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Avon, IL High Income Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Avon, Illinois Market population: 21K. Browse multifamily, office, retail, industrial, and mixed-use investment opportunities....

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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 Avon OH Properties: 7.68%

πŸ“Š Avg Property Tax Rate For Avon OH Properties: 1.9200%

πŸ“Š Average Income For Avon OH Commercial Property: $82,603

Investor Questions For Avon OH

Common questions from investors exploring commercial real estate in Avon OH.

What is the overall investment potential of Avon, OH, considering its demographic and economic factors? +
Avon, OH presents a stable investment market, with a median household income of $82,603, a relatively low poverty rate of 3.9%, and a high health insurance coverage rate of 97.8%, indicating a strong and stable tenant base. The top industries, including Wholesale Trade and Finance & Insurance, contribute to the local economy's diversity and resilience. With a median property value of $249,100 and an average commute time of 25.9 minutes, Avon offers an attractive balance of affordability and accessibility.
How does the ethnic diversity and industry mix in Avon, OH impact the demand for real estate investments? +
The ethnic diversity in Avon, OH, with top ethnicities including White (46.7%) and White Non-Hispanic (45.7%), suggests a culturally rich and potentially vibrant community. The presence of top industries such as Wholesale Trade, Finance & Insurance, and Information contributes to a diverse economy, which can drive demand for real estate investments. Additionally, the city's relatively low poverty rate of 3.9% and high health insurance coverage rate of 97.8% indicate a stable and employed population, further supporting the demand for housing and commercial properties.
What are the key factors influencing the quality of life in Avon, OH, and how do they impact real estate investments? +
The quality of life in Avon, OH is influenced by factors such as the average commute time of 25.9 minutes, which is relatively short, and the high health insurance coverage rate of 97.8%, indicating access to quality healthcare. The top commute methods, including driving alone and working from home, suggest flexibility and convenience. These factors contribute to a high quality of life, making Avon an attractive location for residents and, in turn, supporting the demand for real estate investments. The city's low poverty rate of 3.9% and high median household income of $82,603 also contribute to a stable and desirable community.
How does the poverty rate and health insurance coverage in Avon, OH affect the tenant quality and stability for real estate investors? +
The poverty rate of 3.9% in Avon, OH, combined with a high health insurance coverage rate of 97.8%, suggests a working-class market with employment stability and access to healthcare. This demographic profile indicates a lower risk of tenant default and higher potential for long-term leases, making Avon an attractive location for real estate investors seeking stable and reliable returns. The city's strong economy, with top industries such as Wholesale Trade and Finance & Insurance, further supports the stability and quality of the tenant base.
What role do the top industries and commute methods play in shaping the real estate market in Avon, OH, and what opportunities do they present for investors? +
The top industries in Avon, OH, including Wholesale Trade, Finance & Insurance, and Information, contribute to a diverse and resilient local economy, driving demand for commercial and residential properties. The commute methods, with a high percentage of residents driving alone or working from home, suggest a need for convenient and accessible housing options. These factors present opportunities for investors to develop or acquire properties that cater to the needs of the local workforce, such as mixed-use developments or properties with flexible commuting options, potentially generating strong returns on investment.

Avon OH Real Estate & City Facts

Key facts and real estate information about Avon OH.

What are some of the best neighborhoods to live in Avon? +
Some of the best neighborhoods to live in Avon include Mills/Nagel S East, Avenbury Lakes, and Westlake. These neighborhoods are known for their family-friendly environment, dog-friendly spaces, and safety. Additionally, areas like Rocky River, Bay Village, and North Olmsted are also popular choices for those looking to live in the Avon area.
What are some fun things to do in Avon? +
There are plenty of fun things to do in Avon, including visiting the Miller Nature Preserve, Sprenger Stadium, and Railroad Brewing Company. You can also check out the Great Lakes Science Center, Scene75 Entertainment Center, and the Avon Senior Center for some exciting programs and events. If you're looking for outdoor activities, you can head to the Storybook Trail at Avon Lake Library or play at the beach in Bay Village.
What is the food scene like in Avon? +
The food scene in Avon is diverse and exciting, with a range of restaurants to choose from. Some popular spots include Antica Italian Kitchen & Bar, Avon Brewing Co., and Fujiyama Steak House. You can also find great Mexican food at Fiesta Habaneros or Mezquite, and enjoy some delicious pancakes at The Original Pancake House. Additionally, there are plenty of great food trucks and local eateries to explore.
What are the pros and cons of living in Avon? +
The pros of living in Avon include its family-friendly environment, safe neighborhoods, and plenty of outdoor activities to enjoy. However, some cons include the relatively high cost of living, traffic, and limited public transportation options. Additionally, some areas of Avon can be quite crowded, especially during peak season. Overall, Avon is a great place to live for those who value a strong sense of community and plenty of amenities.
Is Avon a good place to live? +
Yes, Avon is a good place to live, offering a unique blend of small-town charm and big-city amenities. With its safe neighborhoods, excellent schools, and plenty of things to do, Avon is an attractive choice for families, young professionals, and retirees alike. While it may have some drawbacks, the pros of living in Avon far outweigh the cons, making it a great place to call home.
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