Nokomis, Illinois Commercial Real Estate 0 Listings

Nokomis, Illinois: A Premier Destination for Commercial Real Estate

Introduction

Nokomis, Illinois, may not be a sprawling metropolis, but its strategic location and robust local economy make it an attractive spot for commercial real estate (CRE) investments. This small city, with a population just over 2,000, is nestled in Montgomery County and offers a unique blend of agricultural and manufacturing industries. As a hub for agribusiness and light manufacturing, Nokomis presents opportunities for various CRE asset classes, making it a noteworthy consideration for CRE professionals.

Economic and Industry Overview

Nokomis has a diversified economic base, primarily driven by agriculture, manufacturing, and small businesses. The city's economy benefits from its fertile Midwest location, which supports a thriving agribusiness sector. Additionally, light manufacturing plays a significant role, with several small to medium-sized enterprises contributing to local demand for industrial properties. Economic development initiatives, supported by the Montgomery County Economic Development Corporation, aim to bolster these sectors, driving demand for industrial and office spaces.

Strategic Location and Transportation Infrastructure

Nokomis enjoys excellent connectivity due to its proximity to major transportation routes.

Highways: Nokomis is accessible via Illinois Route 16 and Route 127, facilitating smooth transportation of goods and services.
Rail: The city is served by regional rail lines, providing essential freight services that benefit local industries.
Airports: While there are no major airports within the city, Nokomis is within driving distance of Lambert-St. Louis International Airport, broadening access to national and international markets.

These logistical advantages enhance Nokomis's appeal as a distribution hub, offering easy access to labor pools and significant markets within the Midwest.

Commercial Real Estate Inventory & Zoning

Nokomis features diverse CRE submarkets, including industrial corridors and small business districts. Key asset classes in the city include:

Industrial: Warehouses and light manufacturing facilities dominate the landscape.
Retail: Small retail spaces cater to local needs.
Office: Available office spaces primarily support local businesses and services.

The city's zoning regulations are designed to accommodate growth. For more details, view Nokomis's zoning maps.

Major Employers and Institutions

Nokomis's economy is supported by several key employers and institutions:

Agriculture: Local farms and agribusinesses are significant employers.
Manufacturing: Small and medium-sized manufacturing companies.
Education: The Nokomis School District provides education and employment.

These employers drive demand for commercial properties, particularly in the industrial and office sectors. For a detailed list of local businesses, visit the Nokomis Business Directory.

Notable Commercial Developments & Projects

Nokomis is home to several impactful developments, including:

Mixed-Use Projects: Integrating residential, retail, and office spaces to foster community growth.
Public-private Partnerships: Collaborations aimed at enhancing infrastructure and economic vitality.

These developments are often located in Opportunity Zones, offering tax incentives for investors. For more information, check the Nokomis Planning Department.

Building Permits, Planning, and Development Tools

Access essential resources for developing in Nokomis:

Market Data & Economic Reports

Nokomis's economic landscape is supported by public data sets, such as those from census.gov and the city's open data portal. Brevitas enhances this with AI-powered aggregation and insights, providing comprehensive dashboards for CRE professionals. Explore Brevitas's Nokomis city search for more details.