Auction Information
Online Bidding Site4.36 Acres in Hoffman, IL
RealINSIGHT Marketplace Online Auction Feb. 20-22, 2023
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Investment Highlights
*Outparcel to Duluth Trading Company and Now Arena in Suburban Chicago
*Prime Retail Corridor including Target, Ross, Cabelas, IPIC, Old Navy, PetSmart with Traffic Drivers including Now Arena, ADESA Auctions, Sears Offices, Wells Fargo Offices, Holiday Inn Express, and more
*Favorable B3, Business District with Flexible Uses Permitted including Retail, Restaurant, Office, Services, and others
*Dense demographics with 5-mile population of 169,181 and annual household income of $96,909
Offering Summary
Marcus & Millichap and RI Marketplace are pleased to present a 4.36-acre parcel located at 1800 Pratum Avenue, 1850 Pratum Avenue, and 5251 Prairie Stone Blvd in Hoffman Estates, IL just outside Chicago. The ...
Marcus & Millichap and RI Marketplace are pleased to present a 4.36-acre parcel located at 1800 Pratum Avenue, 1850 Pratum Avenue, and 5251 Prairie Stone Blvd in Hoffman Estates, IL just outside Chicago. The Property is offered significantly below replacement cost and offers an exceptional owner/user or investment opportunity with significant value enhancement potential at a significant discount.
The Property consists of a 4.36-acre parcel with frontage on Pratum Avenue and Hoffman Blvd and benefitting from high traffic counts of 5,360 vehicles per day. The Property is situated near the interchange with I-90 and benefits from an additional 131k vehicles per day. Demand generators in the area include Target, Ross, Cabelas, IPIC, Old Navy, PetSmart with Traffic Drivers including Now Arena, ADESA Auctions, Sears Offices, Wells Fargo Offices, Holiday Inn Express, and more. The Property is zoned Business District, B3 which allows for most commercial uses.
The Property is located in the Village of Hoffman Estates, a suburb of Chicago in Cook County, Illinois. The Village now serves as the headquarters for Sears and the American headquarters for Mori Seiki. The village owns Now Arena, home of the Windy City Bulls of the NBA G League. The Property is directly off I-90 with direct access to Chicago approximately 35 miles due east. The Property further benefits from strong demographics with a population of 169,181 residents and an average household income of $96,909 within a 5-mile radius.
Scott Bowers
Fisher Auction Company Inc.
License: 040000273
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