Akron, IA Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Akron, Iowa Market population: 199K. Explore income-producing properties with verified cap rates and operating...
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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 Akron OH Properties: 1.6900%
⭐ 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 Akron OH
Common questions from investors exploring commercial real estate in Akron OH.
What is the overall investment potential of Akron, OH, considering its demographic and economic factors?
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Akron's median household income of $33,909, combined with a poverty rate of 24.3% and a health insurance coverage of 89.4%, suggests a market with working-class stability, supported by a diverse economy with top industries in Public Administration, Finance, and Real Estate, which can attract a wide range of tenants.
How does the city's ethnic diversity and commute infrastructure impact the rental market?
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The city's ethnic diversity, with top ethnicities including White, White Non-Hispanic, and Black, contributes to a vibrant community, while the average commute time of 20.5 minutes and top commute methods of driving alone, carpooling, and working from home indicate a convenient and flexible infrastructure for renters, making it an attractive location for investment.
What are the implications of Akron's income inequality and employment rates for real estate investors?
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The GINI coefficient of 0.471, indicating moderate income inequality, and an employed population of 84,842, suggest that investors should focus on affordable housing options that cater to the working-class population, which can provide stable rental income and relatively low vacancy rates.
How do the city's homeownership rate and property values affect the rental market and investment potential?
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With a homeownership rate of 51.2% and a median property value of $83,900, Akron presents opportunities for investors to capitalize on the demand for rental properties, particularly in neighborhoods with higher rental yields, and the relatively low property values can make investment more accessible to a wider range of investors.
What role do health insurance coverage and education levels play in assessing the quality of tenants and market stability in Akron?
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The high health insurance coverage rate of 89.4% and a high school graduation rate of 86.4% indicate a relatively stable and educated population, which can translate to more reliable tenants and lower turnover rates, making Akron an attractive location for real estate investment, especially for those focusing on long-term rental income and property appreciation.
Akron OH Real Estate & City Facts
Key facts and real estate information about Akron OH.
What are some of the best neighborhoods to live in Akron?
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Some of the best neighborhoods to live in Akron include Goodyear Heights, Wallhaven, Highland Square, and Southeast Bath. Each of these neighborhoods has its own unique character and advantages, such as attractive homes, a peaceful environment, and beautiful parks. For example, Goodyear Heights is a comfortable neighborhood with attractive homes, perfect for raising children, while Highland Square is an eclectic community full of culture and life.
What are some fun things to do in Akron?
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There are plenty of fun things to do in Akron, including visiting Stan Hywet Hall & Gardens, the Akron Zoo, and the Akron Civic Theatre. You can also explore the city's downtown area, which features a variety of shops, restaurants, and entertainment venues. If you're looking for outdoor activities, Akron has several parks and nature reserves, such as the Summit County Metro Parks. Additionally, the city hosts various events and festivals throughout the year, such as the Akron Arts Festival and the National Hamburger Festival.
What is the food scene like in Akron?
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Akron's food scene is diverse and vibrant, with a wide range of restaurants serving everything from Italian and Mexican cuisine to gourmet grilled cheese and steak. Some popular restaurants include Dante Boccuzzi Akron, Fleming's Prime Steakhouse, The Lockview, and Luigi's Restaurant. There are also plenty of great food trucks and cafes throughout the city, offering everything from tacos to coffee and pastries. Whether you're in the mood for something classic and comforting or new and adventurous, Akron's food scene has something for everyone.
What are the pros and cons of living in Akron?
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One of the pros of living in Akron is its affordable cost of living, with lower housing costs and taxes compared to other cities in the United States. The city also has a rich cultural scene, with a variety of museums, theaters, and music venues. However, one of the cons of living in Akron is its economy, which has struggled in recent years, leading to higher unemployment rates and poverty levels. Additionally, the city's infrastructure and public transportation system could be improved. Overall, Akron is a great place to live for those who value affordability, culture, and community, but may not be the best fit for those looking for a thriving job market or modern amenities.
Is Akron a good place to live?
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Akron can be a good place to live, depending on your individual preferences and priorities. The city has a lot to offer, including a rich cultural scene, affordable housing, and a strong sense of community. However, it also faces challenges such as economic decline and limited job opportunities. Ultimately, whether or not Akron is a good place to live depends on what you're looking for in a city and what your priorities are. If you value affordability, culture, and community, and are willing to overlook some of the city's challenges, then Akron may be a great fit for you.
⭐ 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 Akron OH Commercial Property: $33,909
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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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