Commercial > Office
Sold
06/06/2018
Sold Price
$86,800,000$198/ft²
1400 American Ln
Schaumburg, IL 60173
- -Bed
- -Bath
- 437,388ft²Living Area
- 8.7acLot Size
- -Pool
- -Car
- 1989Year Built
- -DOM
- 38Permits
1400 American Ln, Schaumburg, IL 60173 is a 437,388 ft² commercial office property property built in 1989 on a 8.730 acre lot with 38 construction permits. This commercial office property is currently off market, and it was last sold in 2018 for $86,800,000.
Permits
1400 American Ln has 38 permit records of total value of $5,776,543.
Permit History
38
Permits
$5,776,543
Total Permit Value
July 7, 2017
Description: Zurich towers employee picnic 8/23/13Status: completeType: Special eventApplicant: Zurich American InsuranceEffective Date: 2017-07-07Permit Number: 201304076
July 7, 2017
Description: Luminous egress path markings in stariwellsJob Value: $75,000Status: completeType: Misc/operationalApplicant: Zurich AmericanEffective Date: 2017-07-07Permit Number: 201306107
July 7, 2017
Description: Repair/replace existing conduits wiringJob Value: $14,500Status: completeType: Electrical miscellaneous commercialApplicant: Zurich InsuranceEffective Date: 2017-07-07Permit Number: 201305143
July 7, 2017
Description: Telecommunications antennaJob Value: $35,000Status: completeType: Antenna - commercialApplicant: Zurich AmericaEffective Date: 2017-07-07Permit Number: 201302226
October 31, 2016
Description: Interior renovation of office building common areas lower levJob Value: $500,000Status: issuedType: Alterations - officeApplicant: RPAI Schaumburg American Lane LLCEffective Date: 2016-10-31Permit Number: 201606702
July 11, 2016
Description: Zoning b3 - officetenant alterationJob Value: $50,000Status: completeType: Alterations - officeEffective Date: 2016-07-11Permit Number: 201403359
March 3, 2016
Description: Install 2 pit laddersJob Value: $5,943Status: completeType: Elevator newEffective Date: 2016-03-03Permit Number: 201506274
January 18, 2016
Description: Install fire alarm system6th floorJob Value: $16,017Status: completeType: Fire alarmEffective Date: 2016-01-18Permit Number: 201404284
October 8, 2015
Description: Replace rpz in overhead sprinklerJob Value: $350Status: completeType: Plumbing - commercialEffective Date: 2015-10-08Permit Number: 201505560
August 20, 2015
Description: 8/14/15 employee picnic in parking lot 11am to 3pmrain date 8/17/15Status: completeType: Special eventApplicant: Zurich Towers, IncEffective Date: 2015-08-20Permit Number: 201503788
April 7, 2015
Description: Conduit for two security doors 13th floorJob Value: $5,458Status: completeType: Low volt electrical commercialEffective Date: 2015-04-07Permit Number: 201406743
November 25, 2014
Description: Install fire alarm system13th floorJob Value: $24,936Status: completeType: Fire alarmEffective Date: 2014-11-25Permit Number: 201404283
November 12, 2014
Description: Sound masking & card access system 4th & 5th flJob Value: $49,700Status: completeType: Electrical miscellaneous commercialEffective Date: 2014-11-12Permit Number: 201404199
November 6, 2014
Description: Install sprinkler system6th floor - tower 1Job Value: $34,200Status: completeType: SprinklerEffective Date: 2014-11-06Permit Number: 201403768
October 22, 2014
Description: Install sprinkler system20th floor - tower 2 (north)Job Value: $750Status: completeType: SprinklerEffective Date: 2014-10-22Permit Number: 201403897
October 15, 2014
Description: Zoning b3 - office- tower 1interior office building out 6th floorJob Value: $1,000,000Status: completeType: Alterations - officeEffective Date: 2014-10-15Permit Number: 201403246
August 22, 2014
Description: 8/15/14 zurich towers annual employee picnic 11am-3pmrain date 8/21/14Status: completeType: Special eventEffective Date: 2014-08-22Permit Number: 201403989
June 30, 2014
Description: Remove patio replace with gray concrete paint light bollardsJob Value: $49,865Status: completeType: Sidewalks/stoops - commercialEffective Date: 2014-06-30Permit Number: 201401628
April 15, 2014
Description: Zoning b3 - marketing management officeStatus: completeType: Nt occupancyEffective Date: 2014-04-15Permit Number: 201401174
June 5, 2013
Description: Asphalt repair concrete sidewalk and sealcoatJob Value: $36,298Status: completeType: Land dev commercial ind non-sf m&rEffective Date: 2013-06-05Permit Number: 201205753
January 15, 2013
Description: Zurich employee picnic 8/17/12Status: completeType: Special eventApplicant: Zurich InsuranceEffective Date: 2013-01-15Permit Number: 201204112
September 27, 2012
Description: Storm drain repair curb & gutter repairseal coating stripingJob Value: $48,739Status: expiredType: Parking lot stripingApplicant: Zurich American, MaryEffective Date: 2012-09-27Permit Number: 201103136
November 14, 2011
Description: Zoning b3 - insurance officeremodel officeJob Value: $1,000,000Status: completeType: Alterations - officeEffective Date: 2011-11-14Permit Number: 201100801
November 10, 2011
Description: Renovations to 17th floorJob Value: $1,000,000Status: completeType: Alterations - officeEffective Date: 2011-11-10Permit Number: 201102677
October 7, 2011
Description: 17th floor tower 1Job Value: $4,000Status: completeType: Fire alarmApplicant: Zurich InsuranceEffective Date: 2011-10-07Permit Number: 201104403
August 26, 2011
Description: Zurich picnic 8/26/11Status: completeType: Special eventApplicant: Zurich American, MaryEffective Date: 2011-08-26Permit Number: 201104259
August 17, 2011
Description: Tower 1 9th floorJob Value: $4,000Status: completeType: Fire alarmApplicant: Zurich InsuranceEffective Date: 2011-08-17Permit Number: 201104343
August 17, 2011
Description: 2nd floor tower 1Job Value: $4,500Status: completeType: Fire alarmApplicant: Zurich InsuranceEffective Date: 2011-08-17Permit Number: 201104405
August 9, 2011
Description: 9th floor tower 2Job Value: $24,000Status: completeType: SprinklerApplicant: Zurich Towers, IncEffective Date: 2011-08-09Permit Number: 201102110
August 9, 2011
Job Value: $24,000Status: completeType: SprinklerApplicant: Zurich American, MaryEffective Date: 2011-08-09Permit Number: 201103650
July 26, 2011
Description: 2nd floor tower 1Job Value: $42,900Status: completeType: SprinklerApplicant: ZurichEffective Date: 2011-07-26Permit Number: 201100872
July 7, 2011
Description: Roof removal and replacementJob Value: $1,191,130Status: completeType: Reroof - commercialEffective Date: 2011-07-07Permit Number: 201003661
July 1, 2011
Description: Storm sewer repairJob Value: $19,760Status: withdrawnType: Land dev commercial ind non-sf m&rApplicant: Zurich Towers, IncEffective Date: 2011-07-01Permit Number: 201103138
April 11, 2011
Job Value: $27,000Status: completeType: SprinklerEffective Date: 2011-04-11Permit Number: 201005120
April 11, 2011
Description: 20th floor centerJob Value: $17,550Status: completeType: Fire alarmEffective Date: 2011-04-11Permit Number: 201004928
November 16, 2009
Description: Zoning b3 - cell antenna su ord 09-0961400-1450Job Value: $85,945Status: completeType: Antenna - commercialEffective Date: 2009-11-16Permit Number: 200907154
September 17, 2009
Description: Upgrade 2 service elevators. Controls fixtures motors etcJob Value: $381,502Status: completeType: Elevator newEffective Date: 2009-09-17Permit Number: 200905851
June 3, 2009
Description: Remove & replace cast iron pipe1st floorJob Value: $3,500Status: completeType: Plumbing - commercialEffective Date: 2009-06-03Permit Number: 200903141
Current Ownership
Information about the current owner(s).
Taxes Billed
Taxes billed in 2021$2,167,347.50From latest Total Assessed Value30.31%Total Assessed Value$7,150,778=Land+
Assessed Value$1,214,811Additions
Assessed Value$5,935,967
In 2021, taxes billed for 1400 American Ln were $2,167,347.5, which is 30.31% from latest Total Assessed Value of $7,150,778.
Property History
1400 American Ln has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).
Property Events
Environment
Environmental factors around 1400 American Ln
Hazard Risks
Tornado189Wind155Hail127Ozone122Air Pollution118Nat'l Avg100Particulates93Weather91Carb Mono79Lead57Earthquake50Hurricane13
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 1400 American Ln.
Walkability Index
17 /20
Most Walkable
20-18
Very Walkable
17-15
Somewhat Walkable
14-10
Car Dependent
9-0
1400 American Ln has a walkability score of 17 out of 20, which means that it is in a very walkable area.
Temperature
Seasonal temperature sampled over multiple years
Winter
Average
Low
16°F
High
32°F
Summer
Average
Low
60°F
High
82°F
In the winter at 1400 American Ln, temperatures range from 15.78°F to 32.29°F with an average of 24.04°F. In the summer, the temperature ranges from 59.62°F to 81.89°F with and average of 70.76°F.
School Information
Public/private schools serving 1400 American Ln
Public Schools
J B Conant High School
Grades: 9-12
1.10 mi
A-
Lincoln Prairie School
Grades: KG-8
2.65 mi
B+
Fairview Elementary School
Grades: KG-6
1.44 mi
A-
Margaret Mead Jr High School
Grades: 7-8
2.43 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 1400 American Ln have ratings undefined, undefined, undefined, and undefined.
Neighborhood
This property is located in Schaumburg.
Seasonal Housing units 60173
36%of housing is for seasonal rent.
Daytime Population for 60173
+311%of people during work hours.
Boundary map of Schaumburg.
Crime Index for 60173
104
104
The crime index in 60173 is 104, which is 1.0 times higher than national average.
Market Trends
Historical market data near 1400 American Ln over selected time period.
Nearby Properties on American Ln
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