CRE Admin

New Bedford, IL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in New Bedford, Illinois Market population: 95K. Compare commercial properties across all major asset classes...

Advertisement
Cap Rate: Low NOI: Any Tax Rate: Any Price: Any Size: Any
Clear All
No exact matches found. Showing similar properties in Illinois.
1 properties found
REI Capital advisor
Investor Pitch Deck

Don’t just search properties. See why investors choose REI Capital.

Before you compare every deal alone, download the REI Capital investment pitch and see our growth story, strategy, and next-step materials.

REI Capital advisor
⭐ 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 New Bedford MA Properties: 7.68%

πŸ“Š Avg Property Tax Rate For New Bedford MA Properties: 1.3000%

πŸ“Š Average Income For New Bedford MA Commercial Property: $35,999

Investor Questions For New Bedford MA

Common questions from investors exploring commercial real estate in New Bedford MA.

What is the overall investment potential of New Bedford, MA, considering its demographics and economy? +
New Bedford's median household income of $35,999, combined with a poverty rate of 21.3% and a high health insurance coverage of 94.7%, suggests a stable working-class market with access to employment and healthcare, making it an attractive investment opportunity. The city's diverse population, with top ethnicities including White, White Non-Hispanic, and Hispanic, contributes to a vibrant community. Additionally, the presence of top industries like Public Administration, Information, and Finance & Insurance, & Real Estate & Rental & Leasing, indicates a strong and varied economy.
How does the city's commute time and transportation infrastructure impact the quality of life for residents and potential renters? +
The average commute time of 23.4 minutes in New Bedford, with top commute methods including driving alone, carpooling, and walking, indicates a relatively convenient and accessible transportation infrastructure, which can enhance the quality of life for residents and attract potential renters. This, combined with the city's high health insurance coverage rate of 94.7%, suggests a stable and desirable living environment.
What are the implications of New Bedford's poverty rate and income inequality on the local real estate market? +
The poverty rate of 21.3% and a GINI coefficient of 0.458 in New Bedford suggest a notable level of income inequality, which may impact the local real estate market by creating a demand for affordable housing options. However, the city's median property value of $217,700 and median property taxes of $16,711, combined with a homeownership rate of 40.8%, indicate a relatively stable and accessible housing market, making it an attractive option for investors looking to provide affordable housing solutions.
How does the ethnic diversity and industry variety in New Bedford contribute to its market demand and investment potential? +
The ethnic diversity in New Bedford, with a mix of White, White Non-Hispanic, and Hispanic populations, contributes to a vibrant and culturally rich community, which can attract a diverse range of residents and businesses, driving market demand. The presence of top industries like Public Administration, Information, and Finance & Insurance, & Real Estate & Rental & Leasing, also indicates a strong and varied economy, which can support a stable and growing real estate market, making it an attractive investment opportunity.
What are the key factors that investors should consider when evaluating the stability and potential of the New Bedford real estate market? +
Investors should consider the combination of New Bedford's median household income, poverty rate, health insurance coverage, and commute time, which collectively suggest a stable working-class market with access to employment, healthcare, and transportation. Additionally, the city's ethnic diversity, industry variety, and relatively stable housing market, with a median property value of $217,700 and a homeownership rate of 40.8%, indicate a desirable and potentially growing real estate market, making it an attractive investment opportunity for those looking for a balanced risk-reward profile.

New Bedford MA Real Estate & City Facts

Key facts and real estate information about New Bedford MA.

What are some of the best neighborhoods to live in New Bedford? +
Some of the best neighborhoods to live in New Bedford include Acushnet Heights, Far North End, South End, West End, Downtown New Bedford, Pine Hill Acres, Clark's Point, and Brooklawn Park. Each neighborhood has its own unique character, so it's worth exploring to find the one that suits your lifestyle and preferences.
What are some fun things to do in New Bedford? +
New Bedford has a rich history and a variety of attractions to explore. You can visit the New Bedford Whaling Museum, the New Bedford Art Museum, or stroll through the historic cobblestone streets. The city also hosts outdoor festivals, and you can enjoy fresh seafood at one of the many local restaurants. Additionally, the Buttonwood Park Zoo and the Seamen's Bethel are popular spots to visit.
What is the food scene like in New Bedford? +
The food scene in New Bedford is diverse and vibrant, with a mix of traditional seafood restaurants, Portuguese cuisine, and modern eateries. Some popular spots include The Black Whale, Cove Surf and Turf, Antonio's, and Mi Antojo for Mexican food. There are also plenty of great food trucks and cafes to try. The city's proximity to the ocean ensures that the seafood is always fresh, and you can find a wide range of dishes to suit your taste.
What are the pros and cons of living in New Bedford? +
Living in New Bedford has its pros and cons. On the plus side, the city has a rich history, a strong sense of community, and a vibrant cultural scene. The cost of living is relatively low compared to other cities in Massachusetts, and there are plenty of outdoor spaces to enjoy. However, the city also faces challenges such as poverty and crime, and some areas can be quite run-down. Additionally, the job market may be limited in certain industries, and the winters can be harsh. Overall, it's essential to weigh the pros and cons carefully and consider what matters most to you when deciding whether to live in New Bedford.
Is New Bedford a good place to live? +
Whether New Bedford is a good place to live depends on your individual priorities and preferences. If you value a strong sense of community, a rich history, and a vibrant cultural scene, then New Bedford may be an excellent choice. The city also offers a relatively low cost of living and plenty of outdoor spaces to enjoy. However, if you're looking for a more affluent area with a wider range of job opportunities, you may want to consider other options. Ultimately, it's crucial to visit the city, talk to locals, and get a feel for the area before making a decision.
Advertisement