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How to Select the Right Industrial Site for Your Project

By
Real Estate Agent with Midwest Premier Realty, Gurnee IL 224-321-0699

When selecting an industrial site, you'll need to weigh the requirements of your new project against the benefits of available locations. And it's not always clear cut. For example, the perfect location offering copious benefits will more than likely come with a higher price tag.

The following points may help put things into perspective, as you sort through your options for the perfect site for your project.

Location. As with any type of real estate, location is the most important factor. Your industrial site should be in an area that complements your needs, and should have sufficient space to accommodate your buildings, parking lot, and perhaps a separate storage space. You also may wish to consider a property that already has buildings in place.

Infrastructure. Your location also must have available all the necessary elements required to run your operation, including access to major highways, connections to water (sufficient to satisfy fire safety regulations), the electrical power you need to run your machinery, and proper lighting.

Zoning. It's a huge bonus to find a site that is already properly zoned for industrial use; it can save you time, money, and the frustration that results from the long process of re-zoning you'd otherwise have to go through. But be prepared to pay a premium price for such a site.

Taxes. Taxes on industrial properties are often higher than those for other property types. In some circumstances, you may be able to negotiate tax incentives if you'll be bringing a new industry into the area.

Posted by

David Hill

David Hill

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