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Abingdon, IL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Abingdon, Illinois Market population: 8K. Browse multifamily, office, retail, industrial, and mixed-use investment opportunities....

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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

πŸ“Š Average Cap Rate For Abingdon VA Properties: 7.68%

πŸ“Š Avg Property Tax Rate For Abingdon VA Properties: 0.6000%

πŸ“Š Average Income For Abingdon VA Commercial Property: $43,419

Investor Questions For Abingdon VA

Common questions from investors exploring commercial real estate in Abingdon VA.

What's the overall investment potential of Abingdon, VA, considering its demographics and economy? +
Abingdon, VA's investment potential is promising, with a relatively low poverty rate of 13.4% and a high health insurance coverage rate of 95.1%, indicating a stable workforce. The top industries, including Health Care & Social Assistance and Retail Trade, also suggest a diverse economy, while the median household income of $43,419 and average commute time of 20.4 minutes point to a decent quality of life for residents.
How does the city's ethnic diversity and industry mix impact the rental market? +
The city's dominant White population (93.4%) and relatively low foreign-born rate (2.1%) may suggest a stable, long-term rental market. The top industries, such as Manufacturing and Accommodation & Food Services, could drive demand for rentals, especially with the city's low average commute time of 20.4 minutes and high health insurance coverage rate of 95.1%, indicating a reliable tenant base.
What are the key factors to consider when evaluating the local housing market? +
When assessing the Abingdon, VA housing market, consider the median property value of $233,400, median property taxes of $2,144, and a homeownership rate of 63.2%. The relatively low poverty rate of 13.4% and high health insurance coverage rate of 95.1% also suggest a stable market, while the top commute methods, such as driving alone (85.1%) and carpooling (8.1%), indicate a convenient location for residents.
How does the city's quality of life impact its attractiveness to investors? +
Abingdon, VA's quality of life is characterized by a short average commute time of 20.4 minutes, a high health insurance coverage rate of 95.1%, and a relatively low poverty rate of 13.4%. These factors, combined with the city's diverse economy and stable demographics, make it an attractive location for investors seeking a reliable rental income and potential long-term appreciation in property value.
What role do income inequality and employment play in shaping the local real estate market? +
The city's GINI coefficient of 0.443 indicates a moderate level of income inequality, which, combined with the employed population of 3,654 and median household income of $43,419, suggests a relatively stable workforce. The top industries, including Health Care & Social Assistance and Retail Trade, also drive employment and contribute to the local real estate market's stability, making Abingdon, VA a viable option for investors seeking a balanced risk-reward profile.

Abingdon VA Real Estate & City Facts

Key facts and real estate information about Abingdon VA.

What are some of the best neighborhoods to live in Abingdon? +
Some of the best neighborhoods to live in Abingdon include Cummings Heights, which is known for its friendly atmosphere and well-kept homes. Other neighborhoods to consider are those in the historic district, which offer a mix of old and new homes with a lot of character. Additionally, areas like Washington County and Bristol are also popular options for those looking to live in the Abingdon area.
What are some fun things to do in Abingdon? +
Abingdon has a lot to offer when it comes to things to do. Outdoor enthusiasts will love the Virginia Creeper Trail, a 34-mile trail that's perfect for hiking and biking. The town also has a vibrant downtown area with charming shops, art galleries, and restaurants. Be sure to check out the Barter Theatre, the State Theatre of Virginia, for world-class performances. And for some local flavor, visit the Abingdon Farmers Market or the Southwest Virginia Cultural Center & Marketplace.
What is the food scene like in Abingdon? +
The food scene in Abingdon is a hidden gem. The town is home to a variety of restaurants, including The Tavern, which is one of the oldest and most storied restaurants in Virginia. Other popular spots include 128 Pecan, Rain Restaurant & Bar, and The Girl & The Goat. And for a taste of the local cuisine, be sure to try some of the town's famous farm-to-table dishes, which showcase the best of Appalachian cuisine.
What are the pros and cons of living in Abingdon? +
Living in Abingdon has its pros and cons. On the plus side, the town has a lot to offer, including a rich history, a vibrant downtown area, and plenty of outdoor activities. The cost of living is also relatively low, and the town has a strong sense of community. However, some downsides include the limited job market and the fact that the town can be a bit quiet, especially at night. Additionally, traffic can be a issue during peak season, and some areas of town may have limited access to certain amenities.
Is Abingdon a good place to live? +
Overall, Abingdon is a great place to live for those who value a small-town atmosphere and a strong sense of community. The town has a lot to offer, from its rich history and outdoor activities to its vibrant downtown area and local cuisine. While it may not be the best fit for everyone, especially those looking for a more fast-paced lifestyle, Abingdon is definitely worth considering for those who want to experience the best of small-town Virginia living.
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