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Alton, IL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Alton, Illinois Market population: 28K. Compare commercial properties across all major asset classes with...

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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 Alton IL Properties: 7.68%

πŸ“Š Avg Property Tax Rate For Alton IL Properties: 8.2500%

πŸ“Š Average Income For Alton IL Commercial Property: $36,973

Investor Questions For Alton IL

Common questions from investors exploring commercial real estate in Alton IL.

What is the overall investment potential of Alton, IL, considering its demographic and economic factors? +
The city's median household income of $36,973, combined with a poverty rate of 25.4% and a high health insurance coverage rate of 91.9%, suggests a relatively stable market with a mix of working-class and more affluent residents. The top industries, including Finance & Insurance and Public Administration, contribute to a diverse economy, while the average commute time of 22.7 minutes and high homeownership rate of 59.4% indicate a decent quality of life. The presence of various ethnic groups, such as White, White Non-Hispanic, and Black, also adds to the city's diversity and potential for investment.
How does the city's commute time and transportation infrastructure impact its attractiveness to renters and investors? +
Alton's average commute time of 22.7 minutes, which is relatively short, and the top commute methods of driving alone, carpooling, and working from home, suggest a convenient and flexible transportation system. This, combined with the city's high health insurance coverage rate of 91.9% and a median property value of $84,600, makes it an attractive location for renters and investors seeking a stable and affordable market. The diverse economy, with top industries like Finance & Insurance and Information, also supports a strong demand for housing.
What are the implications of Alton's poverty rate and income inequality on the local real estate market? +
The poverty rate of 25.4% and a GINI coefficient of 0.425 indicate a significant level of income inequality in Alton. However, the city's high employment rate of 10,744 and a median household income of $36,973 suggest that there are still opportunities for investment in the local real estate market. The foreign-born rate of 2.6% and the presence of various ethnic groups also contribute to the city's diversity and potential for growth. Additionally, the median property taxes of $7,016 and a homeownership rate of 59.4% provide insight into the local housing market's affordability and stability.
How does the city's ethnic diversity and industry mix impact the demand for housing and real estate investment opportunities? +
The diverse ethnic makeup of Alton, with top ethnicities including White, White Non-Hispanic, and Black, contributes to a vibrant and dynamic community. The city's industry mix, featuring Finance & Insurance, Information, and Public Administration, supports a strong and stable economy. This diversity and economic stability, combined with the city's relatively low median property value of $84,600 and high health insurance coverage rate of 91.9%, create an attractive environment for real estate investment and a potential for long-term growth. The average commute time of 22.7 minutes and top commute methods also suggest a convenient and accessible location.
What are the key factors that investors should consider when evaluating the potential of Alton, IL, as a real estate investment location? +
Investors should consider the city's median household income of $36,973, poverty rate of 25.4%, and high health insurance coverage rate of 91.9% when evaluating its potential as a real estate investment location. The city's diverse economy, featuring top industries like Finance & Insurance and Public Administration, and its relatively low median property value of $84,600 also play a crucial role. Additionally, the average commute time of 22.7 minutes, top commute methods, and the presence of various ethnic groups contribute to the city's quality of life and potential for investment. The foreign-born rate of 2.6% and the GINI coefficient of 0.425 provide further insight into the local market's dynamics and opportunities for growth.

Alton IL Real Estate & City Facts

Key facts and real estate information about Alton IL.

What are some of the best neighborhoods to live in Alton? +
Some of the best neighborhoods to live in Alton, IL, are McKinley, College Ave, Christian Hill, and Middletown. These areas are known for their friendly communities and relatively affordable housing options.
What are some fun things to do in Alton? +
Alton, IL, offers a variety of activities, including visiting the Great Rivers Scenic Route, the World's Tallest Man Statue, and the National Great Rivers Museum. You can also take a stroll through the historic downtown area, go shopping in the antique district, or enjoy a concert at the open-air amphitheater.
What is the food scene like in Alton? +
The food scene in Alton, IL, is diverse and exciting, with over 60 restaurants to choose from. Some popular spots include Decaro's, Bluff City Grill, The Old Bakery Beer Company, and Morrison's Irish Pub. There are also plenty of great food trucks and scenic restaurants with beautiful views of the surrounding area.
What are the pros and cons of living in Alton? +
The pros of living in Alton, IL, include its rich history, scenic beauty, and relatively low cost of living. However, some cons include the city's higher poverty rate and limited job opportunities in certain industries. Overall, Alton is a great place to live for those who value a strong sense of community and a relaxed pace of life.
Is Alton a good place to live? +
Alton, IL, can be a great place to live for the right person. It offers a unique blend of historic charm, natural beauty, and small-town hospitality. While it may not be the best fit for everyone, particularly those looking for a more fast-paced urban lifestyle, Alton is definitely worth considering for those who value a close-knit community and a more relaxed way of life.
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