Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1990 E Algonquin Road Schaumburg, IL 60173

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $14 SF/Yr $30,793/Mo (calc)

    Move-in ready office suites available for lease in Schaumburg, IL.

    Type:Office
    Property size:
    25,484 SF
    Added:
    Jan 27, 2026
    Days on Market:
    94
    Last Refresh:
    Dec 30 at 8:43 pm

    Property Features for 1990 E Algonquin Road

    General Information

    Standard status
    Active
    Size
    25,484 SF
    Property subtype
    Office

    Spaces For Lease

    at 1990 E Algonquin Road Contact us

    We can help!

    Listing Contact
    Jesse Weinberg
    Jesse Weinberg

    Listing agent Jesse Weinberg License #01435805

    Listing office Jesse Weinberg

    Listing date Jan 27, 2026

    Source Svnchicago

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

    All listing content including descriptions, pricing, images are the copyrighted material of Jesse Weinberg

    Overview

    Schaumburg Office Suites For Lease

    This two-story, multi-tenant office building offers move-in-ready office suites for lease, ranging in size from 1,168 SF to 3,547 SF, with great finishes. An additional suite, totaling 4,099 SF, is ready for renovation, allowing the tenant to select finishes, and features both a lobby entrance and an exterior entrance with tenant signage allowed above the exterior door. The property boasts a two-story atrium and lofted second level. Abundant parking is available. The building is located directly on Algonquin Road and at the interchange for IL-53, across from the Wyndham Garden Hotel, Finn McCool's, and Moretti's restaurants. It is less than half a mile from the Schaumburg Convention Center and less than two miles from Woodfield Mall. Additionally, it is one mile east of the 90 North District, the new Village of Schaumburg Entertainment District featuring Top Golf, entertainment, restaurants, shopping, hotels, and both residential and business campuses. The location offers high visibility with 33,000 vehicles per day on Algonquin Road. A FedEx drop box is located at the building. The property is 15 minutes from O'Hare International Airport and 30 minutes from downtown Chicago.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ticor Title Insurance Title Company Taulant Dauti Physician the Illinois Immigration Law ... Law Firm Skoubis Alikakos LLC Law Firm Charles Slavik Pediatrician

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Schaumburg
    County
    Cook
    State
    Illinois
    Longitude
    -88.0327
    Latitude
    42.0645

    Nearby Similar for Lease

    • Contact for pricing

      Prime Schaumburg Office Space

      Professional office space with high visibility in a strong commercial corridor.
      1226 Roselle Road N, Schaumburg, IL 60195
      View Details
    • Contact for pricing

      Schaumburg Commercial Space with Warehouse

      One-story office with warehouse, convenient location, and ample parking.
      1232 REMINGTON Road, Schaumburg, IL 60173
      View Details
    • Contact for pricing

      Schaumburg Commercial Space For Rent

      Commercial space available for rent in Schaumburg, Illinois.
      1025 W Wise Road, Schaumburg, IL 60193
      View Details
    • Sponsored
      Contact for pricing

      IL, Schaumburg - McConnor Pkwy

      1500 Mcconnor Pkwy, Schaumburg, IL 60173
      View Details
    • Contact for pricing

      Woodfield Preserve

      10 Martingale Rd, Unit 400, Schaumburg, IL 60173
      View Details
    • Contact for pricing

      Gateway Executive Park

      1821 Walden Office Sq, Unit 400, Schaumburg, IL 60173
      View Details
    • $16 SF/Yr

      Schaumburg Office Center with Amenities

      Office complex with amenities, convenient access, and ample parking.
      10 North Martingale Road, Schaumburg, IL, 60173
      View Details
    • Contact for pricing

      Commercial Property in Schaumburg, IL

      Prime commercial property for lease in Schaumburg, Illinois.
      528 S Roselle Road, Schaumburg, IL 60193
      View Details
    • $17 SF/Yr

      Schaumburg Office Space Available

      New office suite with modern amenities for rent in Schaumburg.
      1834 Walden Office Sq, Schaumburg, IL
      View Details
    • $17 SF/Yr

      Schaumburg Office Space For Rent

      Four-story office building with newly renovated lobby and abundant parking.
      650 E Algonquin Road, Schaumburg, IL 60173
      View Details
    • $12 SF/Yr

      Schaumburg Flex Space For Lease

      Flex space with office and warehouse, near Woodfield Mall.
      895 American Ln, Schaumburg, IL 60173
      View Details
    • Contact for pricing

      Prime Outlot Building on Golf

      Outlot building ideal for medical, restaurant, or drive-thru uses.
      216 E Golf Rd, Schaumburg, IL 60173
      View Details

    FAQs

    What type of property is this?
    Office units - Move-in ready office suites available for lease in Schaumburg, IL.
    Where is this office units located?
    The property is located at 1990 E Algonquin Road Schaumburg, IL.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Prime Location: Immediately across from the IL‑53 interchange, offering exceptional visibility and accessibility.; Move‑In Ready Suites: Several suites are available in move‑in‑ready condition with great finishes, allowing for immediate occupancy.; High Traffic Area: Located on Algonquin Road with 33,000 vehicles per day (VPD), ensuring high visibility and exposure.
    (312) 676-1862
    We can help!
    Listing Contact
    Jesse Weinberg
    Jesse Weinberg
    Real Estate License ID: 01435805
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    1990 E. Algonquin Road, Schaumburg, IL 60173

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!