Albion, IA Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Albion, Iowa Market population: 9K. 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 Albion MI Properties: 1.2400%
⭐ 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 Albion MI
Common questions from investors exploring commercial real estate in Albion MI.
What's the overall investment potential of Albion, MI, considering its demographics and economy?
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Albion's 30.7% poverty rate and $25,382 median household income suggest a challenging market, but the 91.4% health insurance coverage and 17.1-minute average commute time indicate a relatively stable workforce, which could be attractive for investors targeting affordable housing or workforce development projects, particularly given the city's top industries in Public Administration and Manufacturing.
How does the city's ethnic diversity and industry mix impact demand for real estate investments?
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The diverse population, with 36.8% White, 34.4% White Non-Hispanic, and 21.7% Black, combined with top industries like Transportation & Warehousing and Utilities, suggests a strong demand for housing and commercial properties that cater to a multicultural workforce, especially considering the relatively low median property value of $63,700 and median property taxes of $1,722.
What are the implications of Albion's poverty rate and health insurance coverage for real estate investors?
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The 30.7% poverty rate combined with 91.4% health insurance coverage suggests a working-class market with some employment stability, which could be favorable for investors focusing on affordable rentals or community development projects, particularly given the city's high homeownership rate of 58.5% and relatively short average commute time of 17.1 minutes.
How do commute times and transportation methods in Albion affect the quality of life and attractiveness to investors?
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The short 17.1-minute average commute time and top commute methods of driving alone, walking, or carpooling indicate a relatively convenient and accessible city, which enhances the quality of life for residents and could make Albion more appealing to investors looking for stable, long-term rental income or redevelopment opportunities, especially in areas with high demand from the employed population of 2,932.
What role do income inequality and median household income play in assessing Albion's real estate investment potential?
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The GINI coefficient of 0.473, indicating moderate income inequality, combined with a median household income of $25,382, suggests that investors should focus on affordable housing solutions or workforce development projects that cater to the needs of low- to moderate-income households, which could be supported by the city's top industries and relatively low median property value, making it an attractive market for community-focused investments.
Albion MI Real Estate & City Facts
Key facts and real estate information about Albion MI.
What are some of the best neighborhoods to live in Albion?
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Some of the best neighborhoods to live in Albion include Devereaux & Gibbs, which is known for its community spirit and beautiful parks. Other desirable areas tend to be in the central parts of the city, while more affordable homes are in the west regions. Neighborhoods like Dearborn Heights offer a median home value of $161,200, making them a great option for those looking for affordability.
What are some fun things to do in Albion?
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There are plenty of fun things to do in Albion, such as visiting the Bohm Theater, exploring the Kids 'N' Stuff Children's Museum, or taking a stroll along the Albion River Trail. You can also check out the Gardner House Museum, Superior Street Mercantile, or grab a bite to eat at one of the many local restaurants like Albion Malleable Brewing Company or La Casa Mexicana.
What is the food scene like in Albion?
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The food scene in Albion is diverse and delicious, with a range of options to suit every taste. You can find everything from classic American fare at Albion Malleable Brewing Company to Mexican cuisine at La Casa Mexicana. There are also plenty of great cafes like Stirling Books & Brew, and restaurants like Galazio Restaurant and Lopez Taco House. Whether you're in the mood for something familiar or wanting to try something new, Albion's got you covered.
What are the pros and cons of living in Albion?
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Living in Albion has its pros and cons. On the plus side, the city has a strong sense of community, with many beautiful parks and a vibrant downtown area. The cost of living is also relatively low, making it an attractive option for those looking for affordability. However, some areas of the city may have higher crime rates, and the job market can be limited. Additionally, the city's poverty rate is around 30.7%, which can be a challenge for some residents. Overall, Albion is a great option for those who value community and affordability, but may not be the best fit for everyone.
Is Albion a good place to live?
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Albion can be a great place to live, depending on your individual needs and preferences. The city has a lot to offer, from its beautiful parks and vibrant downtown area to its diverse food scene and strong sense of community. However, it's also important to consider the potential challenges, such as limited job opportunities and higher crime rates in some areas. Ultimately, whether or not Albion is a good place to live will depend on your personal priorities and what you're looking for in a community. If you value affordability, community, and a small-town feel, Albion 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 Albion MI Commercial Property: $25,382
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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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