Berkley, IA Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Berkley, Iowa Market population: 15K. Explore income-producing properties with verified cap rates and operating...
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11 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 Berkley MI Properties: 1.3600%
⭐ 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 Berkley MI
Common questions from investors exploring commercial real estate in Berkley MI.
What's the overall investment potential of Berkley, MI, considering its demographic and economic indicators?
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Berkley, MI, with its median household income of $70,023, low poverty rate of 4.9%, and high health insurance coverage of 96.0%, presents a stable investment market. The city's diverse economy, led by wholesale trade, manufacturing, and information industries, alongside its relatively low income inequality (GINI coefficient of 0.382), suggests a robust demand for housing. Additionally, the high homeownership rate of 83.0% and median property value of $142,200 indicate a strong and potentially appreciating housing market.
How does the commute time and transportation infrastructure in Berkley, MI, impact its attractiveness to renters and investors?
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The average commute time of 21.9 minutes in Berkley, MI, combined with a high rate of driving alone (83.2%) and a notable percentage of individuals working from home (7.3%), suggests a flexible and relatively stress-free commute environment. This, coupled with the low poverty rate of 4.9% and high health insurance coverage of 96.0%, indicates a stable and attractive market for both renters and investors, as it reflects a population with access to employment and healthcare, key factors for consistent rent payments and property maintenance.
What role does ethnic diversity play in the demand for real estate in Berkley, MI, and how might it influence investment decisions?
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Berkley, MI's ethnic diversity, with a majority of White (47.2%) and White Non-Hispanic (46.4%) populations, followed by Two Or More (2.3%) ethnicities, contributes to a culturally rich and potentially dynamic housing market. The presence of a diverse population can lead to a variety of housing needs, from single-family homes to multifamily units, thereby creating opportunities for investors to cater to different demographic segments. Furthermore, the city's foreign-born rate of 6.4% may indicate a growing demand for housing that accommodates diverse family structures and cultural preferences.
How do the top industries in Berkley, MI, influence the local real estate market, and what are the implications for investors?
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The top industries in Berkley, MI, including Wholesale Trade, Manufacturing, and Information, suggest a diversified economy that can support a stable demand for housing. The presence of these industries, combined with a median household income of $70,023 and a low poverty rate of 4.9%, indicates a population with a stable income source, which is beneficial for investors as it translates to reliable rent payments and lower vacancy rates. Additionally, the diversity of industries can attract a wide range of professionals, further diversifying the housing market and reducing dependence on any single sector.
What insights can be gleaned from Berkley, MI's health insurance rate and its implications for the quality of life and investment stability?
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The high health insurance coverage rate of 96.0% in Berkley, MI, in conjunction with its low poverty rate of 4.9% and average commute time of 21.9 minutes, suggests a high quality of life for residents. This combination of factors indicates a stable and healthy population, which is attractive to investors as it implies lower risks associated with tenant reliability and property maintenance. Moreover, the overall quality of life in Berkley, MI, supported by its economic stability and access to healthcare, can lead to increased property values over time, making it a viable location for long-term real estate investments.
Berkley MI Real Estate & City Facts
Key facts and real estate information about Berkley MI.
What are some of the best neighborhoods to live in Berkley?
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Some of the best neighborhoods to live in Berkley include the northwest parts of the city, which tend to be more desired, and the northeast regions, which offer more affordable homes. Neighborhoods like Downtown Berkley offer a great shopping district with small business owners.
What are some fun things to do in Berkley?
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There are plenty of fun things to do in Berkley, such as visiting the Backyard Playroom, Berkley Historical Museum, and Articipate. You can also catch the annual Dream Cruise Parade, or explore the many boutique shops and restaurants along 12 and Coolidge.
What is the food scene like in Berkley?
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The food scene in Berkley is vibrant, with many great restaurants to choose from. Some popular spots include The Beverly, Rock and Brews, GẠO - Vietnamese Cusine, and Medusa Cucina. There are also plenty of great food trucks and cafes, like Chazzano Roasters for great coffee.
What are the pros and cons of living in Berkley?
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The pros of living in Berkley include its peaceful and family-friendly atmosphere, walkability, and safety. However, some cons include the relatively quiet and subdued nightlife, and limited public transportation options. Overall, Berkley is a great place to live for those who value a close-knit community and small-town charm.
Is Berkley a good place to live?
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Yes, Berkley is a good place to live, offering a unique blend of small-town charm and accessibility to Detroit. With its great schools, low crime rate, and strong sense of community, Berkley is an excellent choice for families and individuals looking for a peaceful and welcoming 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 Berkley MI Commercial Property: $70,023
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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 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
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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
⭐ Featured
Prime 15-Unit Multifamily Investment in Heart of San Francisco
$4,895,000
San Francisco
Multifamily
Cap Rate
%
NOI
$0
Size
8,225 SF
⭐ Featured
7-Unit Multifamily Value-Add Opportunity in Long Beach with 7% Cap Rate
$2,100,000
Long Beach
Multifamily
Cap Rate
7.00%
NOI
$144,960
Size
6,074 SF
⭐ Featured
Prime Arcata Multifamily Value-Add: 126-Unit Garden Apartment with 8.67% Cap Rate
$12,750,000
Arcata
Multifamily
Cap Rate
8.67%
NOI
$99,999
Size
87,484 SF
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