Bloomington, ID Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Bloomington, Idaho Market population: 77K. Explore income-producing properties with verified cap rates and operating...
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⭐ 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
📊 Avg Property Tax Rate For Bloomington IL Properties: 2.0800%
📊 Average Income For Bloomington IL Commercial Property: $61,664
Investor Questions For Bloomington IL
Common questions from investors exploring commercial real estate in Bloomington IL.
What is the overall investment potential of Bloomington, IL, considering its demographic and economic factors?
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Bloomington, IL, with a population of 77,293 and a median age of 33.8, presents a stable investment market, given its median household income of $61,664 and a relatively high poverty rate of 12.6%, which is somewhat mitigated by a high health insurance coverage rate of 94.3%, indicating a degree of employment stability and access to healthcare for its residents.
How does the ethnic diversity and industry landscape of Bloomington influence its real estate market?
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The city's ethnic diversity, with top ethnicities being White (42.9%), White Non-Hispanic (40.8%), and Black (5.8%), alongside its foreign-born rate of 6.4%, suggests a culturally rich and potentially vibrant market. The top industries, including Finance & Insurance, Real Estate & Rental & Leasing, Wholesale Trade, and Information, contribute to a strong economic base, which can drive demand for housing and commercial properties.
What insights can be gleaned from Bloomington's housing market and quality of life metrics for real estate investment?
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With a median property value of $161,000 and median property taxes of $19,347, Bloomington's housing market appears relatively stable. The average commute time of 16.1 minutes and high health insurance coverage rate of 94.3% indicate good quality of life, which can attract and retain residents, thereby supporting the local real estate market.
How do poverty rates, commute times, and health insurance coverage interact to influence tenant quality and market stability in Bloomington?
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The 12.6% poverty rate combined with 94.3% health insurance coverage suggests a working-class market with a degree of employment stability. The 16.1-minute average commute time and the prevalence of drove alone, worked at home, and carpooled commute methods indicate solid infrastructure for renters, potentially leading to a stable tenant base.
What role do income inequality, homeownership rates, and top industries play in assessing the viability of real estate investments in Bloomington?
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Bloomington's GINI coefficient of 0.46 indicates a moderate level of income inequality, which investors should consider when evaluating potential returns. The homeownership rate of 61.2% suggests a significant portion of the population is invested in the local housing market. The dominance of industries like Finance & Insurance and Real Estate & Rental & Leasing points to a local economy that can support a variety of real estate investment strategies, from residential to commercial properties.
Bloomington IL Real Estate & City Facts
Key facts and real estate information about Bloomington IL.
What are some of the best neighborhoods to live in Bloomington?
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Some of the best neighborhoods to live in Bloomington include Hillcrest/Clearwater Park, Prospect Hill, and the Near Westside. These neighborhoods are known for being peaceful, family-friendly, and close to downtown and bus stops. Other desired areas tend to be in the northeast parts of the city, while more affordable homes are in the south regions. Neighborhoods like Hawthorne, Hawthorne Hills, Hedgewood, and Eagle Crest are also popular.
What are some fun things to do in Bloomington?
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There are plenty of fun things to do in Bloomington, such as visiting the David Davis Mansion State Historic Site, Miller Park Zoo, and the McLean County Museum of History. You can also explore the beautiful nature areas, check out the unique eateries, and visit the Children's Museum. If you're looking for something cool and unusual, you can discover hidden attractions like Dorothy's Grave or Charles 'Old Hoss' Radbourn's grave.
What is the food scene like in Bloomington?
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I was unable to find information about the food scene in Bloomington using the available tools.
What are the pros and cons of living in Bloomington?
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The pros of living in Bloomington include its peaceful and family-friendly neighborhoods, beautiful nature areas, and unique eateries. However, the cons may include a higher cost of living in certain areas, and some residents may find the city to be too small or lacking in certain amenities. Additionally, the city has a poverty rate of 12.6% and an income inequality rate of 0.46, which may be a concern for some residents.
Is Bloomington a good place to live?
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Bloomington can be a good place to live for those who value a peaceful and family-friendly community, with access to beautiful nature areas and unique eateries. However, it ultimately depends on individual preferences and priorities. The city has its pros and cons, and residents should be aware of the potential drawbacks, such as a higher cost of living in certain areas and income inequality. Nevertheless, Bloomington has a lot to offer, and many residents enjoy its small-town charm and sense of community.
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