Commercial Land with Office
For Sale
Contact for pricing
846 E Algonquin Road, Schaumburg, IL 60173
Existing office improvements and B-3 zoning support evaluation of redevelopment and continued commercial use.
Property SizeContact for details
Days on Market61
Property Features for 846 E Algonquin Road
General Information
Standard status
Active
Property subtype
Retail, Multifamily, Land
Zoning
B-3, subject to Woodfield Regional Center design review
Investment Type
Redevelopment
Listing Agency:
Millennium Properties R/E
(312) 338-3000
Listed By:
Daniel Hyman · License #IL 471.013658x
Source:
Crexi
Added: Jul 1
Changed: Aug 29
Last Checked: Aug 29 at 1:32PM
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 R/E
Investment Insights
Based on property information with market context.
This commercial land offering includes four existing office buildings totaling 156,693 square feet. The improvements are occupied by tenants on short-term leases, and the buildings may be rehabilitated and re-tenanted. B-3 zoning applies, subject to Woodfield Regional Center design review.
The property is located on E. Algonquin Road in Schaumburg, near the Motorola and Zurich office campuses. Meacham Road and I-90 are a short drive away, providing access to the surrounding northwest suburban business and retail network.
The site is identified for evaluation as a potential multifamily, townhome, retail, restaurant, or office redevelopment, while the existing buildings provide a current commercial configuration.
The property is located on E. Algonquin Road in Schaumburg, near the Motorola and Zurich office campuses. Meacham Road and I-90 are a short drive away, providing access to the surrounding northwest suburban business and retail network.
The site is identified for evaluation as a potential multifamily, townhome, retail, restaurant, or office redevelopment, while the existing buildings provide a current commercial configuration.
Key Highlights
- Four office buildings totaling 156,693 square feet
- B‑3 zoning subject to Woodfield Regional Center design review
- Existing tenants occupy the buildings on short‑term leases
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
361
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
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Existing office improvements and B-3 zoning support evaluation of redevelopment and continued commercial use.
Where is this commercial land located?
The property is located at 846 E Algonquin Road 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: Four office buildings totaling 156,693 square feet; B‑3 zoning subject to Woodfield Regional Center design review; Existing tenants occupy the buildings on short‑term leases
