Beloit, Wisconsin Commercial Real Estate 12 Listings

Beloit, Wisconsin: A Premier Destination for Commercial Real Estate

Introduction

Beloit, Wisconsin is emerging as a strategic hub for commercial real estate (CRE) in the Midwest. With a population of approximately 36,000, Beloit is located on the southern border of Wisconsin, adjacent to Illinois. The city's diverse economy, driven by manufacturing, distribution, and education sectors, presents unique opportunities for CRE investments. Its strategic location, coupled with active economic development initiatives, makes Beloit an attractive destination for real estate professionals.

Economic and Industry Overview

Beloit's economy is bolstered by major industries such as manufacturing, logistics, and education, each contributing significantly to the demand for various commercial property types. The city's industrial sector, particularly in advanced manufacturing, creates robust demand for industrial and flex spaces.

The Greater Beloit Economic Development Corporation is at the forefront of fostering economic growth, offering incentives and resources to businesses that drive CRE demand. Their initiatives support a thriving environment for both new developments and the expansion of existing enterprises.

Strategic Location and Transportation Infrastructure

Beloit's strategic location offers exceptional logistical advantages. The city is intersected by major highways such as Interstate 39/90, providing seamless access to Chicago, Madison, and Milwaukee. Additionally, Beloit is within close proximity to the Chicago Rockford International Airport, facilitating efficient air freight services.

The Wisconsin Department of Transportation provides detailed insights into the region’s transportation networks, enhancing Beloit's appeal as a distribution hub.

Commercial Real Estate Inventory & Zoning

Beloit features dynamic CRE submarkets, including the Central Business District (CBD) and burgeoning industrial corridors. Key asset classes available in the city include industrial, retail, office, and medical spaces, providing diverse investment opportunities.

Recent zoning updates have introduced incentives for developers, such as tax increment financing (TIF) districts. The City of Beloit Zoning Maps offer comprehensive details on zoning regulations and available parcels.

Major Employers and Institutions

Top employers in Beloit include Kerry Ingredients, ABC Supply Co., and Beloit Health System, which significantly influence CRE demand. Beloit College, a prominent liberal arts institution, also contributes to the economic vibrancy of the area.

For further information on local businesses, the Beloit Chamber of Commerce provides an extensive business directory.

Notable Commercial Developments & Projects

Beloit is home to several large-scale developments such as the Beloit Gateway Business Park, which exemplifies the city's commitment to fostering economic growth through public-private partnerships. Additionally, Opportunity Zones throughout the region offer tax incentives for investors.

The city's planning department provides site maps and development plans for ongoing projects.

Building Permits, Planning, and Development Tools

Beloit offers a range of tools and resources for developers:

Market Data & Economic Reports

Public data sets and reports, such as those from Census.gov and Beloit's Open Data Portal, offer valuable insights into market trends. Brevitas leverages AI-powered aggregation from these public sources, alongside internal insights, to provide a comprehensive view of Beloit's CRE landscape. Explore Brevitas-powered dashboards for the city here.