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East St. Louis, IL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in East St. Louis, Illinois Market population: 27K. Browse multifamily, office, retail, industrial, and mixed-use...

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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 East St. Louis IL Properties: 7.68%

πŸ“Š Avg Property Tax Rate For East St. Louis IL Properties: 4.6100%

πŸ“Š Average Income For East St. Louis IL Commercial Property: $21,273

Investor Questions For East St. Louis IL

Common questions from investors exploring commercial real estate in East St. Louis IL.

What's the overall investment potential of East St. Louis, considering its demographics and economy? +
The city's 43.7% poverty rate and $21,273 median household income suggest a challenging market, but the 91.4% health insurance coverage and 25.4-minute average commute time indicate some stability, with major industries like Health Care & Social Assistance and Retail Trade driving employment.
How does the city's ethnic diversity and industry mix impact real estate demand? +
The dominant Black or African American population (97.3%) and presence of industries like Accommodation & Food Services suggest a unique cultural and economic landscape, which could attract investors looking for diverse rental markets, especially with a relatively low median property value of $64,400.
What are the implications of the city's commute patterns and health insurance coverage for investors? +
The 25.4-minute average commute time and high health insurance coverage rate of 91.4% imply a relatively stable workforce, which is beneficial for rental income consistency, and the reliance on public transit (14.5%) could support denser, more transit-oriented developments.
How do poverty rates and homeownership rates influence the rental market in East St. Louis? +
The high poverty rate of 43.7% combined with a 44.8% homeownership rate suggests a significant rental market, potentially driven by necessity rather than choice, which investors should consider when evaluating property prices and rental yields, especially with a median gross rent of $743.
What role do income inequality and employment rates play in assessing market stability for real estate investments? +
The GINI coefficient of 0.513 indicates moderate income inequality, while the employed population of 8,469 and top industries like Health Care & Social Assistance suggest a stable employment base, which, combined with the 25.4-minute commute time, points to a market with potential for long-term stability and growth, despite current economic challenges.

East St. Louis IL Real Estate & City Facts

Key facts and real estate information about East St. Louis IL.

What are some of the best neighborhoods to live in East St. Louis? +
Some of the best neighborhoods to live in East St. Louis include the areas around Malcolm W Martin Memorial Park and Forest Park, which offer beautiful landscapes and outdoor activities. However, it's essential to research and visit each neighborhood to determine which one best fits your needs and preferences.
What are some fun things to do in East St. Louis? +
East St. Louis has a variety of fun activities to enjoy, such as visiting the Gateway International Raceway, Gateway Geyser, and the Casino Queen. You can also attend a baseball game or explore the city's many parks, including Malcolm W Martin Memorial Park and Forest Park. Additionally, the city is close to St. Louis, which offers many more attractions, such as the Arch, City Museum, and the zoo.
What is the food scene like in East St. Louis? +
The food scene in East St. Louis is diverse and offers a range of options, from American cuisine at Big Daddy's Bar and Restaurant to barbecue at Big Mama's Bbq Express and Sandy's B B Que. You can also find Mexican food at Palacios Mexican Restaurant and La Casona, as well as desserts at My Just Desserts. There are also plenty of great food trucks and local eateries to explore.
What are the pros and cons of living in East St. Louis? +
Living in East St. Louis has its pros and cons. Some advantages include the city's rich history, cultural attractions, and outdoor activities. However, the city also faces challenges such as high crime rates and poverty. It's essential to weigh these factors and consider your individual priorities and needs when deciding whether to live in East St. Louis.
Is East St. Louis a good place to live? +
Whether East St. Louis is a good place to live depends on your individual circumstances and priorities. While the city has its challenges, it also offers a unique blend of history, culture, and outdoor activities. If you're looking for an affordable place to live with a strong sense of community, East St. Louis might be a good fit. However, if you're concerned about safety or prefer a more affluent area, you may want to consider other options.
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