1200 Algonquin Rd Schaumburg, IL 60173
- Mixed-use properties
- 5.35 lot acres
Current Use by Public Records
- Interlakken / Apartment Building
Property Details for 1200 Algonquin Rd
- Lot size
- 5.35 lot acres
- Property type
- Mixed-use properties
- Property subtype
- Land
Description
This exceptional 5.35-acre mixed-use property, located at 1200 E Algonquin Rd in Schaumburg, Illinois (Cook County, zip code 60173), presents a compelling investment opportunity. Zoned Multi-Use, Multi-Modal, this strategically positioned parcel offers significant development potential. Permitted uses include, but are not limited to, townhomes, senior housing, multifamily residential, and commercial/retail spaces. The property boasts frontage along both Algonquin Road and Plum Grove Road, situated at a highly visible, lighted intersection. Enjoy easy access to major transportation arteries, including I-90 and I-290 via Algonquin Road. This location benefits from proximity to the Veridian Development, a large-scale mixed-use campus encompassing residential, office, entertainment, dining, and retail components. High traffic counts are a key advantage: Algonquin Road sees 34,800 vehicles daily, Plum Grove Road 2,100, and I-90 boasts 126,800 vehicles daily. The property's APN is 02-34-303-005, and annual property taxes are $35,136. The asking price for this remarkable opportunity is $3,600,000. Contact us for further details and to explore the vast potential of this exceptional location.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Schaumburg
- County
- Cook
- State
- Illinois
- Longitude
- -88.0488
- Latitude
- 42.072
