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Andalusia, IL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Andalusia, Illinois Market population: 9K. 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 Andalusia AL Properties: 7.68%

πŸ“Š Avg Property Tax Rate For Andalusia AL Properties: 3.3000%

πŸ“Š Average Income For Andalusia AL Commercial Property: $34,375

Investor Questions For Andalusia AL

Common questions from investors exploring commercial real estate in Andalusia AL.

What's the overall investment potential of Andalusia, AL, considering its demographics and economy? +
Andalusia's 20.5% poverty rate, combined with an 88.2% health insurance coverage rate, suggests a relatively stable workforce, which is further supported by its top industries in Health Care & Social Assistance and Retail Trade, indicating a diverse economic base. The city's 24.4-minute average commute time and high rate of carpooling also suggest a strong infrastructure for residents.
How does the city's ethnic diversity and industry mix impact market demand for real estate investments? +
The city's ethnic diversity, with 73.1% White, 22.4% Black or African American, and 1.4% Asian populations, contributes to a relatively stable market, while its top industries in Health Care & Social Assistance, Retail Trade, and Manufacturing drive demand for housing and commercial properties. This diversity, paired with a median household income of $34,375, indicates a working-class market with potential for growth.
What are the key factors influencing the quality of life in Andalusia, AL, and how do they affect real estate investments? +
Andalusia's quality of life is characterized by a short 24.4-minute average commute time, a high health insurance coverage rate of 88.2%, and a relatively low poverty rate of 20.5%, all of which contribute to a stable and attractive environment for residents and investors alike. The high rate of homeownership, at 70.3%, also suggests a strong sense of community and investment in the area.
How does the city's economic inequality and poverty rate impact the real estate market, particularly for rental properties? +
Andalusia's GINI coefficient of 0.463 indicates a moderate level of economic inequality, while its 20.5% poverty rate suggests that a significant portion of the population may be rent-burdened. However, the city's strong health insurance coverage rate and short commute times may help mitigate these effects, making it an attractive location for rental properties catering to the working class.
What role do the city's commute methods and transportation infrastructure play in assessing its investment potential? +
The fact that 86.2% of residents drive alone to work, paired with a relatively short average commute time of 24.4 minutes, indicates a well-developed transportation infrastructure that supports the local workforce. This, combined with the city's high health insurance coverage rate and diverse industry mix, suggests a stable and attractive environment for real estate investments, particularly those catering to commuters and working-class families.

Andalusia AL Real Estate & City Facts

Key facts and real estate information about Andalusia AL.

What are some of the best neighborhoods to live in Andalusia? +
Some of the best neighborhoods to live in Andalusia include E 3 Notch St, Carolina, and other family-friendly areas known for their cleanliness and safety. These neighborhoods offer a peaceful atmosphere and are close to local amenities.
What are some fun things to do in Andalusia? +
Andalusia has a variety of things to do, including visiting the Open Pond Recreation Area, Kirkpatrick Park, Robinson Park, and Build A Dream Park. You can also explore the Conecuh National Forest, go to the Boggs & Boulders Off Road Adventure Park and Campground, or catch a show at the LAAC Gallery.
What is the food scene like in Andalusia? +
The food scene in Andalusia includes a range of options, such as Italian restaurants like Ophelia's Italian Restaurant and Da' Matteo Ristorante Pizzeria, as well as traditional southern cuisine and award-winning barbecue. There are also plenty of great food trucks and local eateries to try.
What are the pros and cons of living in Andalusia? +
The pros of living in Andalusia include its peaceful atmosphere, family-friendly neighborhoods, and variety of outdoor activities. However, some cons include a relatively high poverty rate and limited job opportunities. Overall, Andalusia is a great place to live for those who value a close-knit community and a relaxed pace of life.
Is Andalusia a good place to live? +
Andalusia is a good place to live for those who are looking for a peaceful and family-friendly community. While it may have some drawbacks, such as limited job opportunities, the city's natural beauty, outdoor recreational activities, and friendly residents make it an attractive option for many people. Ultimately, whether or not Andalusia is a good place to live depends on your individual priorities and preferences.
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