Lake Elmo, MN High Cap Rate Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Lake Elmo, Minnesota Market population: 8K. Explore income-producing properties with verified cap rates and...
Advertisement
12 properties found
Investor Pitch Deck
Don’t just search properties. See why investors choose REI Capital.
Before you compare every deal alone, download the REI Capital investment pitch and see our growth story, strategy, and next-step materials.
⭐ 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 Lake Elmo MN Properties: 1.0200%
⭐ 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 Lake Elmo MN
Common questions from investors exploring commercial real estate in Lake Elmo MN.
What's the overall investment outlook for Lake Elmo, MN?
+
With a median household income of $113,419 and a low poverty rate of 2.9%, Lake Elmo presents a stable investment market, further reinforced by its high health insurance coverage rate of 98.1% and a relatively short average commute time of 28.4 minutes, indicating a strong and reliable workforce.
How does the local economy impact real estate demand?
+
The top industries in Lake Elmo, including Healthcare & Social Assistance, Retail Trade, and Finance & Insurance, contribute to a diverse economy, which, combined with a high employment rate and low poverty, suggests a consistent demand for housing, especially considering the area's high homeownership rate of 94.1% and median property value of $384,800.
What role does ethnic diversity play in the local real estate market?
+
While Lake Elmo has a predominantly White population at 92.6%, the presence of other ethnicities like Asian at 3.4% and a foreign-born rate of 4.3% indicates some diversity, which can contribute to a vibrant community, potentially attracting a broader range of residents and investors, especially when considering the area's strong educational background with 63.2% holding a Bachelor's degree or higher.
How do commute times and methods affect the quality of life for residents and, by extension, property values?
+
The average commute time of 28.4 minutes in Lake Elmo, with 87.8% of residents driving alone and 7.3% working from home, suggests a balance between accessibility and personal time, enhancing the quality of life, which is crucial for maintaining high property values and attracting potential buyers or renters, particularly in an area with such a high health insurance coverage rate of 98.1%.
What insights can be gleaned from the income inequality and poverty rates for potential investors?
+
The GINI coefficient of 0.373, indicating moderate income inequality, combined with a low poverty rate of 2.9% and high median household income of $113,419, suggests a stable and affluent community, which is further supported by the high health insurance coverage of 98.1%, pointing to a market with reliable tenants and homeowners, thus reducing investment risks in Lake Elmo's real estate market.
Lake Elmo MN Real Estate & City Facts
Key facts and real estate information about Lake Elmo MN.
What are some of the best neighborhoods to live in Lake Elmo?
+
Some of the best neighborhoods to live in Lake Elmo include the northwest parts of the city, which tend to be more desirable, and the southeast regions, which offer more affordable homes. Specific neighborhoods like Falcon Heights and Lake Elmo Park Reserve are also popular among residents.
What are some fun things to do in Lake Elmo?
+
There are plenty of fun things to do in Lake Elmo, including visiting the Lake Elmo Park Reserve, which offers hiking and biking trails, horseback riding, and cross-country skiing in the winter. You can also check out the Royal Golf Club, Lions Park, and the Lake Elmo Public Library. For families, there are places like Kidcreate Studio and Teddy Bear Park in nearby Stillwater.
What is the food scene like in Lake Elmo?
+
The food scene in Lake Elmo is diverse and offers a range of options. You can find fine dining at the Lake Elmo Inn, which has been serving the area for over four decades. There are also plenty of great restaurants in nearby Stillwater, such as Liliana, The Stable Pizzeria, and Bistrot. For brunch, the Lake Elmo Inn and the Tavern in Woodbury are highly recommended.
What are the pros and cons of living in Lake Elmo?
+
Living in Lake Elmo has its pros and cons. On the positive side, the city offers a peaceful and family-friendly atmosphere, with plenty of green spaces and outdoor activities. The median household income is also relatively high, and the area has a low poverty rate. However, some residents may find the city to be a bit quiet and lacking in nightlife options. Additionally, the cost of living in Lake Elmo can be higher than in other parts of the state.
Is Lake Elmo a good place to live?
+
Overall, Lake Elmo is a great place to live for those who value a peaceful and family-friendly atmosphere, with plenty of outdoor activities and a strong sense of community. While it may not be the best fit for everyone, particularly those looking for a more urban lifestyle, it is definitely worth considering for those who prioritize quality of life and a safe, welcoming environment.
⭐ 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 Lake Elmo MN Commercial Property: $113,419
Advertisement
⭐ 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
Advertisement
⭐ 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
Advertisement
⭐ 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
Advertisement