MONEE, ILLINOIS IS IN SEARCH OF A COMMERCIAL REAL ESTATE DEVELOPER – AND WILL PROVIDE ECONOMIC INCENTIVES
This post is intended to serve two purposes:
- To give any interested commercial real estate developer a heads up that there is an opportunity in Monee, Illinois to obtain meaningful economic incentives as part of a public-private partnership with the Village of Monee;
- To help Monee, Illinois attract the commercial development it wants and needs – including particularly a grocery store.
Let me first say that I am not a real estate broker or real estate developer, I don’t own land in or near Monee, I don’t represent Monee, and I have no other specific connection to Monee.
WHAT IS THE POINT OF THIS POST?
I do represent commercial real estate developers (mostly property turn-around specialists and redevelopers) and commercial real estate investors. Developers often tell me they are looking for development opportunities
including, particularly, opportunities to work with municipalities willing to provide economic incentives. OK. Here is your opportunity.
TAKING “YES” FOR AN ANSWER
One of the quirks of real estate developers is that many developers don’t take advantage of low-hanging fruit. Developers like to be where the action is, which is fine – but often where the action is is not where the municipal economic incentives are. The best and easiest way to obtain economic incentives from a municipality is to work with a municipality actively seeking economic development and which is ready, willing and able to provide economic incentives. Monee, Illinois is such a place.
Monee is a small but rapidly growing home-rule village in Will County, Illinois. It currently has three (3) active TIF districts and a well-situated five (5) acre commercial parcel owned by the Village of Monee, designated for grocery store development. Will County is the fastest growing county in Illinois, and one of the fastest growing counties in the United States. The daytime population of Monee is much larger than the resident population, because of the presence of substantial industrial development and a large population in surrounding unincorporated Will County. Monee is served by a full interchange off of I-57, and easy access via IL-50, Governor’s Highway. Monee is also a stone’s throw from Governor’s State University in adjacent University Park.
CALLING ALL GROCERY STORES
What Monee believes it needs, and is willing to provide meaningful economic assistance to obtain, is retail development. What Monee really wants and needs is a full service grocery store. The nearest full service grocery store is a 20 minute highway drive away from Monee.
If you are a commercial real estate developer in search of public-private partnership opportunities with a willing municipal partner, Monee is a place you should consider.
If you are a grocery store developer or operator considering expansion into Will County, Illinois, you would be foolish not to consider Monee. I have met with the Mayor, Village Clerk and Village Administrator for Monee. I know they are serious. I have a sense of the economic incentives they are willing to offer. If you can’t make a grocery store development work in Monee, you will not likely be able to make one work anywhere.
HEADS UP
As I said at the outset of this post, I don’t have a stake in Monee. I just recognize the opportunity it represents to an entrepreneurial commercial real estate developer and/or grocery store operator.
I’m just giving you a heads-up. It is up to you to take advantage of it.
If I can be of assistance, let me know.
