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    1297 Algonquin Rd Schaumburg, IL 60196

    • Land
    • 2.50 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Veridian / Corporate Office

    Property Details for 1297 Algonquin Rd

    Lot size
    2.50 lot acres
    Property type
    Land

    Description

    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Schaumburg
    County
    Cook
    State
    Illinois
    Longitude
    -88.0485
    Latitude
    42.0692

    Comparable in this City

    • Value Estimation by Request

      1299 Zurich Way

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      1299 Zurich Way, Schaumburg, IL 60196-5870
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      2050 Progress Pkwy

      GOLF COURSE
      2050 Progress Pkwy, Schaumburg, IL 60196-0001
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      6.00 Acres

      2222 Hammond Dr

      INDUSTRIAL (GENERAL) • 6.00 Acres
      2222 Hammond Dr, Schaumburg, IL 60196-3814
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    • Value Estimation by Request

      1301 Algonquin Rd

      OFFICE BUILDING (MULTI-STORY)
      1301 Algonquin Rd, Schaumburg, IL 60196-4041
      View Details
    • Value Estimation by Request

      1301 Algonquin Rd

      OFFICE BUILDING (MULTI-STORY)
      1301 Algonquin Rd, Schaumburg, IL 60196-4041
      View Details
    • Value Estimation
      $510,000

      1301 Algonquin Rd

      OFFICE BUILDING (MULTI-STORY)
      1301 Algonquin Rd, Schaumburg, IL 60196-4041
      View Details
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    1297 Algonquin Rd
    Schaumburg, IL 60196
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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
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