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760 E Algonquin Rd Schaumburg, IL 60173

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For Sale
$14,500,000

12.64 acre redevelopment site with income potential in Schaumburg.

Lot size:
12.60 Acres

Property Features for 760 E Algonquin Rd

General Information

Lot size
12.60 Acres

Source: Millennium Properties Real Estate Agent Daniel J. Hyman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Schaumburg Redevelopment Site For Sale

This 12.64-acre redevelopment site is located close to the Motorola and Zurich campuses, I-90, and Meacham Road. It is currently improved with four office buildings totaling 156,963 square feet. The current gross income is $708,693. The zoning is B-3, subject to Woodfield Regional Center design review. There is potential to redevelop the site as a multifamily complex or townhomes, with adjacent sites zoned R-6. Redevelopment potential also exists for retail, restaurant, or office space. An alternative option is to rehabilitate and re-tenant the existing buildings.
Insight Report Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Schaumburg
County
Cook
State
Illinois
Longitude
-88.057096
Latitude
42.074248

FAQs

What type of property is this?
Commercial land - 12.64 acre redevelopment site with income potential in Schaumburg.
Where is this commercial land located?
The property is located at 760 E Algonquin Rd Schaumburg, IL.
What is the asking price?
The asking price for this property is $14,500,000.
What are key features of this property?
This property features: - 12.64 acre redevelopment site with multiple potential uses.; - Existing improvements include four office buildings totaling 156,963 SF.; - Current gross income of $708,693 provides immediate revenue stream.
More about this property
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