Hoffman Estates, IL Commercial Real Estate for Lease and Sale

Explore 28 listings of Hoffman Estates commercial real estate to find the best space for your business.

1728-1734 W Algonquin Rd

1728 W Algonquin Rd, Hoffman Estates, IL
Property

Office

45,088 SF
Availability

1 Space

10,000 SF
For Lease Contact for pricing
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1721 Moon Lake Dr

1721 Moon Lake Dr, Hoffman Estates, IL
Property

Office

100,000 SF
Availability

15 Spaces

97,764 SF
Year Built

1987
For Lease

$12.50 - $15.50/SF/YR
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Barrington Square Town Center

2300 W Higgins Road , Hoffman Estates, IL
Property

Retail

102,328 SF
Availability

2 Spaces

5,022 SF
Year Built

1975
For Lease

$15.00 - $16.00/SF/YR
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Greenspoint Office Park - Greenspoint III

2895 Greenspoint Pkwy, Hoffman Estates, IL
Property

Office

150,603 SF
Availability

2 Spaces

35,182 SF
Year Built

2000
For Lease Contact for pricing
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What type of listing property are you looking for?

Office Coworking Retail Industrial

Office Industrial Land
High Profile Development Site Available

2350 W Higgins Road, Hoffman Estates, IL
Property

VacantLand

4,388 SF
Year Built

2016
For Sale

$3,800,000
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Algonquin Center

1702-1708 W Algonquin Rd, Hoffman Estates, IL
Property

Retail

6,142 SF
Availability Contact for availability

For Lease Contact for pricing
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Bell Works Chicagoland
Colab at Bell Works
2000 Center Drive Suite D219, Hoffman Estates, IL
Services

Virtual Office

Open Workspace

Meeting Room
Amenities

Complimentary coffee & tea

Parking
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2600 Forbs Ave

2600 Forbs Ave, Hoffman Estates, IL
Property

Office

90,000 SF
Year Built

2007
For Sale

Subject To Offer
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Prairie Pointe Medical Building

4885 Hoffman Blvd, Hoffman Estates, IL
Property

Office

65,544 SF
Year Built

2008
For Sale Contact for pricing
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Prairie Stone
Regus
2815 Forbs Avenue Suite 107, Hoffman Estates, IL
Services

Virtual Office

Open Workspace

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Business address

Business lounge

Cleaning services

Ergonomic furniture

Lounge area

Mail services

Money-back guarantee

Office furniture
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Northwest Corporate Centre

2500 West Higgins Road, Hoffman Estates, IL
Property

Office

330,000 SF
Availability

38 Spaces

86,522 SF
For Lease

$16.00/SF/YR
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4885 Hoffman Blvd

4885 Hoffman Blvd, Hoffman Estates, IL
Property

Healthcare

65,544 SF
Availability

5 Spaces

52,900 SF
Year Built

2008
For Lease

$20.00/SF/YR
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Blackberry Falls

2353-2357 Hassell Road , Hoffman Estates, IL
Property

Office

28,000 SF
Availability

5 Spaces

19,191 SF
Year Built

2000
For Lease

$15.00 - $16.00/SF/YR
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Blackberry Falls

2353 Hassell Road, Hoffman Estates, IL
Property

Office

28,670 SF
Availability

3 Spaces

8,992 SF
Year Built

2000
For Lease

$15.00/SF/YR
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Forest View Plaza

1710-1780 W Algonquin Rd, Hoffman Estates, IL
Property

Retail

44,961 SF
Availability Contact for availability

For Lease Contact for pricing
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Greenspoint II

3100 & 3150 W. Higgins Road, Hoffman Estates, IL
Property

Office

57,548 SF
Availability

4 Spaces

7,917 SF
Year Built

1990
For Lease

$10.00/SF/YR
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Hoffman Estates Office Evolution
Office Evolution
2300 Barrington Road Suite 400, Hoffman Estates, IL
Services

Virtual Office

Open Workspace
Amenities

Catering

Printer
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Hoffman Plaza

1001 North Roselle Road, Hoffman Estates, IL
Property

Retail

146,263 SF
Availability

4 Spaces

16,422 SF
Year Built

1957
For Lease Contact for pricing
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Gateway to 59-90

NWC I-90 & Rt. 59, Hoffman Estates, IL
Property

VacantLand

52,272 SF
For Sale

Call For Info
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5845 Beacon Pointe Dr

5845 Beacon Pointe Dr, Hoffman Estates, IL
Property

Industrial

180,000 SF
For Sale Contact for pricing
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NWC I-90 & Route 59

NWC I-90 & Route 59, Hoffman Estates, IL
Property

VacantLand

1.2 Acre
For Sale Contact for pricing
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Bell Works Chicagoland

2000 Center Drive Hoffman Estates, Hoffman Estates, IL
Property

Office
Availability

1 Space

877,562 SF
For Lease Contact for pricing
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5845 Beacon Pointe Drive

5845 Beacon Pointe Drive, Hoffman Estates, IL
Property

Industrial

180,000 SF
Availability

1 Space

180,000 SF
For Lease Contact for pricing
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7,373 SF Available for Lease in Hoffman Estates

900-1000 Grand Canyon Pkwy, Hoffman Estates, IL
Property

Office
Availability

1 Space

2,382 SF
For Lease Contact for pricing
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120 West Higgins Road

120 West Higgins Road, Hoffman Estates, IL
Property

VacantLand
Availability

1 Space

17,859 SF
For Lease Contact for pricing
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NWC I-90 & Rt. 59

NWC I-90 & Rt. 59, Hoffman Estates, IL
Property

VacantLand

1.49 Acre
For Sale Contact for pricing
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Charles Plaza

1405 - 1481 Palatine Rd, Hoffman Estates, IL
Property

Retail

38,980 SF
Availability

2 Spaces

5,612 SF
For Lease Contact for pricing
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Fountain Crossings

3001 North Barrington Road, Hoffman Estates, IL
Property

Retail

29,120 SF
Availability

2 Spaces

3,200 SF
For Lease Contact for pricing
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Hoffman Estates commercial real estate market incorporates 805,453 square feet of office space across 12 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Hoffman Estates commercial real estate market includes 367,794 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Hoffman Estates market, there is a total of 360,000 square feet of industrial property.

The listing inventory in Hoffman Estates incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Hoffman Estates is represented by Office space, which accounts for 1,174,412 square feet of available listings. Industrial space available in Hoffman Estates adds up to 360,000 square feet.

Meanwhile, most of the listings of commercial property for sale in Hoffman Estates are in the Office category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Hoffman Estates is $15.81 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Hoffman Estates can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Hoffman Estates, depending on the property type you are interested in.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $16 per square foot. In particular, the property type commanding the highest lease rates in Hoffman Estates was Office space.

Conversely, the highest sale price last year was $2,800,000 that is located at 990 Grand Canyon Pkwy.

The average size of a commercial property in Hoffman Estates depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Hoffman Estates, the average size of an office property is 100,682 square feet.
Retail properties here incorporate an average of 61,299 square feet.
Industrial space in Hoffman Estates is in buildings that are, on average 180,000 square feet in size.

Hoffman Estates, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Hoffman Estates currently add up to 1,418,256 square feet. The market offers 10 active office listing(s), which amount to 1,143,074 square feet and account for 55% of commercial spaces on the market. Local retail availability includes 24,423 square feet across 6 retail space(s). Industrial space for rent opportunities in Hoffman Estates amount to 180,000 square feet across a total of 1 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	10	1,143,074
Retail	6	24,423
Industrial	1	180,000
Other	1	70,759

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Hoffman Estates, IL. Currently, there is 123,339 square feet of commercial property for sale here , which includes 1 office building(s) for sale .

Property Type	Count of Listings	Total SF
Office	1	65,544
Other	5	57,795

Hoffman Estates, IL Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Hoffman Estates, IL?

What factors affect the price of commercial real estate in Hoffman Estates, IL?

What is the average rent for commercial space in Hoffman Estates, IL?

What are the best areas for commercial real estate in Hoffman Estates, IL?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Hoffman Estates, IL?

Hoffman Estates, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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