Schaumburg Office Space For
For Lease
$17 SF/Yr
650 E Algonquin Road, Schaumburg, IL 60173
Four-story office building with newly renovated lobby and abundant parking.
Space Size1,290 SF - 7,039 SF
Property Size81,522 SF
Days on Market220
Property Features for 650 E Algonquin Road
General Information
Standard status
Active
Size
1,290 SF - 7,039 SF
Class
B
Property subtype
Office
Lease Term
MG
Building Details
Building Size
81,522 SF
Year Built
1987
Spaces For Lease
at 650 E Algonquin Road Contact us- Size
- 7,039 SF
- Type
- Office Building
- Term
- Negotiable
Suite 250 $17 – $18/SF/Yr
- Size
- 1,290 SF
- Type
- Executive Suites
- Term
- Negotiable
Suite 303 $17 – $18/SF/Yr
- Size
- 6,682 SF
- Type
- Office Building
- Term
- Negotiable
Suite 305 $17 – $18/SF/Yr
- Size
- 5,555 SF
- Type
- Office Building
- Term
- Negotiable
Suite 405 $17 – $18/SF/Yr
Listing Agency:
SVN | Chicago Commercial
Listed By:
Olivia Czyzynski · License #475146577
(312) 676-1862
Source:
Svn
Added: Jan 27
Changed: Aug 27
Last Checked: Sep 4 at 3:59AM
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 SVN | Chicago Commercial
Investment Insights
Based on property information with market context.
Lakewoods Corporate Center is a four-story, all-glass, curvilinear office building situated at the northeast corner of Quentin and Algonquin Roads. The property features a newly renovated, two-story lobby and bathrooms. The building provides abundant natural light throughout, enhanced by outstanding window lines. Janitorial service is included in the rent, Monday through Friday. Suites are available for lease, ranging in size from 1,290 to 7,039 square feet. Each suite includes a kitchenette with plumbing. Spec suites feature glass wall offices and conference rooms with high-end finishes. The property is located on the east side of downtown Schaumburg, a major suburban commercial hub in the Chicagoland area, and is located immediately across from the new 90 North District, the Village of Schaumburg Entertainment District, which features Top Golf, entertainment, restaurants, shopping, hotels and both residential and business campuses. Adjacent to the property is North 680, a new, four-building, luxury apartment complex. Kinder Care Day Care is also adjacent to the property. The building is located 2 miles north of Woodfield Mall. The interchange for I-90 at Meacham Road is a little over 1 mile from the building, and the full interchange for I-290, I-355, and IL-53 is less than 2 miles away. O’Hare International Airport is less than 15 miles away and downtown Chicago is approximately 30 miles from the property. Monument signage is available for tenants above 5,000 square feet. Parking is abundant, with a ratio of 6/1000. UPS and FedEx drop boxes are available on-site. The property is a highly visible office building directly on Algonquin Road, at the lighted Quentin Road intersection.
Key Highlights
- Prime location directly across from Schaumburg's new 90 North Entertainment District, offering immediate access to restaurants, shopping, entertainment, and hotels.
- Newly renovated, two‑story lobby and bathrooms, plus spec suites with glass wall offices and conference rooms featuring high‑end finishes.
- Excellent accessibility to major transportation routes: I‑90, I‑290, I‑355, IL‑53, O'Hare International Airport, and downtown Chicago.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.55 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
363
Businesses Nearby
Explore this area
Business Placement
Demographics for 60173, IL
13,764
Population
6,901
Households
2
Avg Household Size
35
Median Age
67%
College-Educated
97%
High-School Grad
6.4 sq mi
ZIP Area
2,151
Density / Sq Mi
$99,975
Median Household Income
$68,305
Median Earnings
$1,786
Median Rent
$311,200
Median Home Value
Market
Lease Benchmarks for Schaumburg, IL
$17.07 /SF/Yr
Avg Asking Price
$13.5–$24.55 /SF/Yr
Price Range
7,449 SF
Avg Space Size
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Four-story office building with newly renovated lobby and abundant parking.
Where is this office units located?
The property is located at 650 E Algonquin Road Schaumburg, IL.
What is the lease rate?
The lease rate is $17 SF/Yr.
What are key features of this property?
This property features: Prime location directly across from Schaumburg's new 90 North Entertainment District, offering immediate access to restaurants, shopping, entertainment, and hotels.; Newly renovated, two‑story lobby and bathrooms, plus **spec suites with glass wall offices and conference rooms featuring high‑end finishes.**; Excellent accessibility to major transportation routes: I‑90, I‑290, I‑355, IL‑53, O'Hare International Airport, and downtown Chicago.
