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This exceptional 5.35-acre mixed-use property, located at 1200 E Algonquin Rd in Schaumburg, Illinois (Cook County, zip code 60173), presents a compelling investment opportunity. Zoned Multi-Use, Multi-Modal, this strategically positioned parcel offers significant development potential. Permitted uses include, but are not limited to, townhomes, senior housing, multifamily residential, and commercial/retail spaces. The property boasts frontage along both Algonquin Road and Plum Grove Road, situated at a highly visible, lighted intersection. Enjoy easy access to major transportation arteries, including I-90 and I-290 via Algonquin Road. This location benefits from proximity to the Veridian Development, a large-scale mixed-use campus encompassing residential, office, entertainment, dining, and retail components. High traffic counts are a key advantage: Algonquin Road sees 34,800 vehicles daily, Plum Grove Road 2,100, and I-90 boasts 126,800 vehicles daily. The property's APN is 02-34-303-005, and annual property taxes are $35,136. The asking price for this remarkable opportunity is $3,600,000. Contact us for further details and to explore the vast potential of this exceptional location.
Highlights
Multi-Use/Multi-Modal zoning.
Development potential includes townhomes, senior housing, multifamily, and commercial/retail.
Frontage on Algonquin Rd and Plum Grove Rd.
High-visibility corner lot at a lighted intersection.
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.