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Godfrey, IL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Godfrey, Illinois Market population: 18K. Compare commercial properties across all major asset classes with...

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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 Godfrey IL Properties: 7.68%

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

πŸ“Š Average Income For Godfrey IL Commercial Property: $58,698

Investor Questions For Godfrey IL

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

What's the overall investment potential of Godfrey, IL, considering its demographics and economy? +
Godfrey, IL, with a population of 17,951 and a median age of 44.1, presents a stable investment environment, given its relatively low poverty rate of 6.7% and high health insurance coverage of 96.0%, indicating a reliable tenant base. The top industries, including Finance & Insurance and Manufacturing, contribute to a median household income of $58,698, suggesting a strong local economy.
How does the ethnic diversity and commute time in Godfrey, IL, impact the real estate market? +
The ethnic diversity in Godfrey, IL, with top ethnicities being White (47.8%) and White Non-Hispanic (47.2%), alongside a low foreign born rate of 2.4%, suggests a relatively homogeneous community. This, combined with an average commute time of 24.2 minutes and top commute methods including driving alone and working from home, indicates a stable and possibly growing demand for housing due to its accessibility and quality of life.
What are the key factors influencing rental yields and property appreciation in Godfrey, IL? +
The median property value of $142,900 and median property taxes of $6,082, along with a high homeownership rate of 82.8%, suggest a strong demand for housing. Considering the low poverty rate of 6.7% and high health insurance coverage of 96.0%, rental yields could be stable, and property appreciation might be influenced by the growing industries such as Finance & Insurance and Manufacturing.
How does the quality of life in Godfrey, IL, affect its attractiveness to investors and tenants? +
The quality of life in Godfrey, IL, characterized by an average commute time of 24.2 minutes, high health insurance coverage of 96.0%, and low unemployment rate of 3.4%, makes it an attractive location for both investors and tenants. The top commute methods, including driving alone and working from home, also suggest flexibility and convenience, which can enhance the desirability of the area.
What insights can be gleaned from the economic and demographic data for real estate investment strategies in Godfrey, IL? +
The economic data, showing a median household income of $58,698 and a GINI coefficient of 0.4, indicates a relatively equitable distribution of income. Combined with the demographic data, such as a median age of 44.1 and top industries including Finance & Insurance, this suggests a stable and potentially growing market. Investors may find opportunities in catering to the local workforce and families, given the high homeownership rate and low poverty rate.

Godfrey IL Real Estate & City Facts

Key facts and real estate information about Godfrey IL.

What are some of the best neighborhoods to live in Godfrey? +
Some of the best neighborhoods to live in Godfrey include Camelot/Delmar, which is known for its friendliness and family-friendly atmosphere. Other desirable areas tend to be in the south parts of the city, while more affordable homes are in the central regions.
What are some fun things to do in Godfrey? +
Godfrey offers a variety of activities for residents and visitors, including well-maintained parks with sports fields, picnic areas, and miles of trails for hiking or biking. You can also drive, bike, or take a motorcycle cruise along the Great River Road, which provides breathtaking views of the Mississippi River. Additionally, the Lewis and Clark Community College campus and its Monticello Sculpture Gardens are popular attractions.
What is the food scene like in Godfrey? +
The food scene in Godfrey is thriving, with restaurants like Bakers & Hale offering a refined yet approachable take on breakfast and lunch favorites. LuciAnna's Bistrot is another popular spot, known for its delicious brunch and mimosas. Ranch House is a beloved gem for comfort food at reasonable prices, and the city is also home to a variety of other restaurants and eateries.
What are the pros and cons of living in Godfrey? +
Godfrey has a lot to offer, including its beautiful natural scenery, rich history, and community events. However, like any city, it also has its challenges. Some areas of the city may be more affordable than others, and traffic can be a concern in certain parts of town. Overall, Godfrey is a great place to live for those who value a strong sense of community and a relaxed, small-town atmosphere.
Is Godfrey a good place to live? +
Godfrey is a great place to live for those who value a strong sense of community, beautiful natural scenery, and a relaxed, small-town atmosphere. While it may have its challenges, the city has a lot to offer, including its rich history, community events, and thriving food scene. Ultimately, whether or not Godfrey is a good place to live depends on your individual preferences and priorities.
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