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    2000-2060 Algonquin Rd Palatine, IL 60173

    Sponsored
    For Lease
    $15 SF/Yr

    7 Buildings, 19,580 SF Available

    Lot size:
    101,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional office property, located at 2000-2060 Algonquin Road in Palatine, Illinois, offers 101,000 square feet of space across seven single-story buildings. The property features convenient private entrances with ample on-site parking, 24-hour access for ultimate flexibility, and tenant-controlled HVAC systems for personalized comfort. Individual units range from 1,113 to 13,762 contiguous square feet, with a total of 19,580 square feet currently vacant, providing options for businesses of various sizes. Enjoy well-maintained landscaping and the added benefit of an on-site engineer for efficient building maintenance. The strategic location in the northwest suburbs of Chicago, in Cook County, offers easy access to major transportation arteries including the IL Route 53/I-290 and I-90 interchange. Nearby amenities include the Schaumburg Convention Center, Woodfield Mall, a variety of restaurants, and hotels, providing convenience for employees and clients alike. This property presents a unique opportunity for businesses seeking high-quality office space in a desirable location with excellent accessibility and modern amenities. The zip code is 60173.

    Property Features for 2000-2060 Algonquin Rd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    101,000 SF
    Total Rate
    130458.33

    Building Details

    Buildings
    7
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 610
    Size
    13,762 SF
    Rate per SF
    $15
    Space
    Suite 100
    Size
    5,557 SF
    Rate per SF
    $15
    Space
    Suite 510
    Size
    761 SF
    Rate per SF
    $15
    Space
    Suite 412
    Size
    1,113 SF
    Rate per SF
    $15
    Space
    Suite 410
    Size
    1,574 SF
    Rate per SF
    $15
    Space
    Suite 204
    Size
    2,692 SF
    Rate per SF
    $15
    Space
    Suite 700
    Size
    3,131 SF
    Rate per SF
    $15

    HighLights

    • Floor‑to‑ceiling windows offer abundant natural light.
    • Private entrances with 24/7 access.
    • Individual HVAC units provide climate control.
    • Private restrooms within each suite.
    • Ample on‑site parking is available.
    • On‑site engineering support is provided.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Palatine
    County
    Cook
    State
    Illinois
    Longitude
    -88.0314242
    Latitude
    42.064307

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    FAQs

    What type of property is this?
    Office Property / Space - 7 Buildings, 19,580 SF Available
    Where is this office property / space located?
    The property is located at 2000-2060 Algonquin Rd Palatine, IL.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Floor-to-ceiling windows offer abundant natural light.; Private entrances with 24/7 access.; Individual HVAC units provide climate control.
    Request Owner's contact information
    2000-2060 Algonquin Rd Palatine, IL 60173
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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
    2000-2060 Algonquin Rd Palatine, IL 60173
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