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1301 E Algonquin Rd
Schaumburg, IL 60173
Land For Sale
·
2.50 AC
INVESTMENT HIGHLIGHTS
- Within Schaumburg Township High School District 211, rated within the top 50 Best Public High Schools in Illinois
- Traffic Counts: 11,950 vehicles per day on Meecham Rd 31,900 vehicles per day on Rt 62 148,000 vehicles per day on I-90
EXECUTIVE SUMMARY
CBRE has been retained by ownership to market for sale a pad-ready development site within Veridian. Known as Lot 15 within the masterplan, the 2.5-acre pad is programmed for a 180-unit Active Adult or Independent Living project. Lot 15 within Veridian is prime for Active Adult (age-restricted for 55-year old+) development as it is located across the street from a brand new park being completed, and only a block away from the future “The District” development containing shopping, restaurants and entertainment type uses. Further, Schaumburg is one of the largest cities in Illinois with a population of 74,194 people. 15% of the population is over 65.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Lot Size | 2.50 AC |
| Lot Size | 2.50 AC |
+ ± 2.5 Acres -Lot 15 within the Master Planned Community of Veridian + Lot 15 Zoning: This 2.5 acre pad is currently programed for a ±180 unit Active Adult Multifamily project + Site Condition: Improved Pad. Graded with utilities stubbed to the site
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