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East Alton, IL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in East Alton, Illinois Market population: 6K. Explore income-producing properties with verified cap rates and...

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⭐ Featured

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 East Alton IL Properties: 7.68%

πŸ“Š Avg Property Tax Rate For East Alton IL Properties: 2.0900%

πŸ“Š Average Income For East Alton IL Commercial Property: $35,993

Investor Questions For East Alton IL

Common questions from investors exploring commercial real estate in East Alton IL.

What's the overall investment potential of East Alton, IL? +
The city's 18.0% poverty rate and $35,993 median household income suggest a working-class market, but the 91.4% health insurance coverage and 24.6-minute average commute time indicate a relatively stable employment environment, making it an attractive option for investors looking for affordable properties with potential for rental income.
How does the local economy impact real estate investment in East Alton? +
The top industries in East Alton, including Transportation & Warehousing and Manufacturing, contribute to a diverse economy, while the 61.0% homeownership rate and $76,400 median property value suggest a relatively stable housing market, with the 0.433 GINI coefficient indicating a moderate level of income inequality.
What are the key demographics that investors should consider in East Alton? +
The city's population of 6,254, with a median age of 42.2, and a foreign-born rate of 1.3%, suggests a relatively stable and homogeneous community, with the top ethnicities being White and White Non-Hispanic, which could impact the local culture and demand for certain types of properties.
How do quality of life metrics impact the attractiveness of East Alton as an investment destination? +
The 24.6-minute average commute time and 91.4% health insurance coverage rate suggest a high quality of life, with easy access to employment opportunities and healthcare, making it an attractive option for renters and investors looking for stable rental income, while the $1,778 median property taxes provide a relatively low cost of ownership.
What are the implications of the local housing market and employment rates for real estate investors? +
The 61.0% homeownership rate and $76,400 median property value, combined with the 2,779 employed population and 18.0% poverty rate, suggest a relatively stable housing market with potential for rental income, while the top industries and moderate income inequality indicate a diverse economy with opportunities for growth and investment.

East Alton IL Real Estate & City Facts

Key facts and real estate information about East Alton IL.

What are some of the best neighborhoods to live in East Alton? +
Some of the best neighborhoods to live in East Alton include East Alton-Rosewood Heights, which is known for being peaceful and family-friendly. Other neighborhoods like Fosterburg, Upper Alton, and Milton Area are also popular for their home appreciation rates. However, it's worth noting that the most desired areas tend to be in the northeast parts of the city, while more affordable homes are in the south regions.
What are some fun things to do in East Alton? +
There are plenty of fun things to do in East Alton, such as visiting the Confluence Tower and the Lewis & Clark Monument, or taking a scenic drive along the Great Rivers Scenic Route. You can also explore the Confluence Trail, visit the World's Tallest Man Statue, or check out the National Great Rivers Museum. Additionally, the nearby city of Alton offers attractions like the Alton Splash Pad and the Mysterious Mineral Springs.
What is the food scene like in East Alton? +
The food scene in East Alton is diverse and exciting, with a range of restaurants serving everything from spicy chicken to Southern sides. Some popular spots include Penalty Box Bar and Grill, Castelli's Restaurant at 255, Post Commons, and Rosewood Café. You can also find delicious treats at places like Bluff City Grill, Hops House, and Gumbo 2 Geaux. There are also plenty of great food trucks and casual eateries to try.
What are the pros and cons of living in East Alton? +
The pros of living in East Alton include its peaceful and family-friendly neighborhoods, affordable housing options, and access to outdoor recreational activities like hiking and biking. However, some cons include the city's relatively high poverty rate and limited job opportunities. Additionally, some areas of the city may have older infrastructure and limited amenities. Overall, East Alton can be a great place to live for those who value a quiet, small-town atmosphere and are willing to look beyond its limitations.
Is East Alton a good place to live? +
East Alton can be a good place to live for the right person. It offers a unique blend of small-town charm and access to outdoor recreation, as well as a range of affordable housing options. While it may not have all the amenities and job opportunities of a larger city, it can be a great choice for those who value a peaceful, family-friendly atmosphere and are willing to look beyond its limitations. Ultimately, whether or not East Alton is a good place to live depends on your individual priorities and preferences.
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