Hoffman Estates, IL
Commercial Real Estate Market Trends & Data

$159 per SF Avg asking sale price
$17 per SF Avg asking lease rate
27,728 SF Avg unit lease size
82,045 SF Avg building size for sale
8.90% Average cap rate

Hoffman Estates's Demographic Profile

Hoffman Estates has 17,528 households and a median income of $96,832, providing context for rent absorption and tenant demand across retail and multifamily assets. A -3% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 50,011
# Households 17,528
Median age 41
Median household income $96,832
Avg household size 3.0
Renter-occupied housing units 4,877
5-year population change -3%

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↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Hoffman Estates $131 47,706 SF 10.05%
South Barrington $112 77,878 SF 9.64%
Inverness $103 4,592 SF 4.35%
Streamwood $164 6,913 SF 10.52%
Schaumburg $157 15,778 SF 10.05%
Nearby Retail Markets Avg Cost/SF Typical Size
Hoffman Estates $366 126,299 SF
South Barrington $475 13,005 SF
Streamwood $147 193,610 SF
Schaumburg $173 122,940 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Arlington Heights $327 8,195 SF 6.85%
Elk Grove Village $198 4,540 SF 6.97%
Mount Prospect $280 9,270 SF 7.47%
Des Plaines $207 13,000 SF 7.47%

Commercial Properties For Sale in Hoffman Estates

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Woodfield Lake Office Court II

Schaumburg, IL 60173

  • 10,590 SF Office Building
  • 10.05% Cap Rate
  • $1,200,000
For Sale

Signalized Corner

Hoffman Estates, IL 60169

  • 0.53 AC Lot
  • 1 Commercial Lot
  • $1,140,000
For Sale

Crème de la Crème (KinderCare)

South Barrington, IL 60010

  • 21,344 SF Retail Building
  • 7.50% Cap Rate
  • $10,093,139
For Sale

American Enterprise Bank

Schaumburg, IL 60193

  • 8,184 SF Retail Building
  • $2,100,000
For Sale

5 Executive Ct

South Barrington, IL 60010

  • 11,000 SF Office Building
  • $440,000
For Sale

Courtyards On Woodfield-Building F

Schaumburg, IL 60173

  • 22,800 SF Office Building
  • $649,900

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

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CapEx in Commercial Real Estate
CapEx in Commercial Real Estate
How to plan capital expenditures, prioritize projects, and manage risk without sacrificing returns on your commercial property investment.
Internal Rate of Return (IRR) Calculator
Internal Rate of Return (IRR) Calculator
Use this calculator to measure annualized returns, compare investment scenarios, and evaluate risk across commercial real estate deals.
What is a Ground Lease?
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Understanding the Nuances of Ground and Land Leases
Master Lease Strategies
Master Lease Strategies
Maximizing Control and Income with Flexible Leasing Solutions
How to Find Industrial Tenants for Your Property
How to Find Industrial Tenants for Your Property
A practical guide to finding qualified industrial tenants, from building your tenant profile to tenant screening and closing the lease.
Bonus Depreciation
Bonus Depreciation
A practical guide to using bonus depreciation to reduce tax liability, improve cash flow, and plan property improvements with timing strategies in mind.
Accelerated Depreciation in Commercial Real Estate
Accelerated Depreciation in Commercial Real Estate
Understand how accelerated depreciation works, which method fits your deal, and how to avoid the tax pitfalls that catch most investors off guard.

Nearby Commercial Markets

Comparing nearby markets helps investors see whether Hoffman Estates pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Hoffman Estates $159 82,045 SF
South Barrington $152 92,483 SF
Inverness $120 6,014 SF
Streamwood $166 95,914 SF
Schaumburg $175 62,139 SF

Regional Demographic Comparison

This comparison places Hoffman Estates alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Hoffman Estates or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Hoffman Estates 50,011 17,528 41 $96,832 3 4,877 -3%
South Barrington 4,959 1,582 48 $180,911 3 47 -3%
Inverness 7,433 2,585 49 $174,700 3 190 -3%
Streamwood 37,852 12,661 40 $92,684 3 2,277 -3%
Schaumburg 79,900 31,378 41 $89,900 3 11,078 -3%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Hoffman Estates, IL and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Hoffman Estates

View All Commercial Real Estate For Sale in Hoffman Estates
Is Hoffman Estates a good market for a first-time commercial real estate investor?

Hoffman Estates offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Hoffman Estates?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Hoffman Estates. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Hoffman Estates?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Hoffman Estates. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Hoffman Estates compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Hoffman Estates. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Hoffman Estates acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Hoffman Estates, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

Nearby Market Trends