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Summerfield, IL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Summerfield, Illinois Market population: 12K. Compare commercial properties across all major asset classes with...

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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 Summerfield MD Properties: 7.68%

πŸ“Š Avg Property Tax Rate For Summerfield MD Properties: 1.1200%

πŸ“Š Average Income For Summerfield MD Commercial Property: $68,405

Investor Questions For Summerfield MD

Common questions from investors exploring commercial real estate in Summerfield MD.

What's the overall investment potential of Summerfield, MD, considering its demographics and economy? +
Summerfield, MD, with its median household income of $68,405 and a relatively low poverty rate of 9.0%, presents a stable investment market. The diverse economy, led by industries such as Information, Manufacturing, and Public Administration, supports a strong employed population of 5,791, indicating a robust rental market. Additionally, the city's ethnic diversity, with a majority of 82.4% Black population, suggests a vibrant community.
How does the commute time and health insurance coverage affect the quality of life for renters in Summerfield, MD? +
The average commute time of 33.3 minutes in Summerfield, MD, combined with a high health insurance coverage rate of 91.7%, suggests a good quality of life for renters. This, along with the top commute methods being Drove Alone, Public Transit, and Worked At Home, indicates flexibility and convenience for residents, making it an attractive location for investment.
What insights can be gained from the poverty rate and homeownership rate in Summerfield, MD, for real estate investment? +
The poverty rate of 9.0% in Summerfield, MD, is relatively low, which, when combined with a homeownership rate of 47.3%, indicates a stable and potentially growing market. This balance suggests that there is a sizable rental market, with tenants likely having a stable income, given the low poverty rate and high employment in industries like Information and Manufacturing.
How does the ethnic diversity and top industries in Summerfield, MD, impact market demand for real estate investment? +
The ethnic diversity in Summerfield, MD, with top ethnicities being Black, Hispanic, and White, contributes to a culturally rich community, which can attract a wide range of residents. The top industries, including Information, Manufacturing, and Public Administration, not only provide employment opportunities but also suggest a demand for housing that can cater to various professional needs, making it a promising location for real estate investment.
What role do median property value and property taxes play in assessing the investment potential of Summerfield, MD? +
The median property value of $223,000 and median property taxes of $2,423 in Summerfield, MD, offer insights into the cost of investment. Considering the median household income of $68,405 and the low poverty rate of 9.0%, these costs seem manageable, suggesting a potential for positive cash flow and appreciation in property value over time, especially given the city's diverse economy and stable employment rates.

Summerfield MD Real Estate & City Facts

Key facts and real estate information about Summerfield MD.

What are some of the best neighborhoods to live in Summerfield? +
Some of the best neighborhoods to live in Summerfield, MD include Summerfield Village and The Villages At Two Rivers, which offer a range of housing options, including row houses and attached homes. These neighborhoods are known for their ambiance and community feel.
What are some fun things to do in Summerfield? +
There are plenty of fun things to do in Summerfield, MD, including visiting the nearby aquatic garden, hiking and biking trails, and fishing areas. You can also take a tour or attend an event in the area, such as a beer tour or a concert.
What is the food scene like in Summerfield? +
The food scene in Summerfield, MD is diverse and offers a range of options, including restaurants serving French, Mexican, and American cuisine. Some popular restaurants in the area include Chickboy's, Red Chili Wings & Burgers, and Rosa Mexicano. There are also plenty of great food trucks and casual eateries to choose from.
What are the pros and cons of living in Summerfield? +
The pros of living in Summerfield, MD include its convenient location, range of housing options, and access to outdoor recreational activities. However, some cons include the potential for crime in certain neighborhoods and the need for a car to get around. Overall, Summerfield is a great option for those looking for a suburban lifestyle with easy access to city amenities.
Is Summerfield a good place to live? +
Yes, Summerfield, MD is a good place to live, offering a unique blend of suburban charm and urban convenience. With its range of housing options, outdoor recreational activities, and diverse food scene, Summerfield is an attractive option for families, professionals, and retirees alike. However, as with any place, it's essential to weigh the pros and cons and consider factors like crime rates and transportation options before making a decision.
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