Andover, KS Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Andover, Kansas Market population: 33K. Compare commercial properties across all major asset classes with...
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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 Andover MN Properties: 91.0000%
⭐ 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 Andover MN
Common questions from investors exploring commercial real estate in Andover MN.
What is the overall investment potential of Andover, MN, considering its demographic and economic indicators?
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The combination of a high median household income of $113,091, a low poverty rate of 2.6%, and a strong health insurance coverage rate of 97.7% suggests a stable and attractive market for real estate investment, with a relatively low-risk tenant pool and a high potential for long-term rental income.
How does the city's ethnic diversity and industry landscape impact the demand for housing and rental properties?
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The diverse ethnic makeup of Andover, with top ethnicities including White, Asian, and Hispanic or Latino, coupled with a strong presence of industries like Healthcare & Social Assistance, Retail Trade, and Manufacturing, indicates a robust and varied demand for housing, driven by a mix of professionals, families, and individuals from different backgrounds.
What are the implications of Andover's commute times and transportation methods for real estate investors?
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The average commute time of 28.4 minutes, with a majority of residents driving alone or carpooling, and a notable percentage working from home, suggests that investors should focus on properties with convenient access to major transportation routes and amenities, as well as those that offer flexible and remote work arrangements, to attract and retain tenants.
How do the city's property values, taxes, and homeownership rates influence the investment landscape?
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The median property value of $274,400, combined with a relatively high homeownership rate of 93.6% and moderate property taxes of $2,940, indicates a market with a strong potential for property appreciation and stable rental yields, making it an attractive option for investors seeking long-term growth and income.
What role do the city's population growth, age demographics, and income inequality play in shaping the real estate investment market?
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The population of 32,944, with a median age of 38.4, and a relatively low Gini coefficient of 0.373, suggesting moderate income inequality, indicates a market with a stable and growing population, a strong workforce, and a relatively even distribution of income, which can contribute to a consistent demand for housing and rental properties, and a lower risk of market fluctuations.
Andover MN Real Estate & City Facts
Key facts and real estate information about Andover MN.
What are some of the best neighborhoods to live in Andover?
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Some of the best neighborhoods to live in Andover, MN, include areas in the south parts of the city, which tend to be more desired, while more affordable homes can be found in the central regions. Neighborhoods like Cedar Crest, Chesterton Commons, and City Campus are popular among residents.
What are some fun things to do in Andover?
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Andover, MN, offers a variety of fun activities, including visiting the Martin's Meadows Preserve, Timber Rivers Park, Sophie's Park, and the Andover Skate Park. You can also catch a movie at the Andover Cinema or explore the local shops and restaurants in the area. Additionally, the Anoka County Fair and the Eveland Family Farm are great places to visit for some outdoor fun.
What is the food scene like in Andover?
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The food scene in Andover, MN, is diverse and exciting, with a range of restaurants serving different cuisines. Some popular spots include White Rabbit Kitchen, Margie's Kitchen + Cocktails, Mrs. Taco, and Jellybean and Julia's. You can also find great BBQ and wood-fired cooking at local eateries. There are also plenty of great food trucks and cafes to grab a quick bite or coffee.
What are the pros and cons of living in Andover?
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Andover, MN, is a great place to live, with a strong sense of community and plenty of outdoor activities to enjoy. However, some residents may find the city to be a bit suburban and lacking in nightlife options. The pros of living in Andover include its excellent schools, safe neighborhoods, and easy access to Minneapolis and other surrounding cities. On the other hand, some cons include the limited public transportation options and the potential for traffic congestion during rush hour.
Is Andover a good place to live?
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Overall, Andover, MN, is a great place to live, offering a unique blend of small-town charm and big-city amenities. With its excellent schools, safe neighborhoods, and plenty of outdoor activities, Andover is an ideal choice for families and individuals looking for a high quality of life. While it may have some limitations, the city's strong sense of community and convenient location make it a great option for those looking to put down roots in the Minneapolis area.
⭐ 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 Andover MN Commercial Property: $113,091
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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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