High Profile Development Site Available

Highlights:

• 7.24 Acre land site ready for development
• Pad-ready land with all utilities to site and existing parking field of approx. 275 spaces
• Existing underground and pond detention
• Zoned B2- Commercial - many possible uses include Multi-Family
• Targeted for 300 multi-family units by current village master plan
• Adjacent to 100,000 SF Barrington Square Town Center & several large office parks
• Fronted by outlots with new prototype McDonald's, 7-Eleven and Buona Beef. Popeye's restaurants
• Frontage on Higgins Rd with over 30,000 daily vehicle count
• Across from 318 bed/2700 employee Amita Health St. Alexius Medical Center campus
• Offered at $3,800,000
• Additional outlot of 52,905 SF offered at $1,200,000

Description:

SVN Chicago Commercial is pleased to present a highly visible land parcel ready for development in Hoffman Estates, IL - a nearby suburb of Chicago. This 7.24-acre site is adjacent to Barrington Square Town Center - an approx. 100,000 SF fully stabilized shopping center. The property benefits from great co-tenancy including new prototype McDonald's, 7-11 & Buona Beef and Popeye's out lots, as well as Poplar Creek Bowl, Advance Pre School, America's Bar, Gigi's Playhouse and Garibaldi's Restaurant. Immediate proximity to several large office parks and the site is directly across the street from the Amita Health St. Alexius Medical Center campus which has over 300 beds and ±2,700 employees. Zoned B2, which allows for many possible uses, this property has been targeted by the village of Hoffman Estates for a 300-unit multi-family development as part of the village's 2022 Master Plan. Zoned B2-Commercial which allows for many possible uses. The site already has a fully paved, landscaped and constructed parking lot with ±275 spaces and is serviced by both underground and pond detention. Pad-ready out lot of 52,905 SF is also available.

Located 25 miles northwest of Downtown Chicago and 12 miles from O'Hare International Airport, Hoffman Estates is part of the Chicago Metropolitan Statistical Area (MSA) and is accessible to the entire Chicagoland region. With the recent widening of I-90, travelers can now get to O'Hare within 20 minutes or could utilize the Pace Park and Ride at Barrington Road to take the rapid transit bus into the CTA Blue Line station in Rosemont. One of the most significant projects to be completed in 2017 was the construction of the Park-n-Ride pedestrian bridge over I-90, with Pace bus service beginning in 2018. Hoffman Estates enjoys access to major regional roadways, including the Jane Addams Tollway (I-90), as well as state routes 58 (Golf Road), 59 (Sutton Road), 62 (Algonquin Road), 68 (Roselle Road), and 72 (Higgins Road). Hoffman Estates has over 26,000 people employed by the more than 800 businesses operating in the villages, drawing from the pool of over 3 million workers who reside within a 60-minute commute. Hoffman Estates is a full-service municipal community, providing police, fire, public works, and social services. The village's ability to provide such services is supported by sound financial planning, as evidenced by the community's bond ratings of Aa (Moodys) and AA+ (S&P).

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