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Island Lake, IL High Cap Rate Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Island Lake, Illinois Market population: 8K. Browse multifamily, office, retail, industrial, and mixed-use investment...

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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

πŸ“Š Average Cap Rate For Island Lake IL Properties: 7.68%

πŸ“Š Avg Property Tax Rate For Island Lake IL Properties: 2.8900%

πŸ“Š Average Income For Island Lake IL Commercial Property: $67,382

Investor Questions For Island Lake IL

Common questions from investors exploring commercial real estate in Island Lake IL.

What's the overall investment outlook for Island Lake, IL? +
Island Lake presents a stable investment market, with a median household income of $67,382, a relatively low poverty rate of 7.3%, and a high health insurance coverage rate of 92.5%, indicating a strong and healthy community. The top industries, including Wholesale Trade and Finance & Insurance, also suggest a diverse economy. Additionally, the average commute time of 33.5 minutes and high homeownership rate of 81.6% point to a desirable quality of life.
How does the demographic makeup of Island Lake impact rental demand? +
The demographic makeup of Island Lake, with a median age of 35.0 and a diverse population including White, White Non-Hispanic, and Hispanic communities, suggests a strong and stable rental market. The foreign born rate of 12.1% and top industries like Professional, Scientific, & Management, & Administrative & Waste Management Services also indicate a potential for a skilled and employed tenant base, which is further supported by the low poverty rate of 7.3% and high health insurance coverage rate of 92.5%.
What are the key factors influencing property values in Island Lake? +
Property values in Island Lake are influenced by several factors, including the median property value of $167,700, median property taxes of $2,537, and a high homeownership rate of 81.6%, which suggests a strong demand for housing. The average commute time of 33.5 minutes and the top commute methods, such as driving alone or carpooling, also indicate a convenient location. Furthermore, the GINI coefficient of 0.326 and the poverty rate of 7.3% suggest a relatively equal distribution of income and a low level of poverty, which can contribute to stable property values.
How does the local economy impact the real estate investment market in Island Lake? +
The local economy in Island Lake, driven by top industries such as Wholesale Trade, Finance & Insurance, and Professional, Scientific, & Management, & Administrative & Waste Management Services, suggests a diverse and stable economic base. The employed population of 4,370 and the median household income of $67,382 also indicate a strong and skilled workforce, which can support a healthy rental market. Additionally, the health insurance coverage rate of 92.5% and the low poverty rate of 7.3% suggest a high level of employment stability and access to healthcare, making Island Lake an attractive location for real estate investment.
What are the implications of Island Lake's quality of life metrics for real estate investors? +
Island Lake's quality of life metrics, including an average commute time of 33.5 minutes, a high health insurance coverage rate of 92.5%, and a diverse population with a median age of 35.0, suggest a desirable and stable community. The top commute methods, such as driving alone or carpooling, and the high homeownership rate of 81.6% also indicate a convenient and attractive location. Furthermore, the poverty rate of 7.3% and the GINI coefficient of 0.326 suggest a relatively low level of poverty and a equal distribution of income, which can contribute to a stable and growing property market, making it an attractive location for real estate investors.

Island Lake IL Real Estate & City Facts

Key facts and real estate information about Island Lake IL.

What are some of the best neighborhoods to live in Island Lake? +
Some of the best neighborhoods to live in Island Lake include Southport Village, which is a peaceful and family-friendly neighborhood with a strong sense of community. Other desired areas tend to be in the north parts of the city, while more affordable homes are in the central regions.
What are some fun things to do in Island Lake? +
There are plenty of fun things to do in Island Lake, such as visiting the McHenry Riverwalk, exploring the MILK AND HONEY FARM, or checking out the attractions at Converse Park. You can also visit the nearby lakes and forests for outdoor activities like hiking, biking, or water skiing.
What is the food scene like in Island Lake? +
The food scene in Island Lake is varied, with options ranging from waterfront restaurants like Lindy's Landing and Kief's Reef, to Italian restaurants like Main Street Social, and unique dining experiences like the Rainforest Cafe. There are also plenty of great food trucks and local eateries to try.
What are the pros and cons of living in Island Lake? +
The pros of living in Island Lake include its peaceful and family-friendly neighborhoods, plenty of outdoor activities, and a strong sense of community. However, some cons might include the limited number of job opportunities in the area, and the need to commute to nearby cities for work or entertainment. Additionally, the summer fun and water activities might not be as appealing to those who prefer quieter environments.
Is Island Lake a good place to live? +
Island Lake can be a great place to live for those who value a peaceful and family-friendly community, with plenty of opportunities for outdoor activities and a strong sense of community. However, it might not be the best fit for everyone, especially those who prefer more urban environments or need access to a wider range of job opportunities. Ultimately, it depends on your individual priorities and preferences.
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