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12.6 Acre Redevelopment Site 3 Office Properties Offered at $14,000,000 in Schaumburg, IL
Investment Highlights
- 12.64 acre redevelopment site
- Currently improved with four office buildings totaling 156,963 SF
- Potential to redevelop as multifamily complex or town homes
- Redevelopment potential as retail, restaurant or office space
Executive Summary
A 12.64 acre redevelopment site is available for sale on Algonquin Rd. This site has been rezoned and approved for 400 units multi-family complex.
This site is in a highly desirable location in Schaumburg, close to the Motorola and Zurich office campuses and a short drive from I-90 and Meacham Rd.
This site is in a highly desirable location in Schaumburg, close to the Motorola and Zurich office campuses and a short drive from I-90 and Meacham Rd.
Property Facts
| Price | $14,000,000 | Number of Properties | 3 |
| Price / SF | $118.91 / SF | Individually For Sale | 0 |
| Sale Condition | Redevelopment Project | Total Building Size | 117,733 SF |
| Sale Type | Investment or Owner User | Total Land Area | 9.65 AC |
| Status | Active |
| Price | $14,000,000 |
| Price / SF | $118.91 / SF |
| Sale Condition | Redevelopment Project |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 117,733 SF |
| Total Land Area | 9.65 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
846 Algonquin
846 E Algonquin Rd, Schaumburg, IL 60173 |
Office | 39,289 SF | 1984 | - |
|
850 Algonquin
850 E Algonquin Rd, Schaumburg, IL 60173 |
Office | 39,230 SF | 1984 | - |
|
860 Algonquin
860 E Algonquin Rd, Schaumburg, IL 60173 |
Office | 39,214 SF | 1984 | - |
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12.6 Acre Redevelopment Site
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