Commercial > Industrial
Sold
09/05/2013
Sold Price
$3,850,000$254/ft²
550 Albion Ave
Schaumburg, IL 60193
- -Bed
- -Bath
- 15,150ft²Living Area
- 5.7acLot Size
- -Pool
- -Car
- 1975Year Built
- -DOM
- 36Permits
550 Albion Ave, Schaumburg, IL 60193 is a 15,150 ft² commercial industrial property property built in 1975 on a 5.740 acre lot with 36 construction permits. This commercial industrial property is currently off market, and it was last sold in 2013 for $3,850,000.
Permits
550 Albion Ave has 36 permit records of total value of $3,450,930.
Permit History
36
Permits
$3,450,930
Total Permit Value
July 7, 2017
Description: Spray boothJob Value: $260,000Status: completeType: Misc/operationalApplicant: Ts Group LLCEffective Date: 2017-07-07Permit Number: 201301478
July 7, 2017
Description: Zoning m1 - office and warehouseoffice remodelStatus: completeType: Business license notificationApplicant: True FabEffective Date: 2017-07-07Permit Number: 201303503
July 7, 2017
Description: Electrical wiring for new paint booth and additional weldingoutlets including addl 200a panels and 1 transformerJob Value: $31,000Status: completeType: Electrical miscellaneous commercialEffective Date: 2017-07-07Permit Number: 201301964
July 7, 2017
Description: Electrical wiring for welding machines and air compressorwest sideJob Value: $33,000Status: completeType: Electrical miscellaneous commercialEffective Date: 2017-07-07Permit Number: 201301961
July 7, 2017
Description: Pallet rackingStatus: issuedType: Misc/operationalApplicant: Bisco EnterprisesEffective Date: 2017-07-07Permit Number: 201307398
March 16, 2016
Description: 27 sq ft illum monument multi tenantStatus: completeType: Sign groundApplicant: Compass Properties LLCEffective Date: 2016-03-16Permit Number: 201506921
February 3, 2016
Description: Zoning m1 - vanilla boxinterior warehouse wallsJob Value: $200,000Status: completeType: Alterations - industrialApplicant: Vanilla BoxEffective Date: 2016-02-03Permit Number: 201202550
September 8, 2015
Description: Zoning m1 - air compressor retail service & warehouseStatus: completeType: Nt occupancyApplicant: Fluid Aire DynamicsEffective Date: 2015-09-08Permit Number: 201504451
September 4, 2015
Description: Zoning m1 - general business office travel agencynot for profit travel coordinatorStatus: completeType: Nt occupancyApplicant: Hughes Travel IncEffective Date: 2015-09-04Permit Number: 201504648
July 28, 2015
Description: New electrical service-multiple installs in electrical roomto feed ste 100 & 110Job Value: $30,000Status: completeType: Electrical serviceEffective Date: 2015-07-28Permit Number: 201403908
July 27, 2015
Description: Replace 50 ft of damaged sewer lineJob Value: $7,500Status: completeType: Sewer repairs - residentialEffective Date: 2015-07-27Permit Number: 201405907
June 2, 2015
Description: Install fire alarm systemJob Value: $19,010Status: completeType: Fire alarmEffective Date: 2015-06-02Permit Number: 201404155
May 12, 2015
Description: Install sprinkler systemJob Value: $90,000Status: completeType: SprinklerEffective Date: 2015-05-12Permit Number: 201404182
March 3, 2015
Description: Zoning m1 - warehousde/distribution - lamination filmsoffice buildoutJob Value: $455,000Status: issuedType: Alterations - officeApplicant: Compass Properties LLCEffective Date: 2015-03-03Permit Number: 201500692
February 6, 2015
Description: Zoning m1 - officenew officesJob Value: $1,900,000Status: withdrawnType: Alterations - officeEffective Date: 2015-02-06Permit Number: 201402713
January 13, 2015
Description: Zoning m1-assembly & manufacturing-aluminum storage systemsStatus: completeType: Nt occupancyEffective Date: 2015-01-13Permit Number: 201406999
November 20, 2014
Description: Irrigation installationJob Value: $20,800Status: completeType: Underground sprinklers - commercialEffective Date: 2014-11-20Permit Number: 201405973
July 30, 2014
Description: On site parking spaces - 105 spaces fire hydrant repairsparking and landscape improvementsJob Value: $185,000Status: issuedType: Land dev commercial ind maj w/o detEffective Date: 2014-07-30Permit Number: 201404269
December 10, 2013
Description: Machine wiring 110v outlets data wiringJob Value: $5,600Status: completeType: Electrical miscellaneous commercialEffective Date: 2013-12-10Permit Number: 201205161
December 10, 2013
Description: Repair lighting and exit/em fixturesJob Value: $1,600Status: completeType: Electrical miscellaneous commercialEffective Date: 2013-12-10Permit Number: 201201902
December 2, 2013
Description: Ventilation water supply electrical wiringJob Value: $9,620Status: completeType: Miscellaneous building commercialApplicant: Bee Clean SpecialitiesEffective Date: 2013-12-02Permit Number: 201205239
July 24, 2013
Job Value: $10,000Status: completeType: Land dev commercial ind maj w/o detEffective Date: 2013-07-24Permit Number: 201206039
July 2, 2013
Description: Machine wiring 110v outlets data wiringJob Value: $3,200Status: completeType: Electrical miscellaneous commercialEffective Date: 2013-07-02Permit Number: 201205162
June 13, 2013
Description: Zoning m1 - office and warehouseoffice remodelJob Value: $52,000Status: completeType: Alterations - officeApplicant: True FabEffective Date: 2013-06-13Permit Number: 201207397
February 27, 2013
Description: Installing equipmentJob Value: $120,000Status: completeType: Alterations - minor - commercialApplicant: TC GroupEffective Date: 2013-02-27Permit Number: 201207297
February 11, 2013
Job Value: $13,000Status: completeType: SprinklerApplicant: Compass PropertiesEffective Date: 2013-02-11Permit Number: 201204810
January 10, 2013
Description: Zoning m1 - manufacturer of food service equipmentStatus: completeType: Nt occupancyApplicant: Schaumburg Specialties CoEffective Date: 2013-01-10Permit Number: 201206322
December 21, 2012
Description: M1 - temporary storage and office space thru october 2012rolls of laminating material temporary permit aprox 6 monthStatus: completeType: Nt occupancyApplicant: Vanilla BoxEffective Date: 2012-12-21Permit Number: 201201410
December 18, 2012
Description: Zoning m1 - air filtration equipment sales and distributionStatus: completeType: Nt occupancyApplicant: Bisco EnterprisesEffective Date: 2012-12-18Permit Number: 201206320
October 9, 2012
Description: Replacement of existing electrical panel 400aJob Value: $4,600Status: completeType: Electrical miscellaneous commercialApplicant: Compass PropertiesEffective Date: 2012-10-09Permit Number: 201203775
September 21, 2012
Description: Zoning m1 - door hardware moulding supplierntStatus: completeType: Nt occupancyApplicant: Royal Crowns and TrimEffective Date: 2012-09-21Permit Number: 201205168
September 21, 2012
Description: M1 -metal products manufacturing of spec agriculture equipmtStatus: completeType: Nt occupancyApplicant: Ts Group LLCEffective Date: 2012-09-21Permit Number: 201204213
September 21, 2012
Description: Zoning m1 - wholesale charcoal brickets suppliesntStatus: completeType: Nt occupancyApplicant: Apache SupplyEffective Date: 2012-09-21Permit Number: 201205165
September 21, 2012
Description: Zoning m1 - filter storage and cleaningStatus: completeType: Nt occupancyApplicant: Bee Clean SpecialitiesEffective Date: 2012-09-21Permit Number: 201205164
September 21, 2012
Description: Zoning m1 - menu lamination & laminate storagentStatus: completeType: Nt occupancyApplicant: Crystal BrookEffective Date: 2012-09-21Permit Number: 201205167
September 18, 2012
Status: completeType: Fire alarmApplicant: Compass PropertiesEffective Date: 2012-09-18Permit Number: 201204300
Current Ownership
Information about the current owner(s).
Taxes Billed
Taxes billed in 2021$150,544.55From latest Total Assessed Value30.31%Total Assessed Value$496,695=Land+
Assessed Value$125,104Additions
Assessed Value$371,591
In 2021, taxes billed for 550 Albion Ave were $150,544.55, which is 30.31% from latest Total Assessed Value of $496,695.
Property History
550 Albion Ave has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).
Property Events
Environment
Environmental factors around 550 Albion Ave
Hazard Risks
Tornado195Wind171Hail163Ozone124Air Pollution117Nat'l Avg100Weather98Particulates89Carb Mono80Lead55Earthquake47Hurricane12
12 hazards (Carbon Monoxide, Earthquake Risk, Hail Index, Tornado Index, Hurricane Index, Air Pollution Index, Ozone Index, Wind Index, Weather Risk, Lead Index, Particulate Matter, National Average) are above the national average around 550 Albion Ave.
Walkability Index
6 /20
Most Walkable
20-18
Very Walkable
17-15
Somewhat Walkable
14-10
Car Dependent
9-0
550 Albion Ave has a walkability score of 6 out of 20, which means that it is in a car dependent area.
Temperature
Seasonal temperature sampled over multiple years
Winter
Average
Low
15°F
High
32°F
Summer
Average
Low
59°F
High
82°F
In the winter at 550 Albion Ave, temperatures range from 15.22°F to 32.2°F with an average of 23.71°F. In the summer, the temperature ranges from 59.18°F to 82.39°F with and average of 70.79°F.
School Information
Public/private schools serving 550 Albion Ave
Public Schools
Schaumburg High School
Grades: 9-12
2.32 mi
A
Lincoln Prairie School
Grades: KG-8
4.56 mi
B+
Buzz Aldrin Elementary School
Grades: KG-6
1.20 mi
B
Robert Frost Jr High School
Grades: 7-8
0.75 mi
A-
* The school rating is based entirely on the test score performance of each school. It is based on a scale of A-F, A being best.
Nearby public schools serving 550 Albion Ave have ratings undefined, undefined, undefined, and undefined.
Neighborhood
This property is located in Schaumburg.
Seasonal Housing units 60193
9%of housing is for seasonal rent.
Daytime Population for 60193
-3%of people during work hours.
Boundary map of Schaumburg.
Crime Index for 60193
51
51
The crime index in 60193 is 51, which is 0.5 times lower than national average.
Market Trends
Historical market data near 550 Albion Ave over selected time period.
Nearby Properties on Albion Ave
- 805 Albion Ave, Schaumburg, IL 60193 is a 0.77 acre property.
- 550 Albion Ave, Schaumburg, IL 60193 is a 15,150 square foot and 5.74 acre property.
- 700 Albion Ave, Schaumburg, IL 60193 is a 9.34 acre property.
- 821 Albion Ave #Ste B, Schaumburg, IL 60193 is a 0.45 acre property.
- 931 Albion Ave, Schaumburg, IL 60193 is a 1.04 acre property.
- 600 Albion Ave # 28, Schaumburg, IL 60193 is a 2.28 acre property.
- 815 Albion Ave, Schaumburg, IL 60193 is a 0.75 acre property.
- 809 Albion Ave, Schaumburg, IL 60193 is a 0.93 acre property.
- 921 Albion Ave, Schaumburg, IL 60193 is a 1.25 acre property.
- 821 Albion Ave #Ste A, Schaumburg, IL 60193 is a 0.47 acre property.
- 825 Albion Ave, Schaumburg, IL 60193 is a 0.71 acre property.
- 911 Albion Ave, Schaumburg, IL 60193 is a 1.15 acre property.
- 801 Albion Ave # 3, Schaumburg, IL 60193 is a 1.02 acre property.
- 700 Albion Ave, Schaumburg, IL 60193 is a 2.01 acre property.
- 600 Albion Ave # 28, Schaumburg, IL 60193 is a 2.01 acre property.
- 600 Albion Ave # 28, Schaumburg, IL 60193 is a 2.15 acre property.