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 Market50
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:
SVN | Chicago Commercial
Listed By:
Olivia Czyzynski · License #475146577
(312) 676-1862
Source:
Svn
Added: Jul 27
Changed: Sep 5
Last Checked: Sep 14 at 7:23AM
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.
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
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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
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Market
Lease Benchmarks for Schaumburg, IL
$15.33 /SF/Yr
Avg Asking Price
$13–$17 /SF/Yr
Price Range
7,802 SF
Avg Space Size
This space is priced 2% below the average of $15.33 /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
