650 E Algonquin Rd, Schaumburg, IL 60173
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
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Risks
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