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Bellwood, IL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Bellwood, Illinois Market population: 19K. 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 Bellwood IL Properties: 7.68%

πŸ“Š Avg Property Tax Rate For Bellwood IL Properties: 4.0200%

πŸ“Š Average Income For Bellwood IL Commercial Property: $50,039

Investor Questions For Bellwood IL

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

What's the overall investment potential of Bellwood, IL? +
With a median household income of $50,039 and a relatively low poverty rate of 11.9%, Bellwood presents a stable investment market, further strengthened by its diverse economy with top industries in Information, Finance & Insurance, and Manufacturing, and a high health insurance coverage rate of 89.6% indicating a relatively healthy and secure population.
How does the commute time and transportation infrastructure impact rental demand? +
The average commute time of 30.1 minutes in Bellwood, combined with a range of commute methods including driving, public transit, and carpooling, suggests a well-connected city that can attract renters who value convenience and accessibility, particularly with the presence of public transit, which is often a key factor for renters.
What role does ethnic diversity play in the local real estate market? +
The ethnic diversity of Bellwood, with a population that is 59.3% Black, 16.4% Hispanic, and 9.5% White, contributes to a vibrant and inclusive community, which can support a diverse range of businesses and attractions, potentially enhancing the appeal and value of properties in the area, especially when combined with a strong employment base across various industries.
How do poverty rates and health insurance coverage affect the quality of tenants? +
The 11.9% poverty rate in Bellwood, while notable, is mitigated by an impressive 89.6% health insurance coverage rate, suggesting that many residents have access to employment opportunities that offer benefits, which can lead to a more stable tenant base with better financial security and less risk of default on rent payments.
What insights can be gleaned from the city's homeownership rate and property values? +
With a homeownership rate of 73.4% and a median property value of $140,200, Bellwood indicates a strong preference for owning over renting, which can influence rental demand and property appreciation, particularly in an area with relatively low poverty and high health insurance coverage, suggesting a community that values long-term investment in their homes and neighborhood.

Bellwood IL Real Estate & City Facts

Key facts and real estate information about Bellwood IL.

What are some of the best neighborhoods to live in Bellwood? +
Unfortunately, I was unable to find specific information on the best neighborhoods to live in Bellwood. However, I can suggest checking out online reviews or talking to locals to get a better sense of the different areas.
What are some fun things to do in Bellwood? +
There are plenty of fun things to do in Bellwood, including visiting the Underground Railroad, playing games at Game Show Battle Rooms - Chicago, and exploring the Taste of Melrose Park. You can also check out Kiddieland Amusement Park, La Trailita, or Adventure Bay Water Park for some outdoor fun.
What is the food scene like in Bellwood? +
Unfortunately, I was unable to find specific information on the food scene in Bellwood. However, I can suggest checking out online review sites such as Yelp to find highly-rated restaurants in the area.
What are the pros and cons of living in Bellwood? +
The pros of living in Bellwood include its proximity to Chicago and its relatively affordable housing options. However, the city also has a high crime rate and limited job opportunities, which may be drawbacks for some residents.
Is Bellwood a good place to live? +
Whether or not Bellwood is a good place to live depends on your individual priorities and preferences. If you're looking for an affordable place to live with easy access to Chicago, Bellwood may be a good option. However, if you're concerned about safety or job opportunities, you may want to consider other areas.
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