Coeur d'Alene, ID Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Coeur d'Alene, Idaho Market population: 55K. Compare commercial properties across all major asset classes...
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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
π Avg Property Tax Rate For Coeur d'Alene ID Properties: 4.3450%
π Average Income For Coeur d'Alene ID Commercial Property: $52,746
Investor Questions For Coeur d'Alene ID
Common questions from investors exploring commercial real estate in Coeur d'Alene ID.
What is the overall investment potential of Coeur d'Alene, ID, considering its demographic and economic factors?
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Coeur d'Alene, ID, with a population of 54,622 and a median age of 38.4, presents a stable investment market, given its relatively low poverty rate of 10.2% and high health insurance coverage of 95.1%, indicating a working-class market with employment stability. The top industries, including Retail Trade, Healthcare & Social Assistance, and Accommodation & Food Services, suggest a diverse economic base. Additionally, the city's low average commute time of 20.4 minutes and high rate of health insurance coverage contribute to its attractiveness as an investment destination.
How does the ethnic diversity and industry mix in Coeur d'Alene impact the demand for real estate investments?
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The ethnic diversity in Coeur d'Alene, with a predominant White population (95.6%) and a smaller but present Hispanic community (2.5%), combined with its top industries, including Retail Trade, Healthcare & Social Assistance, and Accommodation & Food Services, suggests a market with a stable demand for housing. The foreign-born rate of 2.3% is relatively low, indicating a less transient population, which can contribute to a more stable rental market. Furthermore, the median household income of $52,746 and the employment rate of 27,101 employed individuals support the potential for rental income stability.
What are the implications of Coeur d'Alene's housing market characteristics, such as median property value and homeownership rate, for real estate investors?
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The median property value of $283,400 and the homeownership rate of 65.1% in Coeur d'Alene suggest a relatively stable and potentially growing housing market. The median property taxes of $2,234 are a consideration for investors, but the overall affordability and the presence of a sizable rental market (34.9% of the population) indicate opportunities for both rental income and potential long-term appreciation. The combination of these factors with the city's low poverty rate and high health insurance coverage rate supports the viability of real estate investments in the area.
How do quality of life factors, such as commute time and health insurance coverage, influence the attractiveness of Coeur d'Alene as an investment location?
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The average commute time of 20.4 minutes in Coeur d'Alene is notably low, suggesting good infrastructure and accessibility, which can enhance the quality of life for residents and potentially increase demand for housing. When combined with the high health insurance coverage rate of 95.1%, these factors indicate a stable and healthy population, which is beneficial for maintaining consistent rental income and property values. The top commute methods, with 81.2% driving alone and 7.3% working from home, also point to a flexible and potentially resilient workforce.
What role do economic indicators, such as the GINI coefficient and unemployment rate, play in assessing the investment risk and potential in Coeur d'Alene?
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The GINI coefficient of 0.443 and the unemployment rate of 3.4% in Coeur d'Alene suggest a relatively equitable distribution of income and a low level of unemployment, respectively. These economic indicators, when considered alongside the median household income of $52,746 and the employed population of 27,101, point to a stable economic environment. This stability can reduce investment risk and support the potential for long-term growth in property values and rental incomes, making Coeur d'Alene an attractive location for real estate investments.
Coeur d'Alene ID Real Estate & City Facts
Key facts and real estate information about Coeur d'Alene ID.
What are some of the best neighborhoods to live in Coeur d'Alene?
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Some popular neighborhoods in Coeur d'Alene include the downtown area, which offers a mix of old and new homes, and the surrounding suburbs, which provide a more laid-back atmosphere. However, the best neighborhood for you will depend on your personal preferences and priorities.
What are some fun things to do in Coeur d'Alene?
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Coeur d'Alene has a variety of activities to enjoy, including visiting the Coeur d'Alene Lake, exploring the Tubbs Hill Nature Trails, and strolling through the Coeur d'Alene City Park and Independence Point. You can also visit the Museum of North Idaho to learn about the area's history and culture.
What is the food scene like in Coeur d'Alene?
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Coeur d'Alene has a growing food scene, with a range of restaurants serving everything from comfort food to craft beer. Some popular spots include The Garnet Cafe, Daft Badger Brewing, and The Cedars Floating Restaurant. There are also plenty of great food trucks and local eateries to try.
What are the pros and cons of living in Coeur d'Alene?
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Pros of living in Coeur d'Alene include its natural beauty, outdoor recreation opportunities, and small-town charm. However, some cons include the city's relatively high cost of living and limited job opportunities in certain industries. Ultimately, whether Coeur d'Alene is a good fit for you will depend on your individual priorities and lifestyle.
Is Coeur d'Alene a good place to live?
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Coeur d'Alene can be a great place to live for those who value outdoor recreation, a strong sense of community, and a relatively slow pace of life. While it may not be the best fit for everyone, the city's unique blend of natural beauty and small-town charm makes it an attractive option for many people.
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