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Long Grove, IL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Long Grove, Illinois Market population: 8K. Explore income-producing properties with verified cap rates and...

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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 Long Grove IL Properties: 7.68%

πŸ“Š Avg Property Tax Rate For Long Grove IL Properties: 3.0900%

πŸ“Š Average Income For Long Grove IL Commercial Property: $188,750

Investor Questions For Long Grove IL

Common questions from investors exploring commercial real estate in Long Grove IL.

What makes Long Grove, IL an attractive market for real estate investment? +
The combination of a high median household income of $188,750, low poverty rate of 2.1%, and strong health insurance coverage of 97.9% suggests a stable and affluent market with a high quality of life, making it an attractive option for investors. Additionally, the top industries in Wholesale Trade, Information, and Manufacturing provide a diverse economic base. The city's ethnic diversity, with a mix of White, White Non-Hispanic, and Asian populations, also contributes to a vibrant and dynamic community.
How does the commute time and transportation infrastructure impact the rental market in Long Grove, IL? +
The average commute time of 35.1 minutes, although slightly longer than some other areas, is mitigated by the fact that many residents can work from home, with 'Worked At Home' being one of the top commute methods. This flexibility, combined with a high health insurance rate of 97.9% and low poverty rate of 2.1%, indicates a stable and reliable tenant base. The diverse economy, with top industries in Wholesale Trade, Information, and Manufacturing, also supports a strong rental market.
What are the implications of the high median property value and property taxes in Long Grove, IL for real estate investors? +
The high median property value of $690,100 and corresponding median property taxes of $2,348 may present a barrier to entry for some investors, but the low poverty rate of 2.1% and high health insurance coverage of 97.9% suggest a market with stable and affluent residents who can support higher property values. The city's strong economy, driven by top industries in Wholesale Trade, Information, and Manufacturing, and its diverse population, with a mix of White, White Non-Hispanic, and Asian ethnicities, also contribute to a robust and growing property market.
How does the ethnic diversity and income inequality in Long Grove, IL impact the demand for housing and rental properties? +
The city's ethnic diversity, with a mix of White, White Non-Hispanic, and Asian populations, contributes to a vibrant and dynamic community, which can drive demand for housing and rental properties. Although the GINI coefficient of 0.445 indicates some income inequality, the low poverty rate of 2.1% and high median household income of $188,750 suggest that the market is generally affluent and stable. The top industries in Wholesale Trade, Information, and Manufacturing also provide a diverse economic base, supporting a strong and growing property market.
What are the key factors that contribute to the stability and attractiveness of the real estate market in Long Grove, IL? +
The combination of a low poverty rate of 2.1%, high health insurance coverage of 97.9%, and strong economy, driven by top industries in Wholesale Trade, Information, and Manufacturing, contributes to a stable and attractive real estate market in Long Grove, IL. Additionally, the city's high median household income of $188,750, diverse ethnic population, and relatively low commute time of 35.1 minutes, with flexible transportation options, all support a high quality of life and a robust property market, making it an attractive option for investors.

Long Grove IL Real Estate & City Facts

Key facts and real estate information about Long Grove IL.

What are some of the best neighborhoods to live in Long Grove? +
Some of the best neighborhoods to live in Long Grove include the areas around Historic Downtown Long Grove, which features unique boutique shops and dining options. Residents also enjoy the nearby parks and forest preserves, such as Buffalo Creek Forest Preserve and Wright Woods Forest Preserve. Additionally, the village has a strong sense of community, with many seasonal festivals and events.
What are some fun things to do in Long Grove? +
There are plenty of fun things to do in Long Grove, including visiting the Sock Monkey Museum, exploring the Buffalo Creek Forest Preserve, and enjoying the scenic outdoor recreation opportunities at Wright Woods Forest Preserve. You can also discover the unique shops and restaurants in Historic Downtown Long Grove, such as Enzo & Lucia Ristorante, which serves Italian cuisine and notable wines.
What is the food scene like in Long Grove? +
The food scene in Long Grove is diverse and exciting, with a range of restaurants serving different cuisines. Some popular options include Enzo & Lucia Ristorante for Italian cuisine, Blu Fig Cafe for Mediterranean dishes, and Fluffy Bunny Ranch House for a unique dining experience. There are also plenty of great food trucks and casual eateries to try.
What are the pros and cons of living in Long Grove? +
The pros of living in Long Grove include its strong sense of community, excellent schools, and convenient access to outdoor recreation opportunities. However, some cons include the village's relatively high cost of living and limited public transportation options. Additionally, some residents may find the area to be a bit quiet or suburban, but this can also be a plus for those looking for a more relaxed pace of life.
Is Long Grove a good place to live? +
Overall, Long Grove is a great place to live, offering a unique blend of small-town charm and access to big-city amenities. With its excellent schools, beautiful parks, and strong sense of community, it's an ideal choice for families and individuals looking for a relaxed and welcoming atmosphere. While it may have some drawbacks, such as a high cost of living, the pros definitely outweigh the cons, making Long Grove a fantastic place to call home.
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