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Vandalia, IL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Vandalia, Illinois Market population: 15K. Explore income-producing properties with verified cap rates and operating...

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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

๐Ÿ“Š Average Cap Rate For Vandalia OH Properties: 7.68%

๐Ÿ“Š Avg Property Tax Rate For Vandalia OH Properties: 2.2600%

๐Ÿ“Š Average Income For Vandalia OH Commercial Property: $52,164

Investor Questions For Vandalia OH

Common questions from investors exploring commercial real estate in Vandalia OH.

What's the overall investment potential of Vandalia, OH, considering its demographics and economy? +
Vandalia's median household income of $52,164, combined with a relatively low poverty rate of 9.1% and high health insurance coverage of 93.5%, suggests a stable market with a strong potential for rental income. The city's diverse economy, led by industries like construction and public administration, further supports its investment appeal.
How does the city's ethnic diversity and commute time impact the demand for housing? +
The ethnic diversity in Vandalia, with a mix of White, White Non-Hispanic, and Black populations, contributes to a vibrant community that can attract a wide range of tenants. Additionally, the average commute time of 20.8 minutes, which is relatively short, and the prevalence of drive-alone and carpool commute methods, indicates a convenient location that can boost housing demand.
What are the implications of Vandalia's income inequality and employment rate for real estate investors? +
The GINI coefficient of 0.399, which is relatively moderate, and an employed population of 7,324, suggest that while there is some income inequality, the overall employment rate is strong. This balance can lead to a stable tenant base, as a significant portion of the population has a steady income, thereby reducing the risk for investors.
How do the median property value and property taxes in Vandalia impact the ROI for investors? +
With a median property value of $137,700 and median property taxes of $4,068, Vandalia offers a relatively affordable entry point for investors. Considering the city's stable economy and moderate property taxes, investors can anticipate a favorable ROI, especially when factoring in the potential for long-term property appreciation.
What role does health insurance coverage and education level play in assessing tenant quality in Vandalia? +
The high health insurance coverage rate of 93.5% and a notable high school graduation rate of 92.2% in Vandalia suggest a population with access to healthcare and a decent level of education. These factors can contribute to a more reliable and responsible tenant base, as individuals with health insurance and higher education levels may have more stable employment and financial situations, reducing the risk of late payments or property damage for investors.

Vandalia OH Real Estate & City Facts

Key facts and real estate information about Vandalia OH.

What are some of the best neighborhoods to live in Vandalia? +
Some of the best neighborhoods to live in Vandalia include the central parts of the city, which tend to be more desired, and the east regions, which offer more affordable homes. According to AreaVibes, the best places to live in Vandalia are ranked based on factors such as housing, employment, and education. Additionally, neighborhoods like Miamisburg, Waynesville, and Bellbrook are also worth considering for their small-town charm.
What are some fun things to do in Vandalia? +
There are plenty of fun things to do in Vandalia, including visiting the Englewood Metro Park, Taylorsville MetroPark, and the Dayton Flea Market. You can also explore the downtown area, which features museums, boutiques, and restaurants. For outdoor enthusiasts, Vandalia has 11 parks and a variety of dining and shopping options. The city also hosts events like air shows and parades, making it a great place to visit or live.
What is the food scene like in Vandalia? +
The food scene in Vandalia is diverse and offers a range of options, from fine dining to casual eateries. Some popular restaurants include Bunkers Bar and Grill, Hairless Hare Brewery, and Rip Rap Roadhouse. You can also find great places to eat near Vandalia, such as Red Lobster, Coldwater Cafe, and The Foundry. There are also plenty of great food trucks and local favorites like Airline Dairy Crรƒยจme and Fox's Pizza Den.
What are the pros and cons of living in Vandalia? +
The pros of living in Vandalia include its affordable housing, low cost of living, and variety of outdoor recreational activities. The city also has a strong sense of community, with events and festivals throughout the year. However, some cons include the limited job opportunities and lower median household income compared to other cities in the area. Additionally, traffic and commute times can be a challenge, especially during rush hour.
Is Vandalia a good place to live? +
Overall, Vandalia is a great place to live for those who value a small-town atmosphere, outdoor recreation, and a strong sense of community. While it may have some drawbacks, such as limited job opportunities and traffic, the city's affordable housing, low cost of living, and variety of amenities make it an attractive option for families, retirees, and individuals looking for a relaxed pace of life.
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