Byron, NE High Income Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Byron, Nebraska Market population: 5K. Browse multifamily, office, retail, industrial, and mixed-use investment opportunities....
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2 properties found
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📊 Avg Property Tax Rate For Byron MN Properties: 1.6400%
⭐ Featured
190 Manhattan Ave, Buffalo, NY – Prime Multifamily Investment with 7.56% Cap Rate
$6,500,000
Buffalo
Multifamily
Cap Rate
7.56%
NOI
$491,400
Size
65,000 SF
📊 Average Income For Byron MN Commercial Property: $72,063
⭐ Featured
Prime Buffalo Multifamily Investment: 12-Unit Apartment Building with 6.16% Cap Rate
$1,750,000
Buffalo
Multifamily
Cap Rate
6.16%
NOI
$107,842
Size
8,640 SF
Investor Questions For Byron MN
Common questions from investors exploring commercial real estate in Byron MN.
What's the overall investment potential of Byron, MN, considering its demographic and economic factors?
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Byron, MN, with a population of 4,957 and a median age of 31.8, presents a stable investment environment, given its median household income of $72,063 and a relatively low poverty rate of 3.6%, which is further bolstered by a high health insurance coverage rate of 96.2% and a short average commute time of 21 minutes.
How does the ethnic diversity and industry landscape of Byron, MN, influence its real estate market?
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The top ethnicities in Byron, MN, including White (48.3%) and White Non-Hispanic (48.0%), alongside its diverse industries such as Transportation & Warehousing and Professional, Scientific, & Management Services, suggest a culturally and economically vibrant community, which can contribute to a stable and potentially growing real estate market, especially with an employed population of 2,798 and a high homeownership rate of 85.0%.
What are the key factors indicating the quality of life in Byron, MN, and how do they impact real estate investment?
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The quality of life in Byron, MN, is indicated by its low poverty rate of 3.6%, high health insurance coverage of 96.2%, and a relatively short average commute time of 21 minutes, with top commute methods including driving alone, working from home, and carpooling, suggesting a convenient and healthy living environment that can attract tenants and potentially increase property values over time, such as the current median property value of $167,900.
How does the income inequality and poverty rate in Byron, MN, affect the tenant quality and market stability?
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Byron, MN's income inequality, measured by a GINI coefficient of 0.375, combined with its low poverty rate of 3.6% and high health insurance coverage of 96.2%, suggests a relatively stable and healthy tenant base, which is crucial for maintaining consistent rental income and low vacancy rates, making it an attractive location for real estate investors looking for stable returns, especially in a market with a median household income of $72,063.
What insights can be gleaned from the homeownership rate and median property taxes in Byron, MN, for real estate investment purposes?
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The high homeownership rate of 85.0% in Byron, MN, along with median property taxes of $1,341, indicates a strong preference for owning over renting, which can influence the rental market's dynamics, and with a median property value of $167,900, investors should consider the balance between property appreciation potential and the cost of ownership, including taxes, in their investment strategies, particularly in a market with a relatively low poverty rate and high employment rate.
Byron MN Real Estate & City Facts
Key facts and real estate information about Byron MN.
What are some of the best neighborhoods to live in Byron?
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Some of the best neighborhoods to live in Byron, MN, are Baihly Woodlands, Hart Farms, Baihly Meadows, Southern Hills, Golfview, Folwell, Historic Southwest, Northwest Rochester, Stonehedge Townhomes, Viking Park, Apple Hill. These neighborhoods offer a safe and small-town feel, with easy access to neighboring towns like Rochester for greater job opportunities.
What are some fun things to do in Byron?
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Byron, MN, has a variety of fun activities to offer, including visiting the Flat Creek Public Fishing Area, attending the Powersville Opry for country and gospel music, and exploring the local parks and trails. You can also check out the Somerby Golf Club, Oxbow Park, or Squash Blossom Farm for outdoor activities and entertainment.
What is the food scene like in Byron?
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The food scene in Byron, MN, features a range of restaurants, including Spoons Kitchen for breakfast, Schoenies Pizza, Happy China, TT's Tilted Tavern, and Bears Den Sports Bar & Eatery. There are also plenty of great food trucks and delivery options available through services like Uber Eats, which partners with local restaurants like Pizza Hut and Broadway Pizza.
What are the pros and cons of living in Byron?
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The pros of living in Byron, MN, include its safe and small-town feel, with easy access to neighboring towns like Rochester for greater job opportunities. However, some cons include the limited number of job opportunities within Byron itself, which may require a commute to nearby towns. Additionally, the town's small size may limit the availability of certain amenities or services.
Is Byron a good place to live?
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Byron, MN, can be a great place to live for those who value a safe and small-town feel, with easy access to neighboring towns for job opportunities and amenities. While it may have some limitations in terms of job opportunities and services within the town itself, the community's friendly atmosphere and outdoor recreational activities make it an attractive option for families and individuals looking for a quiet and peaceful place to call home.
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