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Macomb, IL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Macomb, Illinois Market population: 19K. 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 Macomb IL Properties: 7.68%

πŸ“Š Avg Property Tax Rate For Macomb IL Properties: 3.9400%

πŸ“Š Average Income For Macomb IL Commercial Property: $27,100

Investor Questions For Macomb IL

Common questions from investors exploring commercial real estate in Macomb IL.

What's the overall investment outlook for Macomb, IL, considering its demographics and economy? +
Macomb's population of 19,267, with a median age of 23.3, and a diverse ethnicity mix, including White, White Non-Hispanic, and Black, presents a unique investment landscape. The city's median household income of $27,100, combined with a poverty rate of 30.5%, suggests a need for affordable housing options, while the strong health insurance coverage of 93.9% indicates a degree of employment stability among residents.
How does the local economy impact real estate investment in Macomb, IL? +
The top industries in Macomb, including Finance & Insurance, Real Estate & Rental & Leasing, and Public Administration, contribute to a relatively stable employment market, with 8,248 employed individuals. This, coupled with the average commute time of 12.1 minutes and a high health insurance rate, suggests a favorable environment for renters and, by extension, real estate investors.
What are the key factors influencing the housing market in Macomb, IL? +
The median property value of $96,800 and median property taxes of $3,059 are significant factors, but when considered alongside the homeownership rate of 49.4% and the rent burden of 30.4%, they indicate a balanced market with opportunities for both buyers and renters. The foreign-born rate of 3.8% and ethnic diversity also point to a potentially vibrant and growing community.
How does the quality of life in Macomb, IL, affect its attractiveness to real estate investors? +
The average commute time of 12.1 minutes, primarily via driving alone, walking, or carpooling, and the high health insurance coverage rate of 93.9%, suggest a city with good infrastructure and a relatively healthy population. These quality-of-life metrics, combined with the poverty rate of 30.5% and the GINI coefficient of 0.538, indicate a complex market that requires careful consideration of tenant stability and potential for property appreciation.
What role does education play in the real estate investment potential of Macomb, IL? +
With a high school graduation rate of 92.2% and 24.5% of the population holding a Bachelor's degree or higher, Macomb presents an educated workforce. This, along with the top industries and occupations, suggests a market with potential for growth, especially in sectors requiring skilled labor. Investors should consider how these educational attainment levels might influence the local job market, housing demand, and ultimately, property values and rental yields.

Macomb IL Real Estate & City Facts

Key facts and real estate information about Macomb IL.

What are some of the best neighborhoods to live in Macomb? +
Some of the best neighborhoods to live in Macomb include Macomb Cares, which is known for being peaceful and safe, and has a dog-friendly environment. Other desired areas tend to be in the central parts of the city, while more affordable homes are in the northeast regions.
What are some fun things to do in Macomb? +
There are plenty of fun things to do in Macomb, such as visiting the Argyle Lake State Park, the Ball Fore Family Entertainment Center, and the Western Illinois Museum. You can also check out the Great River Road in Illinois National Scenic Byway, and the Lakeview Nature Center. For some adult fun, you can visit the Shooters / Diamond Dave's or the Sports Corner @ 124.
What is the food scene like in Macomb? +
The food scene in Macomb is quite diverse, with a range of restaurants serving different cuisines. Some popular restaurants include Chick's On the Square, Chubby's, and Larry A's. You can also find fine dining options like Craft On Seminary Street, Jackson Street Pub, and Boodalu Steak House. There are also plenty of great food trucks and cafes, like the Hometown cafe, which serves good tenderloin.
What are the pros and cons of living in Macomb? +
The pros of living in Macomb include its peaceful and safe environment, affordable housing, and a range of fun things to do. However, some cons include a relatively high poverty rate and limited job opportunities in certain industries. Overall, Macomb is a great place to live for those who value a quiet and friendly community.
Is Macomb a good place to live? +
Macomb is a good place to live for those who value a quiet and friendly community, with a range of fun things to do and a relatively low cost of living. While it may have some drawbacks, such as limited job opportunities in certain industries, the pros outweigh the cons for many people. Ultimately, whether Macomb is a good place to live depends on your individual preferences and priorities.
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