CRE Admin

Franklin Park, IL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Franklin Park, Illinois Market population: 18K. Browse multifamily, office, retail, industrial, and mixed-use investment...

Advertisement
Cap Rate: Any NOI: Any Tax Rate: Any Price: Any Size: Any
Clear All
No exact matches found. Showing similar properties near Franklin Park.
1 properties found
REI Capital advisor
Investor Pitch Deck

Don’t just search properties. See why investors choose REI Capital.

Before you compare every deal alone, download the REI Capital investment pitch and see our growth story, strategy, and next-step materials.

REI Capital advisor
⭐ 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 Franklin Park IL Properties: 7.68%

πŸ“Š Avg Property Tax Rate For Franklin Park IL Properties: 2.0700%

πŸ“Š Average Income For Franklin Park IL Commercial Property: $54,063

Investor Questions For Franklin Park IL

Common questions from investors exploring commercial real estate in Franklin Park IL.

What's the overall investment potential of Franklin Park, IL? +
With a median household income of $54,063, a relatively low poverty rate of 10.6%, and a high health insurance coverage rate of 85.6%, Franklin Park presents a stable investment market. The top industries, including Public Administration and Construction, also indicate a diverse economy, while the 25.9-minute average commute time suggests convenient access to employment opportunities.
How does the local economy impact rental demand in Franklin Park? +
The presence of top industries like Information and Public Administration, combined with a significant employed population of 9,225, suggests a strong demand for rentals. Additionally, the foreign-born rate of 24.1% and diverse top ethnicities, including White, Hispanic, and White Non-Hispanic, contribute to a vibrant and inclusive community, which can attract a wide range of tenants.
What are the key factors to consider when evaluating property values in Franklin Park? +
The median property value of $190,100, coupled with a median property tax of $4,701, provides insight into the local real estate market. Furthermore, the homeownership rate of 73.5% and the GINI coefficient of 0.385 indicate a relatively stable and equitable distribution of wealth, which can positively impact property values and appreciation.
How does the quality of life in Franklin Park affect its attractiveness to investors? +
The average commute time of 25.9 minutes, with a majority of residents driving alone or carpooling, highlights the convenience and accessibility of the area. Moreover, the high health insurance coverage rate of 85.6% and relatively low poverty rate of 10.6% suggest a population with access to resources and opportunities, making Franklin Park an attractive location for investors seeking a stable and reliable market.
What role does demographic diversity play in the investment potential of Franklin Park? +
The diverse top ethnicities, including White, Hispanic, and White Non-Hispanic, contribute to a rich cultural landscape, which can attract businesses, residents, and investors. Additionally, the significant foreign-born rate of 24.1% and the presence of various industries, such as Construction and Information, indicate a dynamic and adaptable local economy, making Franklin Park an appealing location for investors seeking a thriving and resilient market.

Franklin Park IL Real Estate & City Facts

Key facts and real estate information about Franklin Park IL.

What are some of the best neighborhoods to live in Franklin Park? +
Some of the best neighborhoods to live in Franklin Park include the central parts of the city, which tend to be more desired, while more affordable homes can be found in the southwest regions. According to reviews, neighborhoods off the Metra MD-W line are also popular.
What are some fun things to do in Franklin Park? +
There are several fun things to do in Franklin Park, including visiting Dotty's, Big Lots, and We Rock the Spectrum - Franklin Park. The city also hosts annual festivals like Railroad Daze and The Street Dance & Car Show. For outdoor activities, you can explore the community parks and trails.
What is the food scene like in Franklin Park? +
The food scene in Franklin Park is diverse, with options ranging from Italian restaurants like Jim & Pete's to unique dining experiences. You can also find restaurants serving Contemporary American cuisine. Additionally, there are plenty of great food spots in nearby neighborhoods, such as Lincoln Park.
What are the pros and cons of living in Franklin Park? +
The pros of living in Franklin Park include its affordable housing options, community parks, and annual festivals. However, some cons include the limited number of restaurants and entertainment options within the city itself. Overall, Franklin Park seems to be a great option for those looking for a more laid-back atmosphere with easy access to nearby cities.
Is Franklin Park a good place to live? +
Franklin Park can be a good place to live, depending on your personal preferences and priorities. It offers a mix of affordability, community events, and outdoor activities. While it may not have as many dining or entertainment options as larger cities, its proximity to nearby neighborhoods and cities makes it an attractive option for those looking for a more relaxed pace of life.
Advertisement