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Livonia, IN Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Livonia, Indiana Market population: 96K. Browse multifamily, office, retail, industrial, and mixed-use investment opportunities....

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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 Avg Property Tax Rate For Livonia MI Properties: 4.3450%

πŸ“Š Average Income For Livonia MI Commercial Property: $68,973

Investor Questions For Livonia MI

Common questions from investors exploring commercial real estate in Livonia MI.

What makes Livonia, MI a stable investment market? +
The combination of a relatively low poverty rate of 5.4%, high health insurance coverage of 95.9%, and a strong median household income of $68,973 suggests a stable and secure investment environment, with a diverse economy driven by top industries like Manufacturing, Wholesale Trade, and Public Administration.
How does the city's commute pattern impact rental demand? +
The average commute time of 23.9 minutes, with 87.2% of residents driving alone and 5.5% working from home, indicates a convenient and flexible transportation system, which, coupled with a high homeownership rate of 85.8% and a median property value of $154,900, suggests a strong demand for rentals in Livonia, MI.
What role does ethnic diversity play in Livonia's market demand? +
The city's ethnic diversity, with top ethnicities including White, White Non-Hispanic, and Black, contributes to a vibrant and inclusive community, which, combined with a foreign-born rate of 7.1% and a median age of 44.2, may attract a diverse range of residents and businesses, driving market demand and supporting investment growth.
How do income inequality and poverty rates affect tenant quality in Livonia? +
The GINI coefficient of 0.382 and a poverty rate of 5.4% indicate a relatively stable and equitable income distribution, which, paired with a high health insurance coverage rate of 95.9%, suggests a working-class market with employment stability and access to healthcare, making for reliable and high-quality tenants.
What are the implications of Livonia's top industries for real estate investment? +
The presence of top industries like Manufacturing, Wholesale Trade, and Public Administration in Livonia, MI, which employ a significant portion of the 46,104 employed population, suggests a strong and diverse economic base, with a median household income of $68,973 and a low poverty rate of 5.4%, making the city an attractive location for real estate investment and development.

Livonia MI Real Estate & City Facts

Key facts and real estate information about Livonia MI.

What are some of the best neighborhoods to live in Livonia? +
Some of the best neighborhoods to live in Livonia include Old Rosedale Gardens, Burton Hollow Estates, Castle Gardens, Coventry Gardens, and Devon-Aire. These neighborhoods offer a mix of historic charm, top schools, and family-friendly environments. However, it's worth noting that the best neighborhood for you will depend on your individual preferences and priorities.
What are some fun things to do in Livonia? +
Livonia has a variety of attractions and activities to enjoy, including the Town Peddler Craft and Antique Mall, Greenmead Historic Park, and Laurel Park Place. You can also visit the Wilson Barn, a national historic site, or explore the city's many parks and recreational opportunities. If you're looking for something more unique, you could try visiting a coney island restaurant or a pasty shop.
What is the food scene like in Livonia? +
Livonia has a diverse food scene with a range of restaurants serving different cuisines. Some popular options include BJ's Restaurant & Brewhouse, J Alexander's Restaurant, and Mitchell's Seafood House. You can also find Mexican food at Calixto Mexican Grill, or try some cheesesteaks at Lefty's Cheesesteaks. There are also plenty of great food trucks and casual eateries to choose from.
What are the pros and cons of living in Livonia? +
Livonia has a lot to offer, including good schools, a low crime rate, and plenty of recreational opportunities. However, some residents have noted that the city can feel a bit suburban and lacking in nightlife or cultural events. Additionally, traffic in the area can be a challenge, especially during rush hour. Overall, whether Livonia is a good fit for you will depend on your individual priorities and lifestyle.
Is Livonia a good place to live? +
Livonia can be a great place to live, depending on what you're looking for. The city has a strong sense of community, with many family-friendly neighborhoods and activities. It's also relatively affordable compared to other cities in the area. However, it may not be the best fit for everyone, especially those looking for a more urban or vibrant atmosphere. Ultimately, whether Livonia is a good place to live will depend on your individual needs and preferences.
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