Urbana, IA Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Urbana, Iowa Market population: 42K. Compare commercial properties across all major asset classes with...
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11 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Urbana IL Properties: 3.7500%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Urbana IL
Common questions from investors exploring commercial real estate in Urbana IL.
What is the overall investment potential of Urbana, IL, considering its demographic and economic factors?
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The city's median household income of $43,491, combined with a poverty rate of 33.4%, suggests a mixed market with opportunities for affordable housing investments. The high health insurance coverage rate of 94.6% and relatively low average commute time of 18.5 minutes indicate a stable workforce, while the top industries in Educational Services, Health Care, and Retail Trade drive local demand. Additionally, the diverse population with top ethnicities including White, Asian, and Black or African American contributes to a vibrant community.
How does the city's commute infrastructure impact the attractiveness of investments in Urbana, IL?
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The average commute time of 18.5 minutes, with top commute methods including driving alone, walking, and biking, suggests a well-planned urban environment that supports both personal and commercial transportation needs. This, coupled with the city's relatively high employment rate and strong presence of industries like Educational Services and Health Care, makes it an attractive location for investors looking to capitalize on a stable and mobile workforce. Furthermore, the median property value of $173,400 and median property taxes of $4,341 provide a balanced outlook for investment returns.
What role does ethnic diversity play in shaping the investment landscape of Urbana, IL?
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The city's diverse population, with significant White, Asian, and Black or African American communities, contributes to a dynamic market with varied consumer preferences and business opportunities. This diversity, along with a foreign-born rate of 23.5%, can foster innovation and entrepreneurship, particularly in the Retail Trade sector, which is among the city's top industries. Moreover, the gini coefficient of 0.523 indicates a moderate level of income inequality, suggesting that investments in affordable housing and community development could yield both financial returns and social benefits.
How do health insurance coverage and poverty rates influence the quality of tenants and investment stability in Urbana, IL?
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The high health insurance coverage rate of 94.6% combined with a poverty rate of 33.4% presents a complex picture for investors. On one hand, the significant health insurance coverage suggests a population with access to healthcare, which can contribute to a more stable tenant base. On the other hand, the poverty rate indicates a need for affordable housing options, which can be an investment opportunity. Investors should consider developments that cater to low-income households while also ensuring a balanced portfolio that mitigates potential risks associated with higher poverty levels.
What insights can be gleaned from the city's economic indicators, such as median household income and top industries, for real estate investment decisions?
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The median household income of $43,491 and the dominance of industries like Educational Services, Health Care and Social Assistance, and Retail Trade provide valuable insights for investors. These sectors tend to be less volatile and can offer a stable demand for housing, both for students, professionals, and families. Additionally, the median property value of $173,400 and the homeownership rate of 35.4% suggest a market with potential for both rental income and long-term appreciation, making it essential for investors to weigh these factors when evaluating investment opportunities in Urbana, IL.
Urbana IL Real Estate & City Facts
Key facts and real estate information about Urbana IL.
What are some of the best neighborhoods to live in Urbana?
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Some of the best neighborhoods to live in Urbana include South Urbana, West Urbana, and Old Town. These areas are known for their dense, older neighborhoods and are close to the downtown areas. Additionally, the south parts of the city tend to be more desirable, while the north regions offer more affordable homes.
What are some fun things to do in Urbana?
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Urbana has a variety of attractions and activities to enjoy. You can visit the Krannert Art Museum, take a stroll through the Urbana Park District, or attend a performance at the Virginia Theatre. There are also plenty of great food trucks and restaurants in the area, such as Black Dog Smoke & Ale House and Silvercreek.
What is the food scene like in Urbana?
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The food scene in Urbana is diverse and vibrant, with a range of restaurants, breweries, and food trucks to choose from. Some popular spots include Black Dog Smoke & Ale House, Silvercreek, and The Courier Cafe. You can also find a variety of international cuisines, such as Ethiopian and Sicilian. Additionally, the city hosts several food festivals throughout the year, showcasing the best of local cuisine.
What are the pros and cons of living in Urbana?
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Urbana has a lot to offer, including a rich cultural scene, a diverse community, and a range of outdoor activities. However, the city also faces challenges such as poverty and a high crime rate. Additionally, the cost of living in Urbana can be relatively high, especially when it comes to housing. Despite these challenges, many residents find that the city's pros outweigh its cons, and that it is a great place to live, work, and raise a family.
Is Urbana a good place to live?
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Overall, Urbana is a great place to live for those who value a diverse community, a rich cultural scene, and a range of outdoor activities. While the city faces some challenges, its pros outweigh its cons, and it is a great option for families, young professionals, and retirees alike. With its unique blend of small-town charm and big-city amenities, Urbana is a hidden gem in the heart of Illinois.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Urbana IL Commercial Property: $43,491
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
⭐ Featured
Prime 15-Unit Multifamily Investment in Heart of San Francisco
$4,895,000
San Francisco
Multifamily
Cap Rate
%
NOI
$0
Size
8,225 SF
⭐ Featured
7-Unit Multifamily Value-Add Opportunity in Long Beach with 7% Cap Rate
$2,100,000
Long Beach
Multifamily
Cap Rate
7.00%
NOI
$144,960
Size
6,074 SF
⭐ Featured
Prime Arcata Multifamily Value-Add: 126-Unit Garden Apartment with 8.67% Cap Rate
$12,750,000
Arcata
Multifamily
Cap Rate
8.67%
NOI
$99,999
Size
87,484 SF
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