Olney, Illinois Commercial Real Estate 1 Listing

Olney, Illinois: A Premier Destination for Commercial Real Estate

Introduction

Olney, Illinois, a charming city located in the southern part of the state, offers a unique appeal for commercial real estate (CRE) investors and professionals. With a population of approximately 8,000, Olney is known for its robust agricultural industry and emerging manufacturing sector. Its strategic location and evolving economy make it an attractive destination for CRE opportunities.

Economic and Industry Overview

Olney's economy is primarily driven by agriculture, manufacturing, and healthcare. The city's agricultural roots foster a demand for industrial and logistics properties, while its growing manufacturing sector increases interest in industrial and flex spaces. The healthcare industry, anchored by local medical centers, creates demand for office and medical real estate. The Greater Wabash Regional Planning Commission actively promotes economic development initiatives that support these industries.

Strategic Location and Transportation Infrastructure

Olney is well-positioned with access to major transportation routes. The city is near U.S. Route 50, providing east-west connectivity, and Illinois Route 130, which offers north-south access. The Olney-Noble Airport caters to general aviation needs, enhancing the city's logistical advantages. Proximity to larger labor pools in nearby metropolitan areas further supports distribution and logistics operations. For detailed transportation information, visit the Illinois Department of Transportation website.

Commercial Real Estate Inventory & Zoning

Olney's CRE market features diverse submarkets, including its Central Business District (CBD) and industrial corridors. Key asset classes include industrial, retail, and office spaces. Recent zoning changes have facilitated the development of mixed-use projects, providing incentives for developers. For zoning maps and parcel viewers, refer to the City of Olney Zoning Department.

Major Employers and Institutions

Olney hosts several major employers, including Richland Memorial Hospital, which drives demand for medical office real estate. The presence of schools and government centers also contributes to the local economy. More information on top employers can be found in the Olney Economic Development Corporation business directory.

Notable Commercial Developments & Projects

Olney is witnessing several large-scale developments, including mixed-use projects and public-private partnerships. These projects aim to enhance the city’s infrastructure and economic vitality. Opportunity Zones offer additional incentives for CRE investors. For more information on planning and development projects, visit the City of Olney Planning Department.

Building Permits, Planning, and Development Tools

To facilitate development, Olney provides comprehensive resources: - Building and Safety Department - Permitting portals - Parcel map viewer / GIS - Planning Commission - Development code PDF

Market Data & Economic Reports

Public data sets, such as those from census.gov and Olney’s open data portal, provide valuable insights into the city's economic landscape. Brevitas utilizes AI-powered aggregation from these sources and internal insights to offer a comprehensive market view. Explore Brevitas-powered dashboards for Olney here.

Why Use Brevitas for Olney, Illinois CRE?

Brevitas offers a suite of AI-driven tools for CRE discovery in Olney, Illinois. Key features include: - Auto-generated listing pages - Real-time market alerts - Smart property pages - Dealroom collaboration - Email and landing page tools - Integration with brokers and developers - Exclusive listings and premium exposure