CRE Admin

Pittsfield, IL High Cap Rate Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Pittsfield, Illinois Market population: 43K. Explore income-producing properties with verified cap rates and operating...

Advertisement
Cap Rate: High NOI: Any Tax Rate: Any Price: Any Size: Any
Clear All
No exact matches found. Showing similar properties in Illinois.
1 properties found
REI Capital advisor
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.

REI Capital advisor
⭐ 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 Pittsfield MA Properties: 7.68%

πŸ“Š Avg Property Tax Rate For Pittsfield MA Properties: 1.7900%

πŸ“Š Average Income For Pittsfield MA Commercial Property: $48,359

Investor Questions For Pittsfield MA

Common questions from investors exploring commercial real estate in Pittsfield MA.

What is the overall investment potential of Pittsfield, MA, considering its demographic and economic factors? +
Pittsfield, MA, with a median household income of $48,359 and a relatively low poverty rate of 12.2%, presents a stable investment market. The city's diverse economy, led by Health Care & Social Assistance, Retail Trade, and Educational Services, along with its high health insurance coverage rate of 96.4%, suggests a strong and stable tenant base. Additionally, the average commute time of 23.1 minutes and high rate of residents who drive alone (81.8%) indicate good infrastructure for residents.
How does the ethnic diversity and industry mix in Pittsfield impact the demand for real estate investments? +
The ethnic diversity in Pittsfield, with a predominant White population (89.1%) and a smaller but significant Hispanic or Latino community (4.7%), contributes to a culturally rich environment that can attract a variety of residents. The top industries, including Health Care & Social Assistance, Retail Trade, and Educational Services, not only provide employment opportunities but also create a demand for housing that caters to different professionals and families, thereby supporting the real estate market. This diversity, combined with a foreign-born rate of 4.5%, suggests a potential for vibrant community development.
What insights can be gained from the city's commute patterns and health insurance coverage for real estate investment? +
The average commute time of 23.1 minutes in Pittsfield, along with the prevalence of driving alone (81.8%) and a notable percentage working from home (5.1%), indicates a city with manageable travel times and flexible work arrangements. When combined with the high health insurance coverage rate of 96.4%, this suggests a population with access to employment opportunities and healthcare, which are crucial factors for a stable and attractive rental market. This stability can be beneficial for real estate investors looking for reliable returns.
How do the poverty rate and income inequality in Pittsfield influence the quality of tenants and property values? +
Pittsfield's poverty rate of 12.2% and a GINI coefficient of 0.434 suggest a level of income inequality. However, when considered alongside the median household income of $48,359 and the high health insurance coverage, these factors indicate a working-class population with a degree of economic stability. This stability, along with a median property value of $190,400, can contribute to a relatively stable property market, where investors may find opportunities for long-term appreciation and reliable rental income.
What role does the homeownership rate and median property taxes play in the attractiveness of Pittsfield for real estate investors? +
The homeownership rate of 60.5% in Pittsfield suggests a balance between owned and rented properties, which can be attractive for investors looking to capitalize on rental demand. The median property taxes of $3,436, while a consideration for investment costs, are relatively manageable when compared to the median property value of $190,400. This balance, coupled with the city's economic and demographic stability, makes Pittsfield an appealing location for real estate investments, offering potential for both rental income and long-term property appreciation.

Pittsfield MA Real Estate & City Facts

Key facts and real estate information about Pittsfield MA.

What are some of the best neighborhoods to live in Pittsfield? +
Some of the best neighborhoods to live in Pittsfield include Woodmonte Estates, Mountain Drive, and Onota Lake. These neighborhoods offer a range of housing options, from luxurious private communities to more affordable homes with breathtaking views. Additionally, the central parts of the city tend to be more desirable, while the northeast regions offer more affordable options.
What are some fun things to do in Pittsfield? +
Pittsfield has a lot to offer when it comes to things to do. You can visit the Hancock Shaker Village, explore the Herman Melville's Arrowhead, or enjoy outdoor activities at the Pittsfield State Forest. The city also has a vibrant arts and culture scene, with numerous theaters, live music venues, and art shows. Additionally, you can visit the Massachusetts Audubon Society's wildlife sanctuary or take a stroll around the beautiful lakes in the area.
What is the food scene like in Pittsfield? +
The food scene in Pittsfield is exciting and diverse, with a range of restaurants representing different cuisines from around the world. Some popular restaurants include Mazzeo's Ristorante, District Kitchen & Bar, and Thrive Diner. You can also find unique eateries, such as CRUST, which offers pizza, and Rare 297, which serves sushi and steak. There are also plenty of great food trucks and cafes in the area, making it easy to find something to suit your taste and budget.
What are the pros and cons of living in Pittsfield? +
Pittsfield has its pros and cons. On the plus side, the city has a rich cultural scene, beautiful outdoor spaces, and a range of housing options. However, some areas of the city can be considered 'bad' and the commute time can be around 23 minutes. Additionally, the poverty rate is around 12.2% and the income inequality is 0.434. Overall, Pittsfield can be a great place to live for those who value a strong sense of community and a mix of urban and natural amenities.
Is Pittsfield a good place to live? +
Whether or not Pittsfield is a good place to live depends on your individual preferences and priorities. If you value a strong sense of community, a mix of urban and natural amenities, and a range of cultural attractions, then Pittsfield may be a great fit for you. However, if you're looking for a more affluent area with a lower poverty rate, you may want to consider other options. Ultimately, it's essential to weigh the pros and cons and visit the city in person to get a feel for whether it's the right place for you.
Advertisement