For more information contact: Jarrett Fradin
Office: 773-736-3600 x 117 Cell: 773-551-5976 Jarrett@Straussrealty.com

801 Algonquin Rd.

Schaumburg, IL 60173

Status: For Sale, For Lease

Lease Type: Net

The subject property and Real Estate opportunity includes a +/- 8,000 SF Retail Building on 1.74 Acres Lot in Schaumburg, IL with pylon sign. The current retail component is leased to Escape Lounge & Sports Bar, a full-service lounge with a full-service restaurant and live entertainment. Escape Sports Bar & Lounge was newly rehabbed in 2015 with a build-out cost exceeding $750,000.00.

  • Sale Price: $1,395,000
  • Min Rentable SF: 8,000
  • Max Rentable SF: 8,000
  • Lease Price Per Sq. Ft.: $17.50
  • Property Tax: $49,075
  • MLS: 11188064
  • P.I.N.: 02-34-300-051-0000
  • Loopnet #: 23901822
  • Building Type: Commercial, Investment, Retail, Land
  • Number of Stories: 1
  • Building Square Feet: 8,000
  • Zoning: B2

Property Details

Currently Leased Retail Building Owner Will Vacate

o Lease Type NNN (Triple Net)
o Located in a High-Density Area
o Excellent Traffic and Curb Appeal
o Ample Onsite Parking
o 1.75 Acres Lot
o 2 Full-Service Bars
o B-2 Zoning
o Harper College & Motorola Solutions campus nearby
o 243’ of Frontage on Algonquin Road with 2 curb cuts