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Property profile & analytics
OFF-MARKET
Land

1297 Algonquin Rd Schaumburg, IL 60196

2.5 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 2.5-acre commercial land parcel, designated Lot 15, is situated within the master-planned Veridian community in Schaumburg, Illinois. Currently programmed for a roughly 180-unit active adult multifamily development, this improved pad site boasts readily available utilities. The location offers significant advantages, including proximity to highly-rated Schaumburg Township High School District 211 (ranked among Illinois' top 50 public high schools). High traffic counts are a key feature, with 11,950 vehicles daily on Meecham Road, 31,900 on Route 62, and 148,000 on I-90, ensuring excellent visibility and accessibility. The property's precise PIN numbers and tax information are currently being finalized. The asking price is subject to offer. This presents a unique opportunity for developers seeking a prime location with existing infrastructure and strong demographics within a thriving community. Further details are available upon request. The Veridian community website offers additional information.

Property profile
Verified
Property type Land
Lot 2.5 ac (108,900 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Veridian Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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