Move-In Ready Office
For Lease
$15 SF/Yr
1990 E Algonquin Road, Schaumburg, IL 60173
Move-in ready office suites in a highly visible building directly on Algonquin Road near major interchanges.
Space Size1,168 SF - 3,334 SF
Property Size25,484 SF
Days on Market85
Property Features for 1990 E Algonquin Road
General Information
Standard status
Active
Size
1,168 SF - 3,334 SF
Class
B
Property subtype
Office
Lease Term
Gross
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
tenant building signage available
Building Details
Building Size
25,484 SF
Year Built
1986
Spaces For Lease
at 1990 E Algonquin Road Contact usSuite 120 $16.50/SF/Yr
Size
3,334 SF
Type
Office Building
Term
Negotiable
Suite 200 $15/SF/Yr
Size
1,182 SF
Type
Medical
Term
Negotiable
Suite 260 $15/SF/Yr
Size
1,168 SF
Type
Office Building
Term
Negotiable
Listing Agency:
Sperry Van Ness
Listed By:
Olivia Czyzynski · License #475146577
(312) 676-1862
Source:
Svn
Added: Jul 27
Changed: Oct 12
Last Checked: Oct 19 at 4:34AM
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 Sperry Van Ness
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Move-in ready office suites are available in a highly visible office building directly on Algonquin Road. Tenant building signage is available, and suites are positioned to support day-to-day business operations with established move-in readiness.
The property is located at the interchange for IL-53, with convenient proximity to the Schaumburg Convention Center (under 0.5 miles), the new 90 North Entertainment District (about 1 mile), and Woodfield Mall (under 2 miles). O'Hare International Airport is approximately 15 minutes away, with downtown Chicago about 30 minutes away.
Terms and proposals are being considered, including free rent and a tenant allowance with a 3-year structure for eligible signed agreements by 10/31/2024.
The property is located at the interchange for IL-53, with convenient proximity to the Schaumburg Convention Center (under 0.5 miles), the new 90 North Entertainment District (about 1 mile), and Woodfield Mall (under 2 miles). O'Hare International Airport is approximately 15 minutes away, with downtown Chicago about 30 minutes away.
Terms and proposals are being considered, including free rent and a tenant allowance with a 3-year structure for eligible signed agreements by 10/31/2024.
Key Highlights
- Move‑in ready office suites in a highly visible building directly on Algonquin Road
- Direct access to the IL‑53 interchange and Algonquin Road frontage
- Free rent and tenant allowance for 3 years; terms/proposals are signed through 10/31/2024
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
$2.25 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,307
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Lease Benchmarks for Schaumburg, IL
$15.33 /SF/Yr
Avg Asking Price
$13–$18 /SF/Yr
Price Range
7,332 SF
Avg Space Size
This space is priced 2% below the average of $15.33 /SF/Yr.
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Move-in ready office suites in a highly visible building directly on Algonquin Road near major interchanges.
Where is this office unit located?
The property is located at 1990 E Algonquin Road Schaumburg, IL.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: Move‑in ready office suites in a highly visible building directly on Algonquin Road; Direct access to the IL‑53 interchange and Algonquin Road frontage; Free rent and tenant allowance for 3 years; terms/proposals are signed through 10/31/2024
