Manteno, Illinois Commercial Real Estate 0 Listings

Manteno, Illinois: A Premier Destination for Commercial Real Estate

Introduction

Manteno, Illinois, is rapidly emerging as a hotspot for commercial real estate (CRE) investments. With its strategic location in Kankakee County, this town boasts a robust economy supported by key industry clusters. Known for its industrial and logistics sectors, Manteno offers a unique positioning for businesses looking to tap into the Midwest's vast market. Its proximity to major urban centers and transportation hubs makes it a compelling choice for CRE investors and developers.

Economic and Industry Overview

Manteno's economy is predominantly driven by its industrial and logistics sectors. The presence of manufacturing plants and distribution centers supports a high demand for industrial and warehouse spaces. The town's economic landscape is further bolstered by regional economic development initiatives such as the Kankakee County Economic Alliance, which aims to attract and support businesses in the region.

Key industries in Manteno include:

Manufacturing: A significant contributor to local employment and CRE demand, particularly for industrial spaces.
Logistics and Distribution: With several distribution centers, demand for warehouse and transportation facilities is high.

Strategic Location and Transportation Infrastructure

Manteno's strategic location provides easy access to major transportation networks, enhancing its appeal for distribution and logistics companies.

Highways: The town is located near Interstate 57, providing a direct route to Chicago and other major Midwest markets.
Rail Lines: Proximity to rail services enhances goods transportation, making it ideal for logistics operations.
Airports: The nearby Greater Kankakee Airport offers additional logistical advantages for businesses requiring air freight services.

For more details on transportation infrastructure, refer to the Illinois Department of Transportation.

Commercial Real Estate Inventory & Zoning

Manteno offers a diverse range of commercial real estate submarkets:

Industrial Corridors: Predominantly located near highways, these areas cater to manufacturing and logistics companies.
Retail Spaces: Concentrated in central business districts, supporting local commerce and service industries.
Office and Flex Spaces: Located in various business parks, providing versatile options for small to medium enterprises.

The town supports development through zoning maps and parcel viewers, offering incentives for developers including tax abatements and expedited permitting processes.

Major Employers and Institutions

Manteno is home to several major employers that drive demand for CRE:

Armstrong World Industries: A leading manufacturer of ceiling systems.
Pactiv Evergreen: A key player in the packaging solutions industry.

These companies, along with local educational institutions, create a stable demand for commercial properties. More information can be found on the Kankakee County Business Directory.

Notable Commercial Developments & Projects

Manteno features several large-scale development projects:

Manteno Innovation Park: A planned mixed-use development aimed at fostering innovation and collaboration.
Opportunity Zones: Parts of Manteno are designated as Opportunity Zones, offering tax incentives for investors.

For more on these projects, visit the Village of Manteno Planning Department.

Building Permits, Planning, and Development Tools

For developers and investors, Manteno offers several resources:

Market Data & Economic Reports

Manteno's CRE market is supported by reliable data sources:

Brevitas uses AI-powered aggregation from these public data sources and internal insights to provide comprehensive market analysis. Explore Brevitas-powered dashboards for Manteno here.