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Lewistown, IL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Lewistown, Illinois Market population: 8K. 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 Lewistown PA Properties: 7.68%

πŸ“Š Avg Property Tax Rate For Lewistown PA Properties: 2.3000%

πŸ“Š Average Income For Lewistown PA Commercial Property: $31,357

Investor Questions For Lewistown PA

Common questions from investors exploring commercial real estate in Lewistown PA.

What's the overall investment potential of Lewistown, PA, considering its demographics and economy? +
Lewistown's 27.0% poverty rate and $31,357 median household income suggest a challenging market, but the 92.8% health insurance coverage and 18.4-minute average commute time indicate a relatively stable workforce, with top industries like Public Administration and Educational Services driving employment.
How does the city's ethnic diversity and industry mix impact rental demand? +
The city's diverse population, with 47.2% White and 2.5% Two Or More ethnicities, combined with top industries like Transportation & Warehousing and Utilities, suggests a strong demand for rentals, particularly from workers in these sectors, who may appreciate the 18.4-minute average commute time and relatively low median property taxes of $1,688.
What are the implications of Lewistown's poverty rate and health insurance coverage for tenant quality? +
The 27.0% poverty rate is a concern, but the 92.8% health insurance coverage suggests that many residents have access to employment benefits, which could contribute to a more stable tenant base, and the 43.5% homeownership rate indicates a potential pool of renters who may be looking for affordable options.
How do the city's commute times and transportation options affect its attractiveness to investors? +
Lewistown's 18.4-minute average commute time and top commute methods like Drove Alone and Carpooled suggest a relatively convenient and accessible location, which could make it more attractive to investors, particularly those targeting workers in the city's top industries like Public Administration and Educational Services.
What role do the city's income inequality and education levels play in shaping its real estate market? +
The city's GINI coefficient of 0.424 indicates a moderate level of income inequality, while the 85.2% high school graduation rate and 14.1% bachelor's degree or higher rate suggest a relatively educated population, which could contribute to a more stable and attractive real estate market, with potential for appreciation in median property value over time.

Lewistown PA Real Estate & City Facts

Key facts and real estate information about Lewistown PA.

What are some of the best neighborhoods to live in Lewistown? +
Some of the best neighborhoods to live in Lewistown include Juniata Terrace, Lewistown North, Highland Park, Burnham, and Church Hill. These neighborhoods offer a range of housing options, from older homes with classic architectural charm to newer developments with modern amenities.
What are some fun things to do in Lewistown? +
There are plenty of fun things to do in Lewistown, including visiting the Hawstone Hollow Winery, exploring the Mifflin County Historical Society, and enjoying the great outdoors at Reeds Gap State Park. You can also check out the historic downtown area, which features many historic structures, including the historic courthouse, Embassy Theatre, McCoy House, and the Stone Arch Bridge.
What is the food scene like in Lewistown? +
The food scene in Lewistown is diverse and delicious, with a range of restaurants serving everything from Italian cuisine at Angelo's Italian Restaurant to hip new eateries like Hungry Run Wine Bar & Bistro and Shy Bear Brewing. There are also plenty of great food trucks and local festivals, including Goose Day, to enjoy.
What are the pros and cons of living in Lewistown? +
The pros of living in Lewistown include its small-town charm, historic downtown area, and easy access to outdoor recreation. However, some cons include a higher poverty rate and limited job opportunities compared to larger cities. Overall, Lewistown is a great place to live for those who value a close-knit community and a relaxed pace of life.
Is Lewistown a good place to live? +
Lewistown can be a great place to live for the right person. It offers a unique blend of small-town charm, historic character, and outdoor recreation opportunities. While it may not be the best fit for everyone, particularly those looking for a more fast-paced urban lifestyle, it is definitely worth considering for those who value a close-knit community and a relaxed pace of life.
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