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    1990 Algonquin Rd Schaumburg, IL 60067

    Sponsored
    For Lease
    $14 SF/Yr

    Prime Palatine location, flexible suites available

    Lot size:
    25,484 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This two-story, Class B office building at 1990 E Algonquin Rd, Palatine, IL 60067, offers multiple move-in ready suites for lease. The building totals 25,484 square feet and features a striking two-story atrium with a lofted second level. Available spaces range from a minimum of 1,598 square feet to a maximum contiguous space of 4,099 square feet. Two suites are move-in ready with high-quality finishes, while a larger 4,099 square foot suite is available for tenant-improvement build-out, offering both lobby and exterior entrances. Tenant signage is permitted. The property boasts ample parking and enjoys an exceptional location directly across from the IL-53 interchange and adjacent to the Wyndham Garden Hotel, as well as popular restaurants. Its proximity to the Schaumburg Convention Center (less than half a mile), Woodfield Mall (less than two miles), and the 90 North District (one mile) provides unparalleled access to amenities, entertainment, and a thriving business community. This is an unparalleled opportunity for businesses seeking a highly visible and convenient location in a dynamic area. The minimum divisible space is 15,998 square feet, built in 1986.

    Property Features for 1990 Algonquin Rd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    25,484 SF
    Class
    B
    Total Rate
    30793.17

    Building Details

    Year Built
    1986
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    200
    Size
    1,476 SF
    Rate per SF
    $14
    Space
    260
    Size
    1,168 SF
    Rate per SF
    $14
    Space
    290
    Size
    3,547 SF
    Rate per SF
    $14
    Space
    111
    Size
    4,099 SF
    Rate per SF
    $14

    HighLights

    • High‑visibility Class B office building at a major IL‑53 interchange.
    • Less than 0.5 miles from the Schaumburg Convention Center.
    • One mile from the 90 North Entertainment District.
    • Less than two miles from Woodfield Mall.
    • Building signage permitted.
    • Move‑in ready suites available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ticor Title Insurance Title Company Taulant Dauti General Practitioner the Illinois Immigration Law ... Attorney Skoubis Alikakos LLC Law Firm Charles Slavik Pediatrician

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Schaumburg
    County
    Cook
    State
    Illinois
    Longitude
    -88.032465610145
    Latitude
    42.064163494739

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Palatine location, flexible suites available
    Where is this office property / space located?
    The property is located at 1990 Algonquin Rd Schaumburg, IL.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: High-visibility Class B office building at a major IL-53 interchange.; Less than 0.5 miles from the Schaumburg Convention Center.; One mile from the 90 North Entertainment District.
    Request Owner's contact information
    1990 Algonquin Rd Schaumburg, IL 60067
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1990 Algonquin Rd Schaumburg, IL 60067
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