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Irvington, IL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Irvington, Illinois Market population: 6K. Compare commercial properties across all major asset classes with...

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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 Irvington NY Properties: 7.68%

πŸ“Š Avg Property Tax Rate For Irvington NY Properties: 2.2300%

πŸ“Š Average Income For Irvington NY Commercial Property: $130,068

Investor Questions For Irvington NY

Common questions from investors exploring commercial real estate in Irvington NY.

What is the overall investment potential of Irvington, NY? +
The combination of a high median household income of $130,068, low poverty rate of 4.0%, and excellent health insurance coverage of 97.8% suggests a stable and attractive market for real estate investment, with a strong potential for rental income and property appreciation.
How does the commute time and transportation infrastructure impact the quality of life for residents and investors? +
The average commute time of 40.6 minutes, although somewhat lengthy, is mitigated by the availability of public transit and the fact that many residents can work from home, indicating a decent quality of life and relatively low turnover rates for renters, which can be beneficial for investors.
What role does ethnic diversity and industry mix play in shaping the local real estate market? +
The top ethnicities, including White, White Non-Hispanic, and Hispanic, contribute to a diverse community, while the dominant industries such as Finance & Insurance, Professional Services, and Manufacturing drive demand for housing, suggesting a resilient market with opportunities for long-term growth and appreciation.
How do property values, taxes, and homeownership rates influence the investment landscape in Irvington, NY? +
The high median property value of $630,800, coupled with a relatively high homeownership rate of 79.3% and moderate property taxes of $2,006, indicates a strong and stable housing market, which can provide a solid foundation for real estate investments, including rental properties and fix-and-flip projects.
What are the implications of income inequality and employment rates for real estate investors in Irvington, NY? +
The GINI coefficient of 0.53, which indicates a moderate level of income inequality, combined with a sizable employed population of 3,181 and low poverty rate of 4.0%, suggests a relatively stable workforce and reduced risk of tenant default, making it an attractive location for investors seeking reliable rental income and long-term property appreciation.

Irvington NY Real Estate & City Facts

Key facts and real estate information about Irvington NY.

What are some of the best neighborhoods to live in Irvington? +
Some of the best neighborhoods to live in Irvington include the area around Main Street, which offers a charming and picturesque environment with plenty of shops and restaurants. The neighborhood around Matthiessen Park is also popular, with its beautiful views of the Hudson River and easy access to outdoor recreation. Additionally, the area around the Irvington train station is convenient for commuters and offers a range of housing options.
What are some fun things to do in Irvington? +
There are plenty of fun things to do in Irvington, including visiting the Irvington Historical Society, exploring the shops and restaurants on Main Street, and enjoying the beautiful views of the Hudson River from Matthiessen Park. You can also take a stroll along the riverfront, visit the Tarrytown Music Hall, or explore the nearby Rockefeller Archive Center. For outdoor enthusiasts, there are plenty of opportunities for hiking, biking, and kayaking in the area.
What is the food scene like in Irvington? +
The food scene in Irvington is vibrant and diverse, with a range of restaurants serving everything from traditional Italian cuisine to modern Greek cuisine. Some popular restaurants include MP Taverna, Red Hat on the River, and Chutney Masala. There are also plenty of great food trucks and cafes in the area, offering everything from gourmet sandwiches to artisanal coffee. Whether you're in the mood for a fancy dinner or a casual bite, Irvington has something to offer.
What are the pros and cons of living in Irvington? +
One of the pros of living in Irvington is its charming and picturesque environment, with plenty of opportunities for outdoor recreation and a strong sense of community. The town also has a convenient location, with easy access to New York City and other nearby towns. However, one of the cons is that Irvington can be quite expensive, with high housing costs and property taxes. Additionally, the town can be quite crowded during peak season, which may be a drawback for some residents. Overall, Irvington is a great choice for those who value a high quality of life and are willing to pay a premium for it.
Is Irvington a good place to live? +
Overall, Irvington is a great place to live, offering a unique blend of natural beauty, outdoor recreation, and small-town charm. While it can be expensive, the town's strong sense of community and convenient location make it an attractive choice for many residents. With its excellent schools, low crime rate, and high quality of life, Irvington is a great option for families, commuters, and anyone looking for a relaxing and picturesque place to call home.
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