Brookings, SD Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Brookings, South Dakota Market population: 25K. Compare commercial properties across all major asset classes...
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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 Brookings SD Properties: 1.1700%
⭐ 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 Brookings SD
Common questions from investors exploring commercial real estate in Brookings SD.
What is the overall investment potential of Brookings, SD, considering its demographic and economic factors?
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The city's relatively high poverty rate of 20.1% is somewhat mitigated by its strong health insurance coverage of 95.5%, indicating a degree of employment stability, while its top industries in Educational Services and Healthcare & Social Assistance suggest a stable market demand, especially considering the city's high median household income of $48,449 and diverse population with top ethnicities including White, Asian, and Hispanic or Latino.
How does the commute time and transportation infrastructure impact the quality of life for renters in Brookings, SD?
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With an average commute time of just 14.4 minutes and a high percentage of residents who drive alone or carpool, the city's transportation infrastructure is well-suited for renters, and when combined with its high health insurance coverage rate of 95.5%, it suggests a stable and healthy rental market, which is further supported by the city's strong employment population of 13,109 and low unemployment rate of 2.4%.
What are the implications of the city's ethnic diversity and industry mix for real estate investors?
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The city's diverse population, with top ethnicities including White, Asian, and Hispanic or Latino, and its mix of industries, including Educational Services, Healthcare & Social Assistance, and Retail Trade, suggest a robust and stable market demand, which is further supported by the city's relatively high median property value of $193,400 and strong median household income of $48,449, making it an attractive location for real estate investors.
How does the poverty rate and income inequality impact the rental market in Brookings, SD?
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While the city's poverty rate of 20.1% and income inequality, as measured by the GINI coefficient of 0.43, may present some challenges for the rental market, the strong health insurance coverage rate of 95.5% and high employment population of 13,109 suggest a degree of stability, and the city's relatively low median property taxes of $2,347 and high median property value of $193,400 make it an attractive location for real estate investors looking for a balance of affordability and potential for appreciation.
What role do education and healthcare play in the city's economy and real estate market?
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The city's strong presence of Educational Services and Healthcare & Social Assistance industries, combined with its high median household income of $48,449 and relatively low poverty rate compared to other cities, suggest a stable and growing economy, which is further supported by the city's high health insurance coverage rate of 95.5% and low unemployment rate of 2.4%, making it an attractive location for real estate investors looking for a stable and potentially appreciating market.
Brookings SD Real Estate & City Facts
Key facts and real estate information about Brookings SD.
What are some of the best neighborhoods to live in Brookings?
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Some of the best neighborhoods to live in Brookings, SD, are Hillcrest, Downtown Brookings, and the southwest parts of the city. These areas tend to have more desirable homes and a stronger sense of community. However, more affordable homes can be found in the north regions of the city.
What are some fun things to do in Brookings?
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There are plenty of fun things to do in Brookings, SD. You can visit the Children's Museum of South Dakota, explore McCrory Gardens, or check out the Brookings Summer Arts Festival. If you're looking for outdoor activities, you can walk, run, or bike on the bike path, kayak, or cross-country ski at the Nature Park. There are also plenty of great restaurants and bars to try, like Cubby's Sports Bar & Grill or Whiskey Creek Wood Fire Grill.
What is the food scene like in Brookings?
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The food scene in Brookings, SD, is surprisingly vibrant. You can find everything from handcrafted coffee at Kools Beans to burgers at Nick's Hamburger Shop. There are also plenty of great restaurants serving up American cuisine, like Whiskey Creek Wood Fire Grill or the Pheasant Restaurant & Lounge. And if you're in the mood for something different, you can try Danger von Dempsey's Brookings or Yessica's Mexican restaurant.
What are the pros and cons of living in Brookings?
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One of the pros of living in Brookings, SD, is the strong sense of community and the variety of outdoor activities available. The city also has a relatively low cost of living and a growing food scene. However, one of the cons is that the city can be quite small, and some people may find it lacking in terms of entertainment options or job opportunities. Additionally, the winters can be quite cold, and the summers can be hot and humid.
Is Brookings a good place to live?
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Overall, Brookings, SD, is a great place to live for people who value a strong sense of community and outdoor activities. The city has a lot to offer, from its vibrant food scene to its many parks and trails. However, it may not be the best fit for everyone, particularly those who are looking for a more urban lifestyle or a wider range of job opportunities. Ultimately, whether or not Brookings is a good place to live depends on your individual priorities and preferences.
⭐ 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 Brookings SD Commercial Property: $48,449
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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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