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Carterville, IL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Carterville, Illinois Market population: 6K. Explore income-producing properties with verified cap rates and operating...

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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 Carterville IL Properties: 7.68%

πŸ“Š Avg Property Tax Rate For Carterville IL Properties: 2.3000%

πŸ“Š Average Income For Carterville IL Commercial Property: $54,474

Investor Questions For Carterville IL

Common questions from investors exploring commercial real estate in Carterville IL.

What's the overall investment outlook for Carterville, IL? +
Carterville's 13.2% poverty rate and 96.7% health insurance coverage suggest a relatively stable market with access to employment opportunities, while its top industries in Finance & Insurance and Educational Services indicate a diverse economic base, making it an attractive location for real estate investment.
How does the local economy impact rental demand? +
The city's median household income of $54,474, combined with a strong employment population of 2,721 and top industries like Public Administration and Health Care & Social Assistance, indicates a steady demand for rentals, particularly with an average commute time of 20.6 minutes and a high rate of health insurance coverage.
What role does ethnic diversity play in the local real estate market? +
Carterville's ethnic diversity, with 46.8% White and 2.1% Hispanic populations, contributes to a vibrant community, and when considered alongside the city's low poverty rate and high health insurance coverage, suggests a market with a strong sense of community and stability, which can be beneficial for long-term real estate investments.
How do quality of life metrics influence market stability? +
The average commute time of 20.6 minutes and high health insurance rate of 96.7% in Carterville indicate a high quality of life, which can contribute to a stable real estate market, as residents are more likely to invest in their homes and communities when they have access to good healthcare and convenient transportation options.
What are the implications of the city's homeownership rate and property values for investors? +
Carterville's 69.0% homeownership rate and median property value of $121,100 suggest a market with a strong sense of community investment, and when combined with the city's low poverty rate and diverse economy, indicate a relatively stable market for real estate investment, with potential for long-term appreciation in property values.

Carterville IL Real Estate & City Facts

Key facts and real estate information about Carterville IL.

What are some of the best neighborhoods to live in Carterville? +
Some of the best neighborhoods to live in Carterville include The Orchards, which offers a range of community amenities and events. Additionally, areas like Makanda and Cobden are also popular choices for those looking to live in the surrounding area. It's worth noting that Carterville is a relatively small town, so many neighborhoods offer a quiet and peaceful living environment.
What are some fun things to do in Carterville? +
There are plenty of fun things to do in Carterville, including visiting the Walker Bluff Winery, trying your luck at the Walkers Bluff Casino Resort, or exploring the great outdoors at Cannon Park. If you're looking for something more low-key, you could also check out the local ice cream shop or grab a bite to eat at one of the town's many restaurants, such as Country Cupboard or 22 & Vine.
What is the food scene like in Carterville? +
The food scene in Carterville is surprisingly vibrant, with a range of restaurants serving everything from classic American comfort food to more upscale cuisine. Some popular spots include Country Cupboard, 22 & Vine, and the Dairy Queen Grill & Chill. There are also plenty of great food trucks and local eateries to explore, so you're sure to find something that suits your taste and budget.
What are the pros and cons of living in Carterville? +
One of the main pros of living in Carterville is its small-town charm and tight-knit community. The town also offers a range of outdoor recreational activities and a growing food scene. However, some potential downsides to consider include the limited job opportunities and relatively high poverty rate. Additionally, the town's remote location may make it difficult to access certain amenities or services. Overall, Carterville is a great choice for those looking for a quiet, peaceful living environment, but may not be the best fit for everyone.
Is Carterville a good place to live? +
Whether or not Carterville is a good place to live depends on your individual priorities and preferences. If you're looking for a quiet, small-town environment with a strong sense of community, Carterville may be an excellent choice. The town also offers a range of outdoor recreational activities and a growing food scene, which can be a major plus for some people. However, the limited job opportunities and relatively high poverty rate may be a concern for others. Ultimately, it's worth weighing the pros and cons and doing your own research to determine whether Carterville is the right fit for you.
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