Big Lake, MN High Income Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Big Lake, Minnesota Market population: 10K. Browse multifamily, office, retail, industrial, and mixed-use investment...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Big Lake MN Properties: 1.0800%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Big Lake MN
Common questions from investors exploring commercial real estate in Big Lake MN.
What's the overall investment potential of Big Lake, MN?
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With a median household income of $67,500 and a relatively low poverty rate of 7.8%, Big Lake presents a stable investment market, further supported by its high health insurance coverage of 96.0% and a strong employment base in industries like Professional, Scientific, & Management, & Administrative & Waste Management Services.
How does the commute time and health insurance coverage impact the rental market?
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The average commute time of 34.7 minutes, although somewhat lengthy, is mitigated by the prevalence of drove alone, carpooling, and working from home commute methods, indicating flexibility and potentially less stress for renters, which when combined with the high health insurance coverage rate of 96.0%, suggests a stable and healthy tenant base.
What role does ethnic diversity play in the demand for real estate in Big Lake?
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The ethnic diversity, led by White (46.6%) and White Non-Hispanic (44.9%) populations, with a smaller but present Hispanic (3.7%) community, contributes to a varied demand for housing, potentially supporting a range of property types and investments, especially considering the top industries which could attract a diverse workforce.
How do property values and taxes influence the investment decision in Big Lake?
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The median property value of $157,200 paired with median property taxes of $2,785 suggests a relatively balanced cost structure for investors, considering the median household income is $67,500 and the poverty rate is 7.8%, indicating a potential for stable property appreciation and rental income, especially in a market with a high homeownership rate of 84.8%.
What insights can be gleaned from the income inequality and employment data for real estate investment?
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The GINI coefficient of 0.324, indicating moderate income inequality, combined with an employed population of 5,209 and top industries in professional services and public administration, suggests a market with a stable and potentially growing workforce, which can support demand for housing and contribute to the stability of real estate investments in Big Lake, MN.
Big Lake MN Real Estate & City Facts
Key facts and real estate information about Big Lake MN.
What are some of the best neighborhoods to live in Big Lake?
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Some of the best neighborhoods to live in Big Lake include Downtown Big Lake, which is known for its walkability and safe, quiet streets, and Prairie Meadows, a peaceful and family-friendly neighborhood with well-kept homes and green spaces.
What are some fun things to do in Big Lake?
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There are plenty of fun things to do in Big Lake, including visiting Wright's Crossing Park, Lupulin Brewing, and Fudgin Delicious Ice Cream & Hom Decor. You can also enjoy water sports on Big Lake and Lake Mitchell, or check out the Big Lake Community Education calendar for upcoming events.
What is the food scene like in Big Lake?
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The food scene in Big Lake is varied and delicious, with options like Willy's On The Water, CHAR BLU, Porzana, and Baldamar. There are also plenty of great food trucks and hidden gem restaurants in the area, such as Indian Masala and Suzette's Restaurant.
What are the pros and cons of living in Big Lake?
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The pros of living in Big Lake include its peaceful and family-friendly atmosphere, with plenty of outdoor activities and community events to enjoy. However, some cons might include the limited number of restaurants and shops in the area, and the need to travel to nearby cities for more amenities. Overall, Big Lake is a great choice for those who value a quiet, small-town lifestyle.
Is Big Lake a good place to live?
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Yes, Big Lake is a good place to live, especially for families and those who enjoy outdoor activities. The city has a strong sense of community, with plenty of parks, lakes, and green spaces to enjoy. While it may not have all the amenities of a larger city, Big Lake's peaceful atmosphere and natural beauty make it an attractive choice for those looking for a relaxed, small-town lifestyle.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Big Lake MN Commercial Property: $67,500
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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