID: 15391607

  • Date on Market: 3/8/2019

  • Last Updated:

  • Address: 675 W Golf Rd, Hoffman Estates, IL 60169

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