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    650 E Algonquin Rd Schaumburg, IL 60173
    Property profile & analytics

    650 E Algonquin Rd Schaumburg, IL 60173


    • Office buildings
    • 5.68 lot acres
    Schaumburg Office Space For Rent For Lease
    $17 SF/Yr
    81,522 SF

    Schaumburg Office Space For Rent

    Four-story office building with newly renovated lobby and abundant parking.

    650 E Algonquin Road, Schaumburg, IL 60173
    View Listing
    Property ID
    US28-0864979
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $3,330,000
    Cap Rate Potential
    Location Intelligence

    Current Use by 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 / Psychiatrist / Psychotherapist

    Property Details for 650 E 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 Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $3,330,000
      ML approach
      $3,330,000

    Get a detailed, property-specific estimation — fast and free


    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

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $388,309
    $618,767
    $813,654
    $1,432,421
    -
    $2,475,068
    $3,254,616
    $5,729,684
    View Listing
    More about this property
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