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Commercial Development

Commercial and Industrial Development continues to be strong in Montgomery. Quality development took a lead over quantity. Fortune 500 companies and many family owned businesses opened or expanded in Montgomery.

The Village Board, elected officials, staff, and the MEDC office, worked hard to make the development process easy and business friendly. The community reached out to the developers and business owners to find out what could be done to stir development during some of the toughest times. The planning commission also took an active role to address the economy when variations and restrictions hurt the development process. These efforts helped make Montgomery the best choice to do business, when relocation experts were scouting the region. The Village and the MEDC also took a proactive role in seeking new development opportunities reaching out to retailers and developers. Douglas Road has been going through redevelopment as it was one of the first retail corridors in the community. See the latest commercial Development on Douglas Road. Montgomery – Montgomery Plaza

Buona Beef, EarthMover Credit Union, Goodwill, Mavis Tires & Brakes and Sonic became residents to Montgomery at the Ogden Hill Development. Ogden Hill is located at Route 30 and Ogden, or Route 34. This commercial center was developed by the Inland Development Group  and continues to bring new development to Montgomery. McAlister’s Deli opened in 2020. The Village welcomed Sam’s Club in 2014 and continues to draw shoppers from not only Montgomery, but from the surrounding communities as well. In 2018 Walmart closed 63 Sam’s Club stores, but Montgomery’s store continues to thrive drawing from Naperville & Oswego. In 2019 a new upscale apartment complex began construction and is now available. There are also several strip centers Montgomery – 1240 Ogden Retail CCK AP (003).

One of the most recent commercial developments in Downtown Montgomery include The Gray’s Mill Estate, which includes a bar, restaurant and banquet facility. Please see: The Gray’s Mill Estate for details: Danny’s Speakeasy bar in the lower level draws a nice crowd with live music available on the weekends.

Many of the high traffic count corridors continue to be underserved in the commercial and retail market. This includes Orchard road, Lake street and Route 30. This makes Montgomery a perfect opportunity for continued retail and commercial development. Land on Orchard has recently sold in 2021 with another automotive opportunity. The brand new Day care facility closed due to Covid, however that property is ready for a new development: See the attached listing sheet for the 10,000 square foot facility developed by McVicker’s.  BBC TLE flyer 2021-10-12 Plans have been reviewed and new development in the works includes a series of gas stations and restaurants still seeking opportunities in the area. The hotels in the area continue to be at full occupancy and Montgomery is a prime location for a new hotel and more sit down restaurants. The Park district, Stuart Sports Complex and Aurora University are just a few of the expanding entities needing Hotel accommodations. Please visit the Aurora Area CVB – Fiscal 2022 Mid-Year Report Current development proposals can be found on the Village web site or call the MEDC office to get the latest details.

Please call the MEDC office for the most updated information.
Special note* MEDC members and additional information is designated in Bold & underlined with links