Waterman, Illinois Commercial Real Estate 1 Listing

Waterman, Illinois: A Premier Destination for Commercial Real Estate

Introduction

Waterman, Illinois, offers unique opportunities for commercial real estate (CRE) investors and developers. As a growing community with a strategic location, Waterman is a prime spot for industries seeking expansion in the Midwest. While it may be small in size, its proximity to larger urban centers makes it an attractive location for various commercial property types, from industrial to office spaces.

Economic and Industry Overview

Waterman's economy is supported by a diverse range of industries, including agriculture, manufacturing, and logistics. These sectors drive demand for industrial and office spaces, benefiting from Waterman's strategic location and skilled workforce. The Illinois Economic Development Agency actively supports initiatives that foster growth and innovation in these sectors, making Waterman a promising hub for commercial real estate.

Strategic Location and Transportation Infrastructure

Waterman's advantageous positioning near major transportation corridors enhances its appeal. The city is accessible via several highways, including Interstate 88 and Route 23, connecting it seamlessly to the Chicago metropolitan area. Additionally, the proximity to DeKalb Taylor Municipal Airport adds a logistical advantage for businesses. For more details, the Illinois Department of Transportation provides comprehensive transportation resources.

Commercial Real Estate Inventory & Zoning

Waterman is home to several CRE submarkets, including industrial corridors and mixed-use developments. Key asset classes include:

Industrial: Ideal for manufacturing and logistics operations.
Retail: Opportunities in burgeoning commercial districts.
Office: Spaces that cater to corporate and professional services.

Recent zoning updates and incentives for developers are detailed in the DeKalb County Zoning Maps and the City of Waterman Planning Department.

Major Employers and Institutions

Waterman hosts a range of employers that bolster CRE demand. Notable institutions include:

Local manufacturing plants
Agricultural co-operatives
Educational institutions in nearby DeKalb, such as Northern Illinois University

For a comprehensive list, visit the DeKalb County Economic Development Corporation.

Notable Commercial Developments & Projects

Waterman is seeing growth through various developments, including:

Mixed-use projects that integrate retail and residential spaces.
Public-private partnerships fostering community and economic development.
Opportunity Zones providing tax incentives for investors.

Further details can be found on the City of Waterman Planning Department website.

Building Permits, Planning, and Development Tools

For those interested in building and development, the following resources are essential:

Market Data & Economic Reports

Access to comprehensive market data is crucial for informed decision-making. Public datasets are available through Census.gov and the City’s Open Data Portal. Brevitas leverages AI-powered aggregation from these sources, along with internal insights, to provide dynamic, real-time market dashboards for Waterman.