1200 Algonquin RdSchaumburg, IL 60173

For Sale
$3,600,000

Prime 5.35-acre commercial land, ideal for development.

Overview

Added:
Dec 11, 2024
Days on market:
92
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.
  • Easy access to I-90 and I-290.
  • Proximity to the Veridian mixed-use development.

Property Details for 1200 Algonquin Rd

Property type
Other mixed-use properties, Other land
Lot Size (sq. ft)
233,046 SF

Location Insight

City
Schaumburg
County
Cook
State
Illinois
Latitude
42.0720173
Longitude
-88.0487958
1200 Algonquin Rd, Schaumburg, Illinois

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1200 Algonquin Rd
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