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Curvilinear Office Units
For Lease
$18 SF/Yr

650 E Algonquin Road, Schaumburg, IL 60173

Four-story glass building offers suites with kitchenettes, natural light, and weekday janitorial service.

Space Size1,290 SF - 14,465 SF
Days on Market71

Property Features for 650 E Algonquin Road

General Information

Standard status Active
Size 1,290 SF - 14,465 SF
Net Rentable 1,290 SF

Space & Availability

Available Space 1,290-14,465 SF
Space Use Office

Amenities

two-story lobby
janitorial service M-F

Building Details

Year Built 1987
Stories 4
Listing Agency: Sperry Van Ness
Listed By: Olivia Czyzynski · License #475146577
Source: Exit2newbeginningz
Added: Jun 11 Changed: Aug 11 Last Checked: Aug 19 at 3:26PM

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.

Lakewoods Corporate Center is a four-story office property completed in 1987, with a curved glass exterior and a two-story lobby. Available suites range from 1,290 to 14,465 SF, and each includes a kitchenette with plumbing. Select spec suites feature glass-enclosed offices and conference rooms with high-end finishes.

The property occupies the northeast corner of Quentin and Algonquin Roads at 650 E Algonquin Road in Schaumburg, Illinois. Window-lined workspaces provide abundant natural light, while weekday janitorial service is included. The location also offers access to dining and entertainment in the surrounding area.

Key Highlights

  • Four‑story curvilinear glass office building completed in 1987
  • Suites available from 1,290 to 14,465 SF
  • Two‑story lobby and extensive window lines

Property Analytics

Current Use

VisionTek Factory Samsui Howard Group ... Big Box & Wholesale Store Hospitality Tech Next ... Corporate Office Strateology Business Consulting Business Management Consultant BZA Behavioral Health Psychotherapist

Suggested Use

Top Pick Real Estate Agency Restaurant Dental Office Building Supply Hair Salon Auto Repair 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
$2.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

363
Businesses Nearby

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

$15.7 /SF/Yr
Avg Asking Price
$13–$21.18 /SF/Yr
Price Range
9,454 SF
Avg Space Size

This space is priced 15% above the average of $15.7 /SF/Yr.

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 units - Four-story glass building offers suites with kitchenettes, natural light, and weekday janitorial service.
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 $18 SF/Yr.
What are key features of this property?
This property features: Four‑story curvilinear glass office building completed in 1987; Suites available from 1,290 to 14,465 SF; Two‑story lobby and extensive window lines
More about this property
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