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Bismarck, IL High Cap Rate Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Bismarck, Illinois Market population: 63K. Browse multifamily, office, retail, industrial, and mixed-use investment opportunities....

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⭐ Featured

Investment Opportunity in La Grange Park, IL

$1,190,000
La Grange Park Multifamily

This multifamily apartment property located in La Grange Park, IL, presents a compelling investment opportunity for real...

Cap Rate 7.68%
NOI $91,392
Size 5,200 SF

📊 Average Cap Rate For Bismarck ND Properties: 7.68%

📊 Avg Property Tax Rate For Bismarck ND Properties: 1.0900%

📊 Average Income For Bismarck ND Commercial Property: $54,969

Investor Questions For Bismarck ND

Common questions from investors exploring commercial real estate in Bismarck ND.

What is the overall investment potential of Bismarck, ND, considering its demographic and economic factors? +
Bismarck, ND, with a population of 63,353 and a median age of 37.1, presents a stable investment market, given its median household income of $54,969, low poverty rate of 9.2%, and high health insurance coverage of 93.5%, indicating a relatively secure and healthy tenant base.
How does the ethnic diversity and industry landscape of Bismarck influence its real estate market? +
The city's top ethnicities, including White (47.1%) and Native American (2.1%), and its diverse industries such as Agriculture, Forestry, Fishing & Hunting, & Mining, and Public Administration, contribute to a robust market demand, with the employed population of 35,436 supporting the local economy and potentially the rental market.
What are the implications of Bismarck's commute times and health insurance rates for real estate investors? +
The average commute time of 17.6 minutes and high health insurance coverage of 93.5% suggest a city with good infrastructure and a stable workforce, which can lead to lower tenant turnover rates and a more reliable rental income stream for investors.
How do the poverty rate and homeownership rate in Bismarck impact the attractiveness of its real estate market for investors? +
The relatively low poverty rate of 9.2% and a homeownership rate of 64.4% indicate a market with a strong potential for property appreciation and stable rental yields, as it suggests a population with the means to afford housing and a preference for owning homes.
What role do the median property value and property taxes play in assessing the investment viability of Bismarck's real estate market? +
With a median property value of $163,900 and median property taxes of $18,252, Bismarck offers a relatively affordable entry point for investors, and when combined with its low poverty rate, diverse economy, and high health insurance coverage, it presents an attractive balance of affordability and potential for long-term appreciation and rental income.

Bismarck ND Real Estate & City Facts

Key facts and real estate information about Bismarck ND.

What are some of the best neighborhoods to live in Bismarck? +
Some of the best neighborhoods to live in Bismarck include the area around the Capitol Grounds, which offers a mix of historic homes and modern amenities. Other popular neighborhoods include the areas near the Missouri River, which offer beautiful views and easy access to outdoor recreation. However, I was unable to find specific neighborhood names.
What are some fun things to do in Bismarck? +
Bismarck has a lot to offer when it comes to things to do. You can visit the Dakota Zoo, explore the North Dakota Heritage Center and State Museum, or take a stroll along the bike and walking trails. The city also hosts a variety of events throughout the year, including the Bismarck-Mandan Events Calendar. Additionally, you can check out the Fort Abraham Lincoln State Park, Chiefs Looking Village, and the art tunnel at the ND Heritage Center.
What is the food scene like in Bismarck? +
The food scene in Bismarck is vibrant and diverse. You can find everything from Brazilian steakhouses like Fogão Gaúcho to American classics like Sickies Garage Burgers & Brews. The city is also home to a variety of unique restaurants, such as the Walrus Restaurant and India Clay Oven. There are also plenty of great food trucks and breweries to explore, like Gideons downtown and Fireflower Pizza.
What are the pros and cons of living in Bismarck? +
One of the pros of living in Bismarck is the city's natural beauty, with plenty of outdoor recreation opportunities along the Missouri River. The city also has a strong sense of community, with a variety of events and festivals throughout the year. However, one of the cons is that the city can be quite cold in the winter, and the job market may be limited in certain industries. Additionally, some residents have noted that the city can feel a bit small and isolated at times.
Is Bismarck a good place to live? +
Overall, Bismarck can be a great place to live for people who enjoy outdoor recreation, a strong sense of community, and a relatively low cost of living. While the city may have some drawbacks, such as cold winters and limited job opportunities, it offers a unique blend of natural beauty, cultural attractions, and small-town charm. Ultimately, whether or not Bismarck is a good place to live depends on your individual preferences and priorities.
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