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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

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    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.
    (312) 338-3000
    Request Owner's contact information
    760 E Algonquin Rd Schaumburg, IL 60173
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    760 E Algonquin Rd Schaumburg, IL 60173
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