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    FOR LEASE
    Office buildings

    650 E Algonquin Rd, Schaumburg, IL 60173

    5.68 ac lot Built 1987
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US28-0864979
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING (MULTI-STORY)
    Year built 1987
    Lot 5.68 ac (247,421 SF)
    APN 02-34-102-067
    UPID US28-0864979
    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
    • VisionTek Factory Production Facility
    • Samsui Howard Group Co., (USA) Ltd. Big Box & Wholesale Store
    • Hospitality Tech Next Generation Corporate Office
    • Strateology Business Consulting Business Management Consultant
    • BZA Behavioral Health Psychotherapist Child Psychologist
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $3.33M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $3.33M
    Owner & transaction history
    Dr Jays Health Options LLC · 1 yrs held
    Dr Jays Health Options LLC
    since 2024
    Last sale
    $3.3M
    7 recorded transactions
    2024
    $3.3M
    2020
    2020
    2018
    2013
    2009
    $6.5M
    1999
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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