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Flossmoor, IL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Flossmoor, Illinois Market population: 9K. Explore income-producing properties with verified cap rates and operating...

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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 Flossmoor IL Properties: 7.68%

πŸ“Š Avg Property Tax Rate For Flossmoor IL Properties: 4.4500%

πŸ“Š Average Income For Flossmoor IL Commercial Property: $104,609

Investor Questions For Flossmoor IL

Common questions from investors exploring commercial real estate in Flossmoor IL.

What's the overall investment potential of Flossmoor, IL, considering its demographics and economy? +
Flossmoor's median household income of $104,609, combined with a low poverty rate of 4.2% and high health insurance coverage of 97.1%, suggests a stable and attractive market for investors, with a diverse population of Black or African American, White, and White Non-Hispanic residents.
How does the local economy impact the real estate market in Flossmoor, IL? +
The top industries in Flossmoor, including Health Care & Social Assistance, Educational Services, and Finance & Insurance, contribute to a strong employment market, with 4,531 employed individuals, which in turn supports the high median property value of $273,400 and low poverty rate of 4.2%.
What are the key factors influencing the quality of life for residents and tenants in Flossmoor, IL? +
The average commute time of 38.4 minutes, with 74.1% of residents driving alone and 6.2% using public transit, indicates a relatively convenient transportation infrastructure, while the high health insurance coverage of 97.1% and low poverty rate of 4.2% suggest a stable and healthy community.
How does the ethnic diversity and foreign-born population impact the local real estate market? +
Flossmoor's diverse population, with 43.6% Black or African American, 30.1% White, and 10.3% foreign-born residents, contributes to a vibrant community, and when combined with the high median household income of $104,609 and low poverty rate of 4.2%, it suggests a strong demand for housing and a stable rental market.
What are the implications of the high homeownership rate and median property taxes for real estate investors in Flossmoor, IL? +
The high homeownership rate of 92.1% and median property taxes of $7,342 in Flossmoor suggest a stable and invested community, with residents likely to prioritize property maintenance and upkeep, which can contribute to long-term property appreciation and relatively low vacancy rates for rental properties, making it an attractive market for investors.

Flossmoor IL Real Estate & City Facts

Key facts and real estate information about Flossmoor IL.

What are some of the best neighborhoods to live in Flossmoor? +
Some of the best neighborhoods to live in Flossmoor include Flossmoor Hills, which is known for its beautiful homes and diverse community, and the northeast parts of the city, which tend to be more desired. Additionally, the village has a mix of historic and modern homes, with some areas featuring golf-adjacent and estate homes, as well as midcentury and architect-driven pockets.
What are some fun things to do in Flossmoor? +
Flossmoor has a variety of attractions and things to do, including the Ballantrae Park, Coyote Run Golf Course, and the Homewood-Flossmoor Ice Arena. Visitors can also explore the Flossmoor Sculpture Gardens, which features outdoor art installations throughout the village. For those looking for something more low-key, the village has a number of parks and green spaces, including Rail Fan Park.
What is the food scene like in Flossmoor? +
The food scene in Flossmoor is diverse and offers a range of options, from authentic soul food at restaurants like Flossmoor Social, to modern American cuisine at places like Homewood Brewing Company. The village is also home to a number of bars and breweries, including Flossmoor Station Restaurant & Brewery, which offers a range of craft beers and pub fare.
What are the pros and cons of living in Flossmoor? +
One of the pros of living in Flossmoor is its diverse community and range of housing options, from historic homes to modern estates. The village also has a number of parks and green spaces, and a variety of attractions and things to do. However, some cons of living in Flossmoor include the potential for high property taxes and the need for a car to get around, as public transportation options may be limited. Additionally, some areas of the village may be more prone to flooding or other environmental issues.
Is Flossmoor a good place to live? +
Overall, Flossmoor is a great place to live for those who value a diverse community, a range of housing options, and a variety of attractions and things to do. While there may be some drawbacks to living in the village, such as high property taxes and limited public transportation, the pros outweigh the cons for many residents. With its beautiful parks, historic homes, and modern amenities, Flossmoor is a great choice for families, professionals, and retirees alike.
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