Effingham, KS High Cap Rate Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Effingham, Kansas Market population: 12K. Compare commercial properties across all major asset classes with...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Effingham IL Properties: 1.7900%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Effingham IL
Common questions from investors exploring commercial real estate in Effingham IL.
What's the overall investment potential of Effingham, IL, considering its demographic and economic factors?
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Effingham's median household income of $42,367, combined with a relatively high poverty rate of 16.1%, suggests a mixed market with opportunities for affordable housing investments. The city's high health insurance coverage rate of 93.0% and short average commute time of 14.2 minutes indicate a stable workforce, which is further supported by its top industries in finance, insurance, and public administration.
How does the ethnic diversity and industry mix in Effingham impact the local real estate market?
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The city's ethnic diversity, led by a White population of 48.4% and White Non-Hispanic population of 47.2%, contributes to a relatively stable community. The presence of top industries like finance, insurance, and real estate, along with public administration, suggests a demand for housing that can cater to professionals and families, potentially influencing property values and rental yields.
What are the implications of Effingham's poverty rate and health insurance coverage for real estate investors?
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The 16.1% poverty rate in Effingham, although a concern, is somewhat mitigated by the high health insurance coverage rate of 93.0%, indicating that a significant portion of the population has access to healthcare. This combination suggests that investors may find a working-class market with some level of employment stability, which can be beneficial for rental income consistency.
How do commute times and methods in Effingham affect the quality of life and attractiveness to potential tenants?
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The average commute time of 14.2 minutes in Effingham is notably short, and the top commute methods of driving alone, working from home, and carpooling suggest flexibility and convenience. These factors contribute to a high quality of life, making the area more attractive to potential tenants who value ease of transportation and work-life balance, which can positively impact rental demand and property values.
What insights can be gleaned from Effingham's homeownership rate, median property value, and property taxes for investment decisions?
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Effingham's homeownership rate of 63.5%, median property value of $112,100, and median property taxes of $3,379 provide a balanced view of the housing market. These figures indicate a relatively affordable market with potential for both rental investments and homeownership opportunities, suggesting that investors could find value in acquiring properties for rental income or fixing and flipping, considering the local demand and economic stability.
Effingham IL Real Estate & City Facts
Key facts and real estate information about Effingham IL.
What are some of the best neighborhoods to live in Effingham?
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Some of the best neighborhoods to live in Effingham, IL, are in the northwest parts of the city, while more affordable homes are in the south regions. Teutopolis and Effingham are also considered to be desirable areas to live.
What are some fun things to do in Effingham?
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There are plenty of fun things to do in Effingham, such as visiting the Tuscan Hills Winery, exploring the TREC Calico Trail, and checking out the My Garage Museum. You can also visit the Cross at the Crossroads, Lake Sara, and the Effingham Performance Center.
What is the food scene like in Effingham?
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The food scene in Effingham is diverse and exciting, with plenty of unique restaurants to try. Some popular spots include Firefly Grill, Gabby Goat American Pub & Grill, and Niemerg's Steakhouse. There are also plenty of great food trucks and cafes, like Joe Sippers Café, that serve up delicious coffee and bistro fare.
What are the pros and cons of living in Effingham?
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The pros of living in Effingham include its small-town charm, affordable housing, and plenty of outdoor recreational opportunities. However, some cons include the limited job opportunities and the fact that it's a relatively small town with not as many amenities as larger cities. Overall, Effingham is a great place to live for those who value a close-knit community and a relaxed pace of life.
Is Effingham a good place to live?
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Effingham is a good place to live for those who are looking for a small-town atmosphere with a strong sense of community. While it may not have all the amenities of a larger city, it has a lot to offer in terms of outdoor recreation, cultural events, and a growing food scene. Ultimately, whether or not Effingham is a good place to live depends on your individual preferences and priorities.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Effingham IL Commercial Property: $42,367
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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