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    2000-2060 Algonquin Rd Palatine, IL 60173

    • Office Properties & Spaces
    • 101,000 SF
    For Lease
    View listing
    $15 SF/Yr
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 2000-2060 Algonquin Rd

    Property size
    101,000 SF
    Property type
    Office Properties & Spaces

    Description

    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.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Palatine
    County
    Cook
    State
    Illinois
    Longitude
    -88.0314
    Latitude
    42.0643

    Comparable in this City

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    • Value Estimation by Request
      2.82 Acres

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    • Value Estimation by Request
      6.51 Acres

      800 Woodfield Rd

      CONDOMINIUM OFFICES • 6.51 Acres
      800 Woodfield Rd, Schaumburg, IL 60173-4717
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    Similar Nearby for Lease

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    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
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