Buckingham, Illinois Commercial Real Estate 0 Listings

Buckingham, Illinois: A Premier Destination for Commercial Real Estate

Introduction

Buckingham, Illinois, although a small village, represents a burgeoning opportunity for commercial real estate (CRE) professionals. With its strategic location in Kankakee County, the city offers unique positioning that appeals to investors in various sectors. The economy is supported by local agriculture and manufacturing, making it a potential hotspot for industrial and logistics properties. Buckingham's proximity to larger urban centers enhances its value as a CRE destination.

Economic and Industry Overview

Buckingham’s economy is primarily driven by agriculture and manufacturing, with an increasing presence in logistics due to its strategic location. These industries create a significant demand for industrial property types, such as warehouses and distribution centers. Regional economic development agencies, like the Kankakee County Economic Alliance, play a crucial role in fostering growth and attracting businesses to the area.

Strategic Location and Transportation Infrastructure

Strategically situated near major transportation routes, Buckingham offers several logistical advantages:

Highways: Easy access to Interstate 57, which connects to Chicago and other major markets, enhancing distribution capabilities.
Rail Lines: Served by important freight lines facilitating efficient transportation of goods.
Proximity to Airports: Near Greater Kankakee Airport, providing connectivity for business travelers and freight operations.

These transportation options make Buckingham an ideal location for businesses relying on robust logistics and supply chain management.

Commercial Real Estate Inventory & Zoning

Buckingham’s commercial real estate market is divided into several submarkets, including:

Industrial Corridors: Areas specifically zoned for manufacturing and warehousing.
Retail Spaces: Limited but growing, catering to local and regional consumers.

Zoning changes and development incentives are managed by local authorities, providing support for commercial growth. Explore the Buckingham Zoning Map for detailed zoning information and opportunities.

Major Employers and Institutions

Key players in Buckingham’s economy include:

Agricultural Enterprises: Driving demand for agricultural-related industrial spaces.
Manufacturers: Local factories and production facilities requiring robust industrial real estate.

While Buckingham lacks major universities, nearby institutions contribute to the skilled labor pool, supporting various industries. Visit the Kankakee County Business Directory for more information.

Notable Commercial Developments & Projects

Several exciting developments are underway in Buckingham:

Mixed-Use Projects: Emerging developments that combine residential, retail, and office spaces.
Opportunity Zones: Facilitating investments and development through tax incentives.

These projects are supported by public-private partnerships, enhancing Buckingham’s appeal as a CRE location. Check the Planning Department for approved site maps and project details.

Building Permits, Planning, and Development Tools

For developers and investors, Buckingham offers a range of resources:

These tools facilitate streamlined planning and development processes, ensuring efficient project execution.

Market Data & Economic Reports

Access valuable data through public resources:

Census Bureau
City’s Open Data Portal
Economic impact reports available via local economic development agencies.

Brevitas utilizes AI-powered aggregation from these public data sources and internal insights. Explore the Brevitas Buckingham Dashboard for comprehensive market intelligence.