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Annapolis, IL High Income Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Annapolis, Illinois Market population: 38K. Explore income-producing properties with verified cap rates and operating...

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⭐ Featured

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 Annapolis MD Properties: 7.68%

πŸ“Š Avg Property Tax Rate For Annapolis MD Properties: 1.0900%

πŸ“Š Average Income For Annapolis MD Commercial Property: $72,462

Investor Questions For Annapolis MD

Common questions from investors exploring commercial real estate in Annapolis MD.

What is the overall investment potential of Annapolis, MD? +
Annapolis, MD offers a stable investment market with a median household income of $72,462, a relatively low poverty rate of 10.0%, and a high health insurance coverage rate of 90.3%, indicating a strong and healthy workforce. The top industries, including Public Administration, Manufacturing, and Wholesale Trade, contribute to the city's economic stability. With a median property value of $377,200 and a homeownership rate of 54.6%, Annapolis presents a promising opportunity for real estate investors.
How does the demographic diversity of Annapolis impact the rental market? +
The demographic diversity of Annapolis, with top ethnicities including White (35.6%), White Non-Hispanic (31.5%), and Black (12.8%), contributes to a vibrant and inclusive community. The foreign-born rate of 10.2% and a median age of 37.6 also suggest a diverse and dynamic population, which can lead to a strong demand for rental properties. Additionally, the city's relatively low poverty rate and high health insurance coverage rate indicate a stable tenant base.
What are the key factors influencing the quality of life in Annapolis? +
The quality of life in Annapolis is influenced by several factors, including an average commute time of 26.4 minutes, with top commute methods being Drove Alone, Worked At Home, and Carpooled. The high health insurance coverage rate of 90.3% and a relatively low poverty rate of 10.0% also contribute to a stable and healthy community. Furthermore, the median household income of $72,462 and the top industries, including Public Administration and Manufacturing, provide a strong economic foundation.
How does the economic inequality in Annapolis affect the real estate market? +
The economic inequality in Annapolis, as measured by the GINI coefficient of 0.476, suggests a moderate level of income inequality. However, the median household income of $72,462 and the relatively low poverty rate of 10.0% indicate a strong and stable economy. The top industries, including Public Administration and Manufacturing, also contribute to the city's economic stability, making it an attractive location for real estate investment. Additionally, the high health insurance coverage rate of 90.3% and the median property value of $377,200 suggest a high level of investment potential.
What are the implications of the commute patterns and transportation options in Annapolis for real estate investors? +
The commute patterns and transportation options in Annapolis, with an average commute time of 26.4 minutes and top commute methods being Drove Alone, Worked At Home, and Carpooled, suggest a convenient and accessible location. The relatively low poverty rate of 10.0% and the high health insurance coverage rate of 90.3% also indicate a stable and healthy workforce, which can lead to a strong demand for rental properties. Furthermore, the median property value of $377,200 and the homeownership rate of 54.6% provide a promising opportunity for real estate investors to capitalize on the city's desirable location and transportation options.

Annapolis MD Real Estate & City Facts

Key facts and real estate information about Annapolis MD.

What are some of the best neighborhoods to live in Annapolis? +
Some of the best neighborhoods to live in Annapolis include Admiral Heights, Cape St Claire, Hillsmere, Sherwood Forest, and Eastport. These neighborhoods offer a range of amenities, including waterfront living, community beaches, and shopping centers. For example, Cape St. Claire is a cute and friendly neighborhood with a private community beach, while Hillsmere is a quiet, residential neighborhood with easy access to downtown Annapolis.
What are some fun things to do in Annapolis? +
Annapolis has a lot to offer when it comes to fun things to do. You can visit the U.S. Naval Academy, take a tour of the historic district, or explore the miles of shoreline along the Chesapeake Bay. Some popular attractions include the William Paca House and Garden, Quiet Waters Park, and the Sandy Point State Park. You can also take a stroll down Ego Alley, visit the historic homes in the downtown area, or attend one of the many festivals and events that take place throughout the year.
What is the food scene like in Annapolis? +
The food scene in Annapolis is thriving, with a range of restaurants serving up fresh seafood, traditional American cuisine, and international flavors. Some popular spots include the Boatyard Bar & Grill, Sailor Oyster Bar, and O'Learys Seafood Restaurant. You can also find great cocktails and pizza at places like Dry 85 and Fox's Den. And don't forget to try some of the famous Maryland crab cakes at Dockstreet or other local eateries. There are also plenty of great food trucks and markets to explore, offering everything from tacos to BBQ to gourmet grilled cheese.
What are the pros and cons of living in Annapolis? +
Living in Annapolis has its pros and cons. On the plus side, the city offers a unique blend of historic charm, waterfront living, and outdoor recreation opportunities. The downtown area is also home to a thriving arts and cultural scene, with numerous galleries, museums, and performance venues. However, some of the downsides of living in Annapolis include the high cost of living, particularly when it comes to housing and property taxes. Traffic and parking can also be a challenge, especially during peak tourist season. Additionally, some areas of the city can be quite crowded and noisy, especially near the waterfront and downtown areas.
Is Annapolis a good place to live? +
Overall, Annapolis is a great place to live for those who value a unique blend of history, culture, and outdoor recreation. While it may not be the most affordable option, the city offers a high quality of life, with good schools, low crime rates, and plenty of amenities and attractions to enjoy. However, it's worth carefully considering the pros and cons of living in Annapolis, and weighing the costs and benefits of making the city your home. With its rich history, stunning waterfront, and vibrant cultural scene, Annapolis is definitely worth considering for anyone looking for a unique and exciting place to call home.
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