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Redevelopment Opportunity Near I-90
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1301 E Algonquin Rd, Schaumburg, IL

225-acre divisible redevelopment site with I-90 visibility.

Space SizeContact for details
Property Size360,026 SF
Lot Size45.25 Acres
Days on Market1126

Property Features for 1301 E Algonquin Rd

General Information

Standard status Active
Size 360,026 SF
Lot size 45.25 Acres
Property subtype OFFICE
Listing Agency: Colliers | Chicago Rosemont
Listed By: Jason Simon
Source: Moodyscre
Added: Jul 6, 2023 Changed: Jul 6 Last Checked: Aug 3 at 4:02PM

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 Colliers | Chicago Rosemont

Investment Insights

Based on property information with market context.

This property presents a 225-acre redevelopment opportunity that is divisible. The location offers visibility along I-90 and major access to transportation via the new two-way Meacham and I-90 interchange, as well as a four-way interchange at Algonquin and 53. Features include underground executive parking, a large conference or training facility, a large food service operation, a Starbucks, and a WiFi lounge. The property is suitable for office buildings, office properties and spaces, coffee shops, restaurants, and retail properties. The property size is 360026 square feet.

Key Highlights

  • 225‑acre redevelopment opportunity (divisible)
  • Excellent location with visibility along I‑90
  • Major access to transportation at new two‑way Meacham and I‑90 interchange

Property Analytics

Current Use

Joyce Floor Care Carpet Cleaning Service Champion Architects Architect

Suggested Use

Top Pick Dental Office (Bike/Boat/Book/etc) Store Pharmacy Grocery & Convenience Store Pet Grooming Service Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

658
Businesses Nearby

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - 225-acre divisible redevelopment site with I-90 visibility.
Where is this office building located?
The property is located at 1301 E Algonquin Rd Schaumburg, IL.
What are key features of this property?
This property features: 225‑acre redevelopment opportunity (divisible); Excellent location with visibility along I‑90; Major access to transportation at new two‑way Meacham and I‑90 interchange
(312) 259-8207 Call to check price and availability
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