CRE Admin

Gages Lake, IL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Gages Lake, Illinois Market population: 10K. Explore income-producing properties with verified cap rates and...

Advertisement
Cap Rate: Medium NOI: Any Tax Rate: Any Price: Any Size: Any
Clear All
No exact matches found. Showing similar properties in Illinois.
1 properties found
REI Capital advisor
Investor Pitch Deck

Don’t just search properties. See why investors choose REI Capital.

Before you compare every deal alone, download the REI Capital investment pitch and see our growth story, strategy, and next-step materials.

REI Capital advisor
⭐ 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 Gages Lake IL Properties: 7.68%

πŸ“Š Avg Property Tax Rate For Gages Lake IL Properties: 2.9400%

πŸ“Š Average Income For Gages Lake IL Commercial Property: $81,812

Investor Questions For Gages Lake IL

Common questions from investors exploring commercial real estate in Gages Lake IL.

What's the overall investment potential of Gages Lake, IL, considering its demographics and economy? +
Gages Lake, IL, with a population of 10,093 and a median age of 39.7, presents a stable investment market, given its median household income of $81,812 and a relatively low poverty rate of 5.2%, suggesting a strong and stable tenant base. The top industries, including Wholesale Trade, Public Administration, and Information, contribute to the area's economic stability. Additionally, the high health insurance coverage rate of 93.3% indicates a population with access to healthcare, potentially leading to a more stable workforce and rental market.
How does the ethnic diversity and income inequality impact the real estate market in Gages Lake, IL? +
The ethnic diversity in Gages Lake, IL, with top ethnicities being White, White Non-Hispanic, and Hispanic, suggests a potentially vibrant and inclusive community, which can attract a wide range of residents and investors. However, the income inequality, as indicated by a GINI coefficient of 0.346, might affect the affordability and accessibility of housing for certain segments of the population, making it essential for investors to consider these factors when evaluating potential investments. The median property value of $209,500 and median property taxes of $3,036 provide insight into the housing market's affordability and potential for appreciation.
What role does commute time and method play in assessing the quality of life and investment stability in Gages Lake, IL? +
The average commute time of 30.1 minutes in Gages Lake, IL, combined with the top commute methods being driving alone, working from home, and carpooling, suggests a relatively manageable commute that can contribute to a high quality of life for residents. This, in turn, can make the area more attractive to potential renters and buyers, thereby enhancing investment stability. Furthermore, the high homeownership rate of 81.6% indicates a strong sense of community, which can positively impact property values and rental yields.
How do the poverty rate and health insurance coverage interact to influence the tenant quality and investment potential in Gages Lake, IL? +
The low poverty rate of 5.2% in Gages Lake, IL, coupled with a high health insurance coverage rate of 93.3%, suggests a working-class market with employment stability and access to healthcare, which are crucial factors for tenant quality and investment potential. This combination indicates that tenants are likely to have stable income and health coverage, reducing the risk of investment and potentially leading to more reliable rental income. The employed population of 5,039 also supports the notion of a stable workforce.
What insights can be gleaned from the top industries and demographic data for real estate investment strategies in Gages Lake, IL? +
The top industries in Gages Lake, IL, including Wholesale Trade, Public Administration, and Information, provide insight into the local economy's drivers and the potential demand for housing from employees in these sectors. Combining this with demographic data, such as the median age of 39.7 and the top ethnicities, investors can tailor their investment strategies to meet the specific needs of the local population, such as family homes or apartments that cater to young professionals, thereby maximizing the potential for rental yields and property appreciation.

Gages Lake IL Real Estate & City Facts

Key facts and real estate information about Gages Lake IL.

What are some of the best neighborhoods to live in Gages Lake? +
Some of the best neighborhoods to live in Gages Lake include areas in the east parts of the city, as well as neighborhoods like Prairie Crossing in Grayslake, which is known for its community feel and walking trails. Other family-friendly and safe neighborhoods in the area include those around W Gages Lake Rd.
What are some fun things to do in Gages Lake? +
There are plenty of fun things to do in Gages Lake, including visiting the Grayslake Heritage Center & Museum, exploring the Great Lakes Antiques Boutique, and enjoying the outdoors at Jones Island Park, which has a beach and a new playground. You can also check out events and activities in the area, such as those listed on Eventbrite.
What is the food scene like in Gages Lake? +
The food scene in Gages Lake is diverse and includes a range of restaurants, such as Merienda Cafe, Olivia's Italian Restaurant, and Ballers Bar & Grill. There are also plenty of great food options in nearby Grayslake, including Cooper's Hawk Winery & Restaurant and Austin's Saloon and Eatery. Additionally, the Village Center in Grayslake features several restaurants, bars, and diners.
What are the pros and cons of living in Gages Lake? +
Living in Gages Lake has its pros and cons. On the plus side, the area is known for its safe and family-friendly neighborhoods, outdoor recreational opportunities, and community events. However, some areas may be more quiet and rural than others, which could be a drawback for those looking for a more urban lifestyle. Additionally, traffic and commute times can be a challenge in the area.
Is Gages Lake a good place to live? +
Overall, Gages Lake is a great place to live for those who value a safe and family-friendly community, outdoor recreation, and a range of local amenities. While it may not be the best fit for everyone, particularly those looking for a more urban lifestyle, it is definitely worth considering for those who prioritize these factors. With its mix of quiet neighborhoods, community events, and nearby attractions, Gages Lake can be a wonderful place to call home.
Advertisement