MINIMUM BID: $4,635,000 ($35/SF) Three additional surrounding land parcels ranging in size from 2.0± AC to 7.30± AC are also available. This property will be sold well below its replacement value. The sale represents an outstanding value-add opportunity in an established office market near several well-developed northwest suburban communities such as Barrington and Schaumburg. The office building was constructed in 1987 and is situated on a 7.41 AC parcel off of Higgins Road in Hoffman Estates. The property boasts 132,000± SF set over five floors with over 60,000 SF of contiguous space available. Highlights of the property include a computer-controlled HVAC system, three Montgomery high-speed automatic geared elevators, as well as an executive underground heated parking garage. The property overlooks an 18-hole golf course which provides scenic views for tenants to enjoy. Poplar Creek has convenient access to the I-90 expressway, which offers a direct route to O’Hare International Airport as well as other expressways, including I-290, and nearby attractions. Across the street from the plaza is the Amita Health Alexian Brothers Medical Campus, and just five miles west of the Poplar Creek Office Plaza is Woodfield Mall in Schaumburg. Hoffman Estates has numerous approved developments planned, such as remodels to local restaurants and grocery stores, redevelopments of a gas station and a BMO Harris Bank, new additions to the Hoffman Plaza Shopping Center, and construction for a brand new multi-tenant retail building and a Holiday Inn Express, according to the village’s website.
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