Mixed-Use

Kinsch Florist Property

Listing Price: $4,750,000

Lot Size
6.37 acres
Price/Acre
$745,683
Land Type
Land

Investment Overview

Marcus & Millichap has been selected to exclusively represent the sale of the Kinsch Village Florist & Garden Center property located in Downtown Palatine, Illinois. The ±6.37 acre parcel presents a rare opportunity to acquire one of the last undeveloped parcels in the village’s downtown for a significant Transit Oriented Development. Restaurants, shops, entertainment venues, groceries, and the Palatine Metra Station, one of the busiest stations in the system, are all located within a seven to ten minute walk from the site. The subject parcel is in a sub-market that has experienced a limited number of new Transit Oriented Developments due to the lack of suitable sites. Overall and beyond a downtown location, the sub-market has a high concentration of Class B and C buildings with pent up demand for Class A product. Major employment is an easy commute by car and by train. The parcel’s location is centralized for commutes to Schaumburg, O’Hare/Rosemont, Northbrook/Deerfield, and Northeast DuPage County. Within a thirty-minute drive there are over 77,000 employers with over 1,200,000 employees. Think of how many more employers are accessed by train to downtown Chicago. There is a lot of history with the property. It has been in the Kinsch family since 1938 and has been operated as a florist and greenhouse for three proud generations. Considering the above and that Palatine boasts high end demographics, it is high barrier to entry and has overall strong market fundamentals, this parcel warrants your serious attention.

Investment Highlights

  • Rare downtown Palatine IL TOD development opportunity
  • One of the last large parcels to develop in downtown Palatine
  • Walk to train, shops, restaurants, groceries
  • 1.2M employees within a 30-minute drive
  • Excellent demographics
  • Upscale & high-barrier to entry market

Exclusively Listed By

Listing Price: $4,750,000

Lot Size
6.37 acres
Price/Acre
$745,683
Land Type
Land

Investment Highlights

  • Rare downtown Palatine IL TOD development opportunity
  • One of the last large parcels to develop in downtown Palatine
  • Walk to train, shops, restaurants, groceries
  • 1.2M employees within a 30-minute drive
  • Excellent demographics
  • Upscale & high-barrier to entry market

Investment Overview

Marcus & Millichap has been selected to exclusively represent the sale of the Kinsch Village Florist & Garden Center property located in Downtown Palatine, Illinois. The ±6.37 acre parcel presents a rare opportunity to acquire one of the last undeveloped parcels in the village’s downtown for a significant Transit Oriented Development. Restaurants, shops, entertainment venues, groceries, and the Palatine Metra Station, one of the busiest stations in the system, are all located within a seven to ten minute walk from the site. The subject parcel is in a sub-market that has experienced a limited number of new Transit Oriented Developments due to the lack of suitable sites. Overall and beyond a downtown location, the sub-market has a high concentration of Class B and C buildings with pent up demand for Class A product. Major employment is an easy commute by car and by train. The parcel’s location is centralized for commutes to Schaumburg, O’Hare/Rosemont, Northbrook/Deerfield, and Northeast DuPage County. Within a thirty-minute drive there are over 77,000 employers with over 1,200,000 employees. Think of how many more employers are accessed by train to downtown Chicago. There is a lot of history with the property. It has been in the Kinsch family since 1938 and has been operated as a florist and greenhouse for three proud generations. Considering the above and that Palatine boasts high end demographics, it is high barrier to entry and has overall strong market fundamentals, this parcel warrants your serious attention.

Exclusively Listed By

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