Geneseo, KS High Income Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Geneseo, Kansas Market population: 7K. Browse multifamily, office, retail, industrial, and mixed-use investment opportunities....
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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 Geneseo IL Properties: 2.3300%
⭐ 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 Geneseo IL
Common questions from investors exploring commercial real estate in Geneseo IL.
What's the overall investment outlook for Geneseo, IL, considering its demographics and economy?
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Geneseo's stable economy, with a median household income of $58,750 and a low poverty rate of 6.2%, combined with its high health insurance coverage of 96.1%, suggests a reliable market for real estate investments. The top industries, including Finance & Insurance and Manufacturing, also indicate a diverse economic base. Additionally, the city's relatively low average commute time of 19.6 minutes and high homeownership rate of 74.5% point to a desirable quality of life for residents.
How does the ethnic diversity and income inequality in Geneseo impact the local real estate market?
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The ethnic diversity in Geneseo, with a majority of White and White Non-Hispanic populations, may influence the local culture and demand for certain types of properties. Furthermore, the income inequality, as measured by the GINI coefficient of 0.426, and the median household income of $58,750, suggest that there may be a range of housing options in demand, from affordable to higher-end properties. This diversity can contribute to a more resilient and dynamic real estate market.
What role do commute times and transportation methods play in assessing the stability of the Geneseo real estate market?
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The average commute time of 19.6 minutes in Geneseo, which is relatively short, and the top commute methods of driving alone, carpooling, and working from home, indicate a convenient and flexible transportation system. This, combined with the high health insurance coverage rate of 96.1% and low poverty rate of 6.2%, suggests a stable and attractive environment for both residents and investors, as it points to a population with access to employment and healthcare.
How do the top industries in Geneseo, such as Finance & Insurance and Manufacturing, influence the demand for real estate?
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The presence of top industries like Finance & Insurance and Manufacturing in Geneseo contributes to a strong and diverse economy, which can drive demand for real estate, particularly for housing and commercial properties. The employed population of 3,129 and the median property value of $136,400 also suggest a market with potential for growth and appreciation, making it an attractive option for investors looking for opportunities in a stable economic environment.
What insights can be gained from the homeownership rate and median property taxes in Geneseo for real estate investment purposes?
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The high homeownership rate of 74.5% in Geneseo indicates a strong preference for owning over renting, which can impact the rental market and potentially influence investment strategies. Additionally, the median property taxes of $1,958, considered in the context of the median property value of $136,400 and the overall economic stability, provide insights into the cost of ownership and the potential for property appreciation, helping investors to make more informed decisions about their investments in the area.
Geneseo IL Real Estate & City Facts
Key facts and real estate information about Geneseo IL.
What are some of the best neighborhoods to live in Geneseo?
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Some of the best neighborhoods to live in Geneseo, IL, are Wildwood, Valley Drive, Walton Hills, Edgewood District, Greater Homewood, Rockview Estates, Molette, Downtown Bettendorf, Prospect Park, Wheelock - Veile, and Greater. These neighborhoods offer a range of housing options, from historic homes to new constructions, and are known for their safety, good schools, and community amenities.
What are some fun things to do in Geneseo?
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There are plenty of fun things to do in Geneseo, IL. Visitors can explore the Geneseo Historic District, visit the State Street Cafe, or check out the Vintage Drive-in Movie Theater. The city also hosts various events and festivals throughout the year, such as the Geneseo Music Festival and the Geneseo Summer Festival. For outdoor enthusiasts, there are several parks and trails in the area, including the Geneseo City Park and the Hennepin Canal Parkway State Park.
What is the food scene like in Geneseo?
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The food scene in Geneseo, IL, is diverse and offers a range of options. Some popular restaurants in the area include Raelyn's Pub & Eatery, Sweet Peas Grill & Bar, Sam's Laroma Pizza House & Restaurant, Thai Town Cafe, and Cellar The. There are also plenty of great food trucks and cafes in the area, serving everything from classic American fare to international cuisine. Additionally, the city hosts a weekly farmers' market during the summer months, where visitors can find fresh produce, baked goods, and local crafts.
What are the pros and cons of living in Geneseo?
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The pros of living in Geneseo, IL, include its small-town charm, good schools, and low cost of living. The city also has a strong sense of community, with many residents actively involved in local events and organizations. However, some cons of living in Geneseo include its limited job opportunities and lack of diversity. The city is also located in a rural area, which can make it difficult to access certain amenities and services. Overall, Geneseo is a great place to live for those who value a close-knit community and a relaxed pace of life.
Is Geneseo a good place to live?
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Geneseo, IL, is a good place to live for those who value a small-town atmosphere and a strong sense of community. The city has a low cost of living, good schools, and plenty of outdoor recreational opportunities. While it may not offer the same level of diversity or job opportunities as larger cities, Geneseo is a great choice for families, retirees, and individuals who want to escape the hustle and bustle of urban life. Ultimately, whether or not Geneseo is a good place to live depends on your individual priorities and preferences.
⭐ 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 Geneseo IL Commercial Property: $58,750
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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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