Pekin, ND Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Pekin, North Dakota Market population: 34K. Browse multifamily, office, retail, industrial, and mixed-use investment...
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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 Pekin IL Properties: 1.8000%
⭐ 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 Pekin IL
Common questions from investors exploring commercial real estate in Pekin IL.
What is the overall investment potential of Pekin, IL, considering its demographic and economic factors?
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Pekin, IL, with a population of 33,857 and a median age of 39.4, presents a stable investment market, given its median household income of $52,341 and a relatively low poverty rate of 12.9%, which is further bolstered by a high health insurance coverage rate of 95.5% and a strong employment base in industries like Health Care & Social Assistance, Retail Trade, and Manufacturing.
How does the ethnic diversity and foreign-born rate impact the demand for real estate in Pekin, IL?
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The city's ethnic diversity, led by a predominant White population (93.1%) and a low foreign-born rate of 1.4%, suggests a relatively homogeneous market, but the presence of top industries like Health Care & Social Assistance and Manufacturing can attract a diverse workforce, potentially increasing demand for rental properties, especially considering the average commute time of 20.4 minutes and high access to vehicles (95.1%).
What are the key factors influencing the quality of life in Pekin, IL, and how do they affect real estate investment?
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The quality of life in Pekin, IL, is significantly influenced by its low average commute time of 20.4 minutes, high health insurance coverage rate of 95.5%, and a strong homeownership rate of 70.3%, indicating a stable and desirable place to live, which can lead to higher property values and rental yields, especially in a market with a median property value of $109,400 and median property taxes of $2,433.
How does the income inequality and poverty rate in Pekin, IL, affect the real estate market, particularly for rental investments?
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The poverty rate of 12.9% and a GINI coefficient of 0.423 in Pekin, IL, suggest some level of income inequality, but when combined with a high employment rate and strong top industries, it indicates a working-class market with employment stability, which can be beneficial for rental investments, considering the median gross rent is $783 and the health insurance rate is high, suggesting tenants with stable income and health coverage.
What role do top industries and commute methods play in assessing the stability and growth potential of the real estate market in Pekin, IL?
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The top industries in Pekin, IL, such as Health Care & Social Assistance, Retail Trade, and Manufacturing, contribute to a stable employment market, which is crucial for real estate investment stability, and when coupled with the primary commute method being driving alone (85.2%) and an average commute time of 20.4 minutes, it suggests a well-connected city with accessible job opportunities, potentially leading to increased demand for both residential and commercial properties.
Pekin IL Real Estate & City Facts
Key facts and real estate information about Pekin IL.
What are some of the best neighborhoods to live in Pekin?
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Some of the best neighborhoods to live in Pekin include Pekin South, Broadmoor Heights, and the hillside neighborhoods near the golf courses. These areas are known for their strong sense of community, convenient location, and well-maintained homes.
What are some fun things to do in Pekin?
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There are plenty of fun things to do in Pekin, including visiting the Pekin Park District, which features a playground, water park, lagoon, and skate park. You can also check out the Creative Arts Center, Coal Miner's Park, and the Hope Chest. If you're looking for something to do with kids, the Pekin library has a great children's department, and there's also an Elevate Trampoline Park nearby.
What is the food scene like in Pekin?
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The food scene in Pekin is diverse and delicious, with plenty of options to choose from. Some popular restaurants include Maquet's Rail House, Avanti's Italian Restaurant, and BC BBQ. You can also find a variety of fast food options like Hardee's, Wendy's, and McDonald's. There are also plenty of great food trucks and local eateries to try.
What are the pros and cons of living in Pekin?
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One of the pros of living in Pekin is the strong sense of community, with many neighborhood events and activities to get involved in. The city also has a relatively low cost of living and a variety of housing options. However, one of the cons is that the job market may be limited, and some residents may have to commute to nearby cities for work. Additionally, the city's economy has faced some challenges in recent years, which can impact the quality of life for residents.
Is Pekin a good place to live?
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Overall, Pekin can be a great place to live for those who value a strong sense of community and a relatively low cost of living. While it may not have all the amenities and job opportunities of a larger city, it has a lot to offer in terms of quality of life and small-town charm. As with any city, there are pros and cons to consider, but for many people, Pekin can be a wonderful place to call home.
⭐ 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 Pekin IL Commercial Property: $52,341
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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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