Galesburg, ND Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Galesburg, North Dakota Market population: 32K. Explore income-producing properties with verified cap rates and...
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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 Galesburg IL Properties: 2.4200%
⭐ 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 Galesburg IL
Common questions from investors exploring commercial real estate in Galesburg IL.
What is the overall investment potential of Galesburg, IL, considering its demographic and economic factors?
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The city's median household income of $32,720, combined with a poverty rate of 21.7% and a high health insurance coverage of 91.7%, suggests a relatively stable market with a mix of working-class and middle-class residents. The top industries, including Construction and Public Administration, contribute to the local economy, while the diverse population with top ethnicities such as White and Black, indicates a potential for cultural and economic growth.
How does the commute time and transportation infrastructure impact the quality of life for residents and potential renters in Galesburg, IL?
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The average commute time of 15.9 minutes, which is relatively short, and the top commute methods of driving alone, carpooling, and walking, indicate a well-planned transportation infrastructure. This, combined with the high health insurance coverage rate, suggests a good quality of life for residents, making it an attractive location for potential renters and investors.
What are the implications of the median property value and property taxes for real estate investors in Galesburg, IL?
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The median property value of $73,500 and median property taxes of $7,799 suggest a relatively affordable housing market. Considering the poverty rate of 21.7% and the employed population of 12,085, investors may find opportunities in renovating or developing properties to meet the demand for affordable housing, while also benefiting from the stable employment rates and relatively low property taxes.
How does the ethnic diversity and industry mix in Galesburg, IL impact the demand for housing and potential investment opportunities?
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The city's ethnic diversity, with top ethnicities including White and Black, and the industry mix, including Construction and Public Administration, contribute to a dynamic local economy. This diversity can lead to a demand for housing that caters to different demographics and income levels, presenting opportunities for investors to develop or renovate properties that meet these specific needs.
What is the potential for long-term appreciation in property values in Galesburg, IL, considering factors such as income inequality and homeownership rates?
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The Gini coefficient of 0.458, indicating a moderate level of income inequality, and the homeownership rate of 58.5%, suggest a relatively stable housing market. While the poverty rate of 21.7% may impact property values, the overall economic and demographic factors, including the diverse industry mix and relatively high health insurance coverage, contribute to a potential for long-term appreciation in property values, making it an attractive location for real estate investors.
Galesburg IL Real Estate & City Facts
Key facts and real estate information about Galesburg IL.
What are some of the best neighborhoods to live in Galesburg?
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Some of the best neighborhoods to live in Galesburg include Henderson/Fremont/Main, which is a well-maintained, family-friendly neighborhood with clean, quiet streets. Other desirable areas tend to be in the northwest parts of the city, while more affordable homes are in the southwest regions.
What are some fun things to do in Galesburg?
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Galesburg has a lot to offer, including the Galesburg Railroad Museum, Discovery Depot Children's Museum, and the Carl Sandburg State Historic Site. You can also visit the Galesburg Antiques Mall Co., Old Main, Knox College, and explore the 23 city parks with a public beach and wooded biking/walking trails.
What is the food scene like in Galesburg?
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The food scene in Galesburg is diverse and satisfying, with international options like Landmark Cafe, El Barril, Koreana, and Cornucopia Deli. There are also plenty of great restaurants like Iron Spike Brewing Company, Grandview Restaurant, and Judy's Family Cafe. Additionally, you can find food trucks and local eateries serving a variety of cuisines.
What are the pros and cons of living in Galesburg?
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The pros of living in Galesburg include its affordability, family-friendly atmosphere, and access to outdoor activities like biking and walking trails. However, some cons include a higher poverty rate and limited job opportunities in certain industries. Overall, Galesburg is a great option for those looking for a small-town feel with a rich history and cultural scene.
Is Galesburg a good place to live?
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Galesburg can be a great place to live, depending on your individual preferences and priorities. It offers a unique blend of small-town charm, historic landmarks, and outdoor activities, making it an attractive option for families, retirees, and those looking for a more relaxed pace of life. While it may have its challenges, Galesburg has a lot to offer and is definitely worth considering for those looking to put down roots in a close-knit community.
⭐ 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 Galesburg IL Commercial Property: $32,720
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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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