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Schaumburg Redevelopment Site For Sale

760 E Algonquin Rd, Schaumburg, IL

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12.64 acre redevelopment site with income potential in Schaumburg.

Type:LAND

Lot size:

12.60 Acres

HighLights

12.64 acre redevelopment site with multiple potential uses.
Existing improvements include four office buildings totaling 156,963 SF.
Current gross income of $708,693 provides immediate revenue stream.
Adjacent sites zoned R‑6, supporting residential redevelopment potential.
Strategic location close to Motorola and Zurich campuses, I‑90 and Meacham Rd.
Potential to rehab and re‑tenant existing buildings.

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Listing Contact

Daniel J. Hyman

For Sale

Contact for pricing

12.64 acre redevelopment site with income potential in Schaumburg.

Type:LAND

Lot size:

12.60 Acres

Added:: Jul 30, 2025
Days on Market:: 321
Last Refresh:: May 19 at 10:02 pm

Property Features for 760 E Algonquin Rd

General Information

Standard status: Active
Lot size: 12.60 Acres
Property subtype: LAND

We can help!

Listing Contact

Daniel J. Hyman

Listing agent Daniel J. Hyman License #471013658

Listing office Millennium Properties Real Estate

Listing date Jul 30, 2025

Source Moodyscre

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 Millennium Properties Real Estate

HighLights

12.64 acre redevelopment site with multiple potential uses.
Existing improvements include four office buildings totaling 156,963 SF.
Current gross income of $708,693 provides immediate revenue stream.
Adjacent sites zoned R‑6, supporting residential redevelopment potential.
Strategic location close to Motorola and Zurich campuses, I‑90 and Meacham Rd.
Potential to rehab and re‑tenant existing buildings.

Overview

This 12.64-acre redevelopment site is located close to the Motorola and Zurich campuses, I-90, and Meacham Road. It is currently improved with four office buildings totaling 156,963 square feet. The current gross income is $708,693. The zoning is B-3, subject to Woodfield Regional Center design review. There is potential to redevelop the site as a multifamily complex or townhomes, with adjacent sites zoned R-6. Redevelopment potential also exists for retail, restaurant, or office space. An alternative option is to rehabilitate and re-tenant the existing buildings.

Property Profile Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Location Insight

Map
Local Demand

City: Schaumburg
County: Cook
State: Illinois
Longitude: -88.0571
Latitude: 42.0742

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For sale
Commercial land
IL
Schaumburg
760 E Algonquin Rd

What type of property is this?

Commercial land - 12.64 acre redevelopment site with income potential in Schaumburg.

Where is this commercial land located?

The property is located at 760 E Algonquin Rd Schaumburg, IL.

What is the asking price?

The asking price for this property is $14,500,000.

What are key features of this property?

This property features: 12.64 acre redevelopment site with multiple potential uses.; Existing improvements include four office buildings totaling 156,963 SF.; Current gross income of $708,693 provides immediate revenue stream.

760 E Algonquin Rd, Schaumburg, IL

12.64 acre redevelopment site with income potential in Schaumburg.

Property Features for 760 E Algonquin Rd

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

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Schaumburg Industrial Building with Parking

Schaumburg Industrial/Warehouse Space For Sale

Schaumburg Freestanding Industrial Building

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Schaumburg Office Complex For Sale

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