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    650 Algonquin Rd Schaumburg, IL 60173

    Sponsored
    For Lease
    $17 SF/Yr

    Schaumburg Office Space For Lease

    Lot size:
    81,522 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    Lakewoods Corporate Center, a stunning four-story, all-glass office building at 650 E Algonquin Rd, Schaumburg, IL 60173, offers multiple suites for lease. This Class B building, totaling 81,522 square feet, underwent renovations in 2018, boasting a newly updated two-story lobby and bathrooms. Individual suites range from 1,290 to 7,039 square feet, with a minimum divisible space of 4,129 square feet and a maximum contiguous space of 9,660 square feet. Each suite includes kitchenettes with plumbing. Spec suites feature high-end finishes, including glass wall offices and conference rooms. The building benefits from abundant natural light and includes janitorial service Monday through Friday. Located on a 5.68-acre lot (APN: 02-34-102-067-0000) in Cook County, this property enjoys a prime location across from the new 90 North entertainment district, offering easy access to restaurants, shopping, and entertainment venues. Nearby amenities include a luxury apartment complex, a daycare center, and Woodfield Mall (within 2 miles). Excellent highway access is provided by its proximity to I-90, I-290, I-355, and IL-53. O'Hare International Airport is less than 15 miles away, and downtown Chicago is approximately 30 miles distant. The building's zoning is B-3. Built in 1987, this property presents a unique opportunity in a thriving Schaumburg location.

    Property Features for 650 Algonquin Rd

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    81,522 SF
    Class
    B
    Total Rate
    115489.5

    Building Details

    Year Built/Renovated
    1987/2018
    Buildings
    1
    Stories
    4

    Unit(s) available at that property

    Space
    206
    Size
    1,608 SF
    Rate per SF
    $17
    Space
    250
    Size
    7,039 SF
    Rate per SF
    $17
    Space
    350
    Size
    6,493 SF
    Rate per SF
    $17
    Space
    303
    Size
    1,290 SF
    Rate per SF
    $17
    Space
    404
    Size
    4,129 SF
    Rate per SF
    $17

    HighLights

    • Spec suites available.
    • High‑visibility office building on Algonquin Road at the Quentin Road intersection.
    • Across from Schaumburg's 90 North entertainment district.
    • Adjacent to the North 680 luxury apartment development.
    • Monument signage available for 5,500 SF tenants.
    • Abundant parking (6/1000 ratio).
    Property Profile Location Intelligence

    Current Use by Public Records

    VisionTek Electronics Manufacturer Samsui Howard Group ... Wholesaler Hospitality Tech Next ... Corporate Office Strateology Business Consulting Business Management Consultant BZA Behavioral Health Psychotherapist

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Schaumburg
    County
    Cook
    State
    Illinois
    Longitude
    -88.061829058092
    Latitude
    42.074697470684

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    FAQs

    What type of property is this?
    Office space - Schaumburg Office Space For Lease
    Where is this office space located?
    The property is located at 650 Algonquin Rd Schaumburg, IL.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: Spec suites available.; High-visibility office building on Algonquin Road at the Quentin Road intersection.; Across from Schaumburg's 90 North entertainment district.
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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

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    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
    650 Algonquin Rd Schaumburg, IL 60173
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