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Fox Lake, IL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Fox Lake, Illinois Market population: 11K. Compare commercial properties across all major asset classes...

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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 Fox Lake IL Properties: 7.68%

πŸ“Š Avg Property Tax Rate For Fox Lake IL Properties: 2.7900%

πŸ“Š Average Income For Fox Lake IL Commercial Property: $68,394

Investor Questions For Fox Lake IL

Common questions from investors exploring commercial real estate in Fox Lake IL.

What's the overall investment potential of this city, considering its demographic and economic indicators? +
The city's relatively low poverty rate of 6.5% and high health insurance coverage of 96.6% suggest a stable workforce, which is attractive for investors. Additionally, the median household income of $68,394 and a strong retail trade industry indicate a steady demand for housing. With a median property value of $173,400 and median property taxes of $4,331, investors can expect a reasonable return on investment.
How does the city's commute time and transportation infrastructure impact its attractiveness to renters and investors? +
The average commute time of 34.3 minutes, with a majority of residents driving alone, may be a concern for some investors. However, the city's relatively high homeownership rate of 79.3% and low poverty rate suggest that residents are willing to commute for better job opportunities, making it a viable option for renters. The high health insurance coverage rate also implies a stable workforce that can afford housing.
What role does ethnic diversity play in shaping the city's real estate market and investment opportunities? +
Although the city's top ethnicity is White, the foreign-born rate of 5.8% indicates some diversity. This, combined with a median age of 42.5 and a gini coefficient of 0.394, suggests a relatively stable and homogeneous community. Investors can expect a steady demand for housing from a diverse but not extremely varied population, with the retail trade industry driving local economic activity.
How do the city's economic indicators, such as median household income and top industries, influence its real estate market? +
The median household income of $68,394 and the dominance of the retail trade industry suggest a stable and growing local economy. With an employed population of 5,616 and a low poverty rate, investors can expect a steady demand for housing from working-class individuals and families. The city's relatively high median property value and median property taxes also indicate a strong and stable real estate market.
What are the implications of the city's health insurance rate and poverty rate for investors assessing tenant quality and market stability? +
The high health insurance coverage rate of 96.6% and relatively low poverty rate of 6.5% imply a stable and employed workforce, which is attractive for investors. This combination suggests that tenants are likely to be reliable and able to afford rent, making the city a viable option for investors seeking stable returns. The low poverty rate also indicates a lower risk of tenant default and property value depreciation.

Fox Lake IL Real Estate & City Facts

Key facts and real estate information about Fox Lake IL.

What are some of the best neighborhoods to live in Fox Lake? +
Some of the best neighborhoods to live in Fox Lake include Northwest Lake County, Atwater Park, and Northeast Fox Lake. These neighborhoods offer a peaceful and well-maintained environment, with friendly atmosphere and dog-friendly parks. However, it's worth noting that the southeast parts of the city tend to be more desirable, while the northeast regions offer more affordable homes.
What are some fun things to do in Fox Lake? +
There are plenty of fun things to do in Fox Lake, including visiting the Lakefront Park, Ben Watts Marina, and Veteran's Park. You can also enjoy water activities, explore state parks, and attend community events like Fox Lake Friday Night Live and Venetian Night. Additionally, there are several restaurants and bars in the area, such as Dockers and Whistle Stop Cafe, that offer a great dining experience.
What is the food scene like in Fox Lake? +
The food scene in Fox Lake is largely laid-back rural fare, with a variety of restaurants serving burgers, sandwiches, salads, and pizza. Some popular restaurants in the area include Dockers, Whistle Stop Cafe, and Lynn Catherine's Deli, Cafe & Tavern. There are also plenty of great food trucks and casual eateries to choose from. Overall, the food scene in Fox Lake is perfect for those looking for a relaxed and casual dining experience.
What are the pros and cons of living in Fox Lake? +
The pros of living in Fox Lake include its natural beauty, historical landmarks, and diverse recreational opportunities. The city also has a strong sense of community, with several community events and festivals throughout the year. However, some cons of living in Fox Lake include its limited job opportunities and higher cost of living compared to other areas in the region. Additionally, some residents have noted that the city can be quite conservative, which may not be suitable for everyone.
Is Fox Lake a good place to live? +
Overall, Fox Lake is a great place to live for those who value a peaceful and natural environment, with plenty of opportunities for outdoor recreation. The city has a strong sense of community, and its residents are friendly and welcoming. However, it's worth considering the limited job opportunities and higher cost of living before making a decision. Ultimately, whether Fox Lake is a good place to live depends on your individual priorities and preferences. If you're looking for a relaxed and casual lifestyle, Fox Lake may be an excellent choice.
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