2300 W Higgins Road
Hoffman Estates, IL, 60169 $ 9,375,000
Bedrooms-- Baths-- Sq 101,769 for $9,375,000. This 101,769 square foot property was built in 1975 on a lot size of 11.01.
Pleased to present Barrington Square Town Center in conveniently located Hoffman Estates, IL. This well-maintained, 101,769 SF neighborhood shopping center, sitting on an 11.01-acre site, is well-positioned with "Internet-proof" businesses, which speaks to the stability of the property's cash flow. Many long-term tenants occupy the shopping center, including Advance Pre-School, Garibaldi's Restaurant, Gigi's Playhouse, and Poplar Creek Bowl, which recently expanded their space and invested over two million dollars in improvements, including a large catering facility. Newer tenants, Kritunga Indian Restaurant and the 9,000 SF Playroom Cafe Social, have rounded out an impressive tenant mix. Barrington Square is strategically positioned adjacent to several office parks, other high-quality retailers and restaurants, and is immediately across from the massive Ascension Amita Health St. Alexius Medical Center campus, which hosts over 3,000 employees. It also boasts new prototype McDonald's, 7-Eleven, Buona Beef, and Popeye's prototypes on the adjacent outlots. Barrington Square has benefited from long-term, hands-on ownership, which has recently made massive improvements to the property, including a new facade, landscaping, curbing, storm water detention, LED lighting, and parking surfaces, to name a few. Additionally, the Village of Hoffman Estates has designated the area around Barrington Square for thousands of new residential units, including the existing 300-unit "Seasons of Hoffman Estates", directly across from the property, and a planned 330-unit development - "Grand Reserve of Hoffman Estates" - immediately adjacent to the property. This opportunity will also provide a new owner upside due to two updated vacant spaces totaling approximately 5,022 SF. Several long-term tenants are also paying below-market rental rates. An additional out-lot land site of 52,905 SF is also available for purchase.
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FeaturesGeneralCooling Central Individual
Year Built 1975
Electric Other
Stories Count 1
Township Schaumburg
Property Subtype Shopping Center
Tax Year 2023
Gross Income 834504
County Cook
Net Operating Income 834504
Operating Expense 933829
Property Type Commercial Sale Retail/Stores
Status Active
Directions Higgins Rd just east of Barrington Rd.
City Hoffman Estates
MLS Area Hoffman Estates
Lot Size Square Feet 479596
Tax Annual Amount 506810
Additional Parcels Y/N N
Leasable Area 5022
Lease Type Net
Standard Status Active
Cap Rate 8.9
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ExteriorBuilding Area Total 101769
Lot Dimensions 50X100
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* Excluded FeaturesList Bywayne.caplan@svn.com;wcaplan2003@yahoo.comEmail
NearbyAbout Hoffman Estates, IL 49,839 Population
1% Since 2002
$ 82,619 Median Income
39.8 Median Age
34% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/25/2025 | $9,375,000 | | Listed Price |