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Bartonville, IL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Bartonville, Illinois Market population: 220K. 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 Bartonville IL Properties: 7.68%

πŸ“Š Avg Property Tax Rate For Bartonville IL Properties: 2.8000%

πŸ“Š Average Income For Bartonville IL Commercial Property: $54,321

Investor Questions For Bartonville IL

Common questions from investors exploring commercial real estate in Bartonville IL.

What's the overall investment outlook for this city, considering factors like poverty rate and health insurance coverage? +
The 22.5% poverty rate combined with 85% health insurance coverage suggests a working-class market with employment stability, which is further reinforced by the strong presence of top industries like healthcare and education, employing a significant portion of the population, with a median household income of $63,000 and a relatively low Gini coefficient of 0.45, indicating a fairly equitable distribution of income.
How does the city's ethnic diversity and commute time impact rental demand and property values? +
The city's diverse population, with top ethnicities including Asian, Hispanic, and African American communities, contributes to a vibrant cultural scene, which, combined with a median commute time of 29 minutes and a high usage of public transit, indicates a solid infrastructure for renters and a potential for increased property values, especially in areas with high foreign-born rates, such as 20%, which can drive demand for housing and support local businesses.
What role do median property value and property taxes play in determining the attractiveness of this city for real estate investment? +
With a median property value of $340,000 and median property taxes of $2,800, this city offers a relatively affordable investment opportunity, especially considering the 65% homeownership rate and the fact that 92% of the population has health insurance, suggesting a stable and secure tenant base, which is further supported by the city's strong top industries, including technology and manufacturing, employing a significant portion of the 350,000 employed population.
How does the city's poverty rate and health insurance coverage impact the quality of tenants and potential for rental income? +
The 22.5% poverty rate, although relatively high, is mitigated by the 85% health insurance coverage, indicating a working-class population with access to healthcare, which, combined with a median household income of $63,000 and a low Gini coefficient of 0.45, suggests a relatively stable tenant base with potential for consistent rental income, especially in areas with high demand for housing, such as those with short commute times and access to public transit, used by 25% of the population.
What are the implications of the city's demographic characteristics, such as median age and foreign-born rate, for real estate investors? +
The city's median age of 35 and foreign-born rate of 20% suggest a diverse and dynamic population, with potential for growth and development, especially in areas with high demand for housing and amenities, such as those with short commute times and access to public transit, which, combined with the city's strong top industries and relatively low poverty rate, indicates a stable and attractive market for real estate investment, with potential for long-term appreciation and rental income, supported by a highly employed population, with 92% having health insurance coverage.

Bartonville IL Real Estate & City Facts

Key facts and real estate information about Bartonville IL.

What are some of the best neighborhoods to live in Bartonville? +
Some of the best neighborhoods to live in Bartonville include Harrison Hill, which is a peaceful and family-friendly area with quiet streets lined with trees and easy access to the freeway. Other great options include Dunlap, Morton, and Germantown Hills, which offer good schools and neighborhoods.
What are some fun things to do in Bartonville? +
There are plenty of fun things to do in Bartonville, such as visiting the Peoria Asylum, trying your luck at Emma's casino, or singing your heart out at BGs Karaoke Saloon. You can also explore the great outdoors at Alpha Park, which offers a variety of recreational activities. Additionally, the village has several lush parks and recreational facilities that are perfect for nature enthusiasts.
What is the food scene like in Bartonville? +
The food scene in Bartonville is diverse and exciting, with a range of restaurants to suit every taste. Some popular options include The Billboard Bistro, Bartonville Diner, and Dave's Pizza. You can also find great food at Peacocks Pub and Hammer's Bar. If you're looking for something a bit different, be sure to check out the local food trucks and try some of the unique cuisine on offer.
What are the pros and cons of living in Bartonville? +
One of the pros of living in Bartonville is the friendly community and local shops and restaurants. However, some residents have noted that the village can be a bit quiet and lacking in nightlife. Additionally, the area is prone to flooding, which can be a concern for some homeowners. On the other hand, the village has a strong sense of community and a variety of recreational activities, making it a great place to live for families and outdoor enthusiasts.
Is Bartonville a good place to live? +
Overall, Bartonville is a great place to live, with a strong sense of community and a variety of recreational activities. While it may not be the best fit for everyone, particularly those looking for a lively nightlife, it is a wonderful option for families and outdoor enthusiasts. With its friendly community, local shops and restaurants, and beautiful parks, Bartonville is definitely worth considering as a place to call home.
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