650 Algonquin Rd Schaumburg, IL 60173
- Office buildings
- 5.68 lot acres
Current Use by Public Records
- VisionTek / Electronics Manufacturer
- Samsui Howard Group Co., (USA) Ltd. / Wholesaler
- Hospitality Tech Next Generation / Corporate Office
- Strateology Business Consulting / Business Management Consultant
- BZA Behavioral Health / Psychotherapist / Child Psychologist
Property Details for 650 Algonquin Rd
- Year built
- 1987
- Lot size
- 5.68 lot acres
- Property type
- Office buildings
- APN
- 02-34-102-067
- APU
- 234102067
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,330,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,095,000
- 6.5%
- $3,100,000
- 7%
- $3,400,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,455,000
- Geo Method
- $3,620,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,475,000
- Retail
- $2,895,000
- Mixed-Use
- $2,700,000
- Hospitality
- $3,560,000
- Educational
- $3,145,000
- Residential Income
- $3,455,000
- Energy
- $2,825,000
- Income-Based Land
- $3,270,000
- Food Service
- $2,740,000
Location Insight
- Map
- Local Demand
- City
- Schaumburg
- County
- Cook
- State
- Illinois
- Longitude
- -88.0618
- Latitude
- 42.0747
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
