Proposals for new commercial space on 26 acres of council-owned land at Bradley Fold Trading Estate will be set out in a report by Lambert Smith Hampton in the New Year.
The council's largest non-operational property asset is mainly vacant and occupied on only an informal basis by a handful of local firms, who could be relocated.
The local authority wants to exploit the asset to boost revenue from its property portfolio through a combination of new development, regeneration and refurbishment.
Gayle Taylor, director of building consultancy at LSH's Manchester office, said: "LSH has a detailed knowledge of the project, having worked previously on the Bradley Fold Trading Estate in both a building consultancy and industrial agency capacity. Getting involved with the council at this initial feasibility stage allows us to help shape the next chapter for the site and further develop our working relationship with Bury Council."
Cllr Mike Connolly, leader of Bury Council, said: "This council has made supporting business one of its top priorities. Revitalising Bradley Fold is extremely important to this council but also for the businesses and residents of Bury. The council has commenced the process through undertaking selective demolition and with the council also investing significantly into the Bradley Fold depot the long-term future and vitality of Bradley fold is assured."