Macomb, Illinois Commercial Real Estate 14 Listings
Macomb, Illinois: A Premier Destination for Commercial Real Estate
Introduction
Macomb, Illinois, presents a unique opportunity for commercial real estate (CRE) investors and professionals, thanks to its strategic location and vibrant economic landscape. As the county seat of McDonough County, Macomb is home to a diverse economy, bolstered by education, manufacturing, and healthcare sectors. This city's appeal lies in its balance of small-town charm and significant potential for CRE development.
Economic and Industry Overview
Macomb's economy is primarily driven by education, healthcare, and manufacturing industries. Western Illinois University (WIU) serves as a major economic engine, attracting students and faculty from across the region and creating demand for multifamily and retail properties.
- Education: WIU is a key driver of demand for commercial properties, influencing the need for student housing, retail, and service-oriented businesses.
- Healthcare: McDonough District Hospital and other healthcare providers contribute to the demand for medical office spaces and related facilities.
- Manufacturing: The presence of manufacturing companies supports the industrial real estate market, providing opportunities for warehouse and distribution facilities.
Local economic development initiatives, such as those by the Macomb Area Economic Development Corporation, aim to attract new businesses and industries to the area, thereby enhancing CRE opportunities.
Strategic Location and Transportation Infrastructure
Macomb benefits from a strategic location with access to major transportation networks:
- Highways: U.S. Route 67 and Illinois Route 9 facilitate efficient road transport, linking Macomb to larger markets.
- Rail: Amtrak provides passenger rail service, enhancing connectivity to Chicago and other key cities.
- Airports: The nearby Macomb Municipal Airport supports general aviation needs, while major airports in Peoria and Springfield offer broader access.
These transportation assets provide logistical advantages, making Macomb an attractive hub for distribution and access to labor pools.
Commercial Real Estate Inventory & Zoning
Macomb's CRE landscape is characterized by several submarkets:
- Central Business District (CBD): The CBD offers retail and office spaces, appealing to businesses catering to the local community and university population.
- Industrial Corridors: Areas along major highways are zoned for industrial use, suitable for warehouses and manufacturing facilities.
- Retail and Mixed-Use: Developments near WIU cater to retail and mixed-use demands, with opportunities for innovative projects.
The city provides zoning maps and parcel viewers to assist developers in navigating local regulations. Recent zoning adjustments and incentives aim to stimulate CRE growth and attract investment.
Major Employers and Institutions
Macomb's major employers significantly influence the local CRE market:
- Western Illinois University: A major employer and economic driver, impacting demand for housing, retail, and services.
- McDonough District Hospital: A key healthcare provider, generating demand for medical office spaces.
- Pella Corporation: This manufacturing company contributes to the industrial real estate sector.
For more information on employment and business opportunities, visit the City of Macomb Economic Development page.
Notable Commercial Developments & Projects
Recent developments in Macomb highlight the city's potential for CRE growth:
- Prairie Hills Business Park: A mixed-use development that offers opportunities for office, retail, and light industrial projects.
- Downtown Revitalization Initiatives: Public-private partnerships aim to rejuvenate the downtown area, enhancing its appeal for retail and office space.
Developers can explore opportunities in designated Opportunity Zones within the city.
Building Permits, Planning, and Development Tools
Macomb provides several resources for CRE professionals:
- Building and Safety Department
- Permitting Portal
- Parcel Map Viewer / GIS
- Planning Commission
- Development Code
Market Data & Economic Reports
Public data sets provide insights into Macomb's CRE market:
- Census Data
- City's Open Data Portal
- Economic impact reports available through the Macomb Area Economic Development Corporation
Brevitas leverages AI-powered aggregation from public data and internal insights. Explore Brevitas-powered dashboards for detailed market analysis.
Why Use Brevitas for Macomb, Illinois CRE?
Brevitas offers unique advantages for CRE professionals in Macomb:
- AI-Driven CRE Discovery: Access to real-time market alerts and smart property pages.
- Dealroom Collaboration: Seamless integration with brokers and developers.
- Exclusive Listings and Premium Exposure: Auto-generated listing pages and marketing tools enhance property visibility.
Leverage Brevitas' comprehensive suite of tools to navigate the Macomb CRE landscape effectively and efficiently.
