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 Market40
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 us- Size
- 3,334 SF
- Type
- Office Building
- Term
- Negotiable
Suite 120 $16.50/SF/Yr
- Size
- 1,182 SF
- Type
- Medical
- Term
- Negotiable
Suite 200 $15/SF/Yr
- Size
- 1,168 SF
- Type
- Office Building
- Term
- Negotiable
Suite 260 $15/SF/Yr
Listing Agency:
Sperry Van Ness
Listed By:
Olivia Czyzynski · License #475146577
(312) 676-1862
Source:
Svn
Added: Jul 27
Changed: Sep 3
Last Checked: Sep 4 at 5:55AM
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
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
Property Profile
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
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
This space is priced 12% below the average of $17.07 /SF/Yr.
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office units - Move-in ready office suites in a highly visible building directly on Algonquin Road near major interchanges.
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 $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
