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Clarendon Hills, IL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Clarendon Hills, Illinois Market population: 8K. Browse multifamily, office, retail, industrial, and mixed-use investment...

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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 Clarendon Hills IL Properties: 7.68%

πŸ“Š Avg Property Tax Rate For Clarendon Hills IL Properties: 1.9500%

πŸ“Š Average Income For Clarendon Hills IL Commercial Property: $97,465

Investor Questions For Clarendon Hills IL

Common questions from investors exploring commercial real estate in Clarendon Hills IL.

What's the overall investment outlook for Clarendon Hills, IL? +
With a median household income of $97,465 and a relatively low poverty rate of 7.1%, Clarendon Hills presents a stable investment market, further supported by its high health insurance coverage rate of 95.9% and a strong employment population of 3,755, indicating a reliable tenant base.
How does the local economy impact real estate demand? +
The top industries in Clarendon Hills, including Finance & Insurance, and Educational Services, contribute to a diverse economy, which, combined with the area's ethnic diversity - featuring White, White Non-Hispanic, and Asian populations - suggests a robust demand for housing, especially considering the average commute time of 30.8 minutes and the prevalence of public transit.
What are the key factors influencing property values in Clarendon Hills? +
The median property value of $495,100, coupled with a high homeownership rate of 81.8% and median property taxes of $2,454, indicates a strong and stable housing market, which is further reinforced by the area's low poverty rate of 7.1% and high health insurance coverage of 95.9%, suggesting a market with solid potential for appreciation.
How does the commute and transportation infrastructure affect the quality of life for residents? +
The average commute time of 30.8 minutes, although moderate, is mitigated by the variety of commute methods available, including driving alone, working from home, and public transit, which, alongside a high health insurance rate of 95.9%, contributes to a good quality of life, making Clarendon Hills an attractive location for potential renters and buyers.
What role does demographic diversity play in the investment potential of Clarendon Hills? +
The ethnic diversity, with top ethnicities including White, White Non-Hispanic, and Asian, combined with a foreign-born rate of 14.5%, suggests a culturally rich and potentially vibrant community, which, when considered alongside the median age of 38.9 and the employed population of 3,755, indicates a dynamic market with opportunities for real estate investment growth, supported by a GINI coefficient of 0.521, which, although indicating some income inequality, is balanced by the area's strong economic indicators.

Clarendon Hills IL Real Estate & City Facts

Key facts and real estate information about Clarendon Hills IL.

What are some of the best neighborhoods to live in Clarendon Hills? +
Some of the best neighborhoods to live in Clarendon Hills include Clarendon Hills North, which is known for its peaceful atmosphere and safety. Other neighborhoods, such as those near Downtown Clarendon Hills, offer a vibrant and luxurious lifestyle with magnificent homes.
What are some fun things to do in Clarendon Hills? +
There are plenty of fun things to do in Clarendon Hills, including visiting the Tierra Distilling Company, exploring the Clarendon Hills Park District, and playing a round of golf at the Hinsdale Golf Club. You can also take a day trip to nearby Starved Rock State Park or visit the Sawmill Creek Bridge in the Waterfall Glen Forest Preserve.
What is the food scene like in Clarendon Hills? +
The food scene in Clarendon Hills is eclectic and offers a variety of dining choices. Some popular restaurants include THASSOS Greek Restaurant, Entourage, and Il Mio, which serves Italian cuisine. There are also plenty of great food trucks and cafes in the area, such as Cadence Kitchen and Co.
What are the pros and cons of living in Clarendon Hills? +
The pros of living in Clarendon Hills include its low crime rate, top-rated schools, and high average home values. However, some cons include the relatively high cost of living and property taxes. Additionally, some residents may find the village's small size and limited job opportunities to be a drawback.
Is Clarendon Hills a good place to live? +
Overall, Clarendon Hills is a great place to live, offering a high quality of life and a strong sense of community. Its excellent schools, safe neighborhoods, and vibrant downtown area make it an attractive choice for families and young professionals. However, it's essential to weigh the pros and cons and consider factors like budget and personal preferences before making a decision.
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