Ellsworth, MN Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Ellsworth, Minnesota Market population: 8K. Explore income-producing properties with verified cap rates and operating...
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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 Ellsworth ME Properties: 1.5700%
⭐ 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 Ellsworth ME
Common questions from investors exploring commercial real estate in Ellsworth ME.
What's the overall investment outlook for Ellsworth, ME, considering its demographics and economy?
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The 8.3% poverty rate and 95.1% health insurance coverage in Ellsworth suggest a relatively stable market with access to employment and healthcare, which is further supported by its top industries in Health Care & Social Assistance, Retail Trade, and Manufacturing, indicating a diverse economic base.
How does the commute time and transportation infrastructure impact the quality of life for renters in Ellsworth?
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With an average commute time of 22.4 minutes and a high percentage of residents driving alone or carpooling, Ellsworth offers a convenient transportation infrastructure, which, combined with its 95.1% health insurance coverage, suggests a high quality of life for renters and potential for stable, long-term tenancies.
What role does ethnic diversity play in the demand for real estate in Ellsworth, and how might it affect investment?
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Although Ellsworth has a predominantly White population, its diversity is reflected in its 2.6% foreign-born rate and presence of various ancestries, which can contribute to a culturally rich community; this, coupled with its strong industries like Health Care & Social Assistance and Manufacturing, may attract a diverse workforce and thus influence real estate demand.
How do the median property value and property taxes in Ellsworth compare to other areas, and what does this mean for investors?
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With a median property value of $193,400 and median property taxes of $2,644, Ellsworth presents a relatively affordable investment opportunity compared to other regions, especially considering its low poverty rate of 8.3% and high health insurance coverage of 95.1%, which can indicate a lower risk for investors.
What insights can be gleaned from Ellsworth's employment and income inequality data for real estate investment purposes?
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The employed population of 3,854 and a GINI coefficient of 0.414 suggest a relatively balanced income distribution in Ellsworth, which, combined with its top industries and low poverty rate, indicates a stable workforce and potential for consistent rental income, making it an attractive location for real estate investment.
Ellsworth ME Real Estate & City Facts
Key facts and real estate information about Ellsworth ME.
What are some of the best neighborhoods to live in Ellsworth?
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Some of the best neighborhoods to live in Ellsworth include East Surry, Joyville, and Lakewood. East Surry is a peaceful and quiet neighborhood with clean, open spaces and abundant wildlife. Joyville and Lakewood are also popular neighborhoods with a mix of old and new homes.
What are some fun things to do in Ellsworth?
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There are plenty of fun things to do in Ellsworth, including visiting the Black House Museum at Woodlawn, exploring the Birdsacre-Stanwood Wildlife Sanctuary, and attending the free Waterfront Concerts in the summer. You can also check out the shops and restaurants on Main Street, visit the Ellsworth Historical Society, and take a walk along the riverside trails.
What is the food scene like in Ellsworth?
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The food scene in Ellsworth is diverse and delicious, with a range of restaurants serving everything from fresh seafood to Mexican cuisine. Some popular restaurants include the Union River Lobster Pot, Finn's Irish Pub, and Riverside Cafe. There are also plenty of great food trucks and cafes, such as Flexit Cafe and Bakery, which serves coffee, baked goods, and smoothies.
What are the pros and cons of living in Ellsworth?
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The pros of living in Ellsworth include its beautiful location near Acadia National Park, its charming downtown area with shops and restaurants, and its strong sense of community. However, some cons include the town's relatively small size, which can limit job opportunities and entertainment options. Additionally, the town's proximity to the park can make it a popular tourist destination, which can lead to crowds and traffic during the summer months.
Is Ellsworth a good place to live?
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Overall, Ellsworth is a great place to live for those who value a small-town atmosphere, outdoor recreation, and a strong sense of community. While it may not be the best fit for everyone, particularly those looking for a more urban lifestyle, it offers a unique and charming quality of life that makes it an attractive option for many people.
⭐ 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 Ellsworth ME Commercial Property: $53,419
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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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