Garfield, MN Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Garfield, Minnesota Market population: 31K. Browse multifamily, office, retail, industrial, and mixed-use investment opportunities....
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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 Garfield NJ Properties: 3.1200%
⭐ 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 Garfield NJ
Common questions from investors exploring commercial real estate in Garfield NJ.
What is the overall investment potential of Garfield, NJ, considering its demographic and economic factors?
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The city's median household income of $48,767, combined with a poverty rate of 15.4% and a health insurance coverage of 81.1%, suggests a relatively stable market with a mix of working-class and middle-class residents. The top industries, including Finance & Insurance and Construction, contribute to a diverse economy, while the 24.8-minute average commute time and public transit usage indicate a well-connected city. Additionally, the ethnic diversity, with 40.2% White, 27.6% White Non-Hispanic, and 20.1% Hispanic populations, can attract a wide range of tenants and buyers.
How does the city's commute time and transportation infrastructure impact the quality of life for residents and potential tenants?
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The 24.8-minute average commute time in Garfield, NJ, is relatively short, and the top commute methods, including driving alone, carpooling, and public transit, suggest a well-developed transportation infrastructure. This, combined with the city's health insurance coverage of 81.1% and a median age of 35.2, indicates a high quality of life for residents, making it an attractive location for potential tenants and investors. The diversity of commute methods also caters to different lifestyles and preferences, from driving to using public transportation.
What are the implications of Garfield's poverty rate and income inequality on the local real estate market?
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The poverty rate of 15.4% in Garfield, NJ, although relatively high, is mitigated by the city's median household income of $48,767 and a health insurance coverage of 81.1%, suggesting that many residents have access to employment and healthcare. The GINI coefficient of 0.421 indicates some income inequality, but the presence of top industries like Finance & Insurance and Construction can provide job opportunities and contribute to a more stable market. This balance of factors can lead to a relatively stable and predictable real estate market.
How does the ethnic diversity of Garfield, NJ, influence the demand for housing and the local real estate market?
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The ethnic diversity in Garfield, NJ, with significant White, White Non-Hispanic, and Hispanic populations, can lead to a strong demand for housing from a wide range of potential tenants and buyers. This diversity, combined with the city's median property value of $343,200 and a homeownership rate of 40.7%, suggests a vibrant and inclusive community that can attract various types of investors and residents. The diversity can also contribute to a more resilient local economy and real estate market, as different ethnic groups may have different housing preferences and needs.
What role do the top industries in Garfield, NJ, play in shaping the local economy and real estate market?
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The top industries in Garfield, NJ, including Finance & Insurance, Construction, and Public Administration, play a crucial role in shaping the local economy and real estate market. These industries can provide a stable source of employment, contributing to the city's median household income of $48,767 and low poverty rate compared to other areas. The presence of these industries, combined with the city's average commute time of 24.8 minutes and health insurance coverage of 81.1%, can lead to a high demand for housing, both from locals and commuters, making Garfield an attractive location for real estate investors.
Garfield NJ Real Estate & City Facts
Key facts and real estate information about Garfield NJ.
What are some of the best neighborhoods to live in Garfield?
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Some of the best neighborhoods to live in Garfield, NJ include River Drive, Outwater Lane, Belmont Hill, and the area around Dahnert's Lake County Park. These neighborhoods offer a range of housing options and are close to local parks and amenities. According to Nextdoor, the top 2 best neighborhoods to live in Garfield, New Jersey are Charles St and Lanza Ave/Outwater Ln.
What are some fun things to do in Garfield?
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There are plenty of fun things to do in Garfield, NJ. You can visit the Ancient Sculpture Gallery LLC, go for a walk or bike ride along the Passaic River on River Drive, or explore the local parks such as Dundee Dam, 20th Century Field, and Mcdaniel Brothers. If you're looking for something to do with kids, there are also plenty of options available, such as the Metropolitan Museum of Art, Empire State Building, and Central Park, which are all within driving distance.
What is the food scene like in Garfield?
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The food scene in Garfield, NJ is diverse and offers a range of options. Some popular restaurants include Charlie Blood's, Steve's Burgers, Barcelona's Restaurant & Bar, and DP Pub. There are also plenty of great food trucks and cafes to try. For a night out, you could head to Tavern 517 or Osteria Italiana Ristorante. According to Yelp, the best 10 restaurants near Garfield, NJ 07026 include Charlie Blood's, Pastrami Grill Bistro, and Cafe Bubamara.
What are the pros and cons of living in Garfield?
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The pros of living in Garfield, NJ include its convenient location, affordable housing options, and range of local amenities. However, some cons include the fact that it's a densely populated area and traffic can be heavy at times. Additionally, some areas of Garfield have higher crime rates than others, so it's essential to research the neighborhood thoroughly before moving. According to Reddit, you would be better off looking into Bergenfield, Teaneck, Englewood, Palisades Park, Cliffside Park, Edgewater, and Fort Lee if safety, schools, and food matter to you.
Is Garfield a good place to live?
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Garfield, NJ can be a good place to live, depending on your individual needs and preferences. It offers a range of housing options, local amenities, and is close to New York City. However, it's essential to weigh the pros and cons and research the area thoroughly before making a decision. According to AreaVibes, the best places to live in Garfield, NJ include the areas around Charles St and Lanza Ave/Outwater Ln.
⭐ 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 Garfield NJ Commercial Property: $48,767
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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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