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Irving, IL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Irving, Illinois Market population: 221K. 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 Irving TX Properties: 7.68%

πŸ“Š Avg Property Tax Rate For Irving TX Properties: 2.1300%

πŸ“Š Average Income For Irving TX Commercial Property: $50,778

Investor Questions For Irving TX

Common questions from investors exploring commercial real estate in Irving TX.

What's the overall investment outlook for Irving, TX, considering its demographics and economy? +
The city's median household income of $50,778, combined with a relatively high poverty rate of 13.2% and a diverse population with top ethnicities including White, Hispanic, and White Non-Hispanic, suggests a stable market with opportunities for growth, especially given the strong employment numbers in industries like Finance & Insurance, and Real Estate & Rental & Leasing, with 111,278 employed individuals.
How does the quality of life in Irving, TX impact its attractiveness to renters and investors? +
The average commute time of 22.7 minutes, with top commute methods including driving alone, working from home, and carpooling, indicates a convenient and flexible transportation network, while the 77.4% health insurance coverage rate suggests a relatively stable and secure population, making it an attractive location for renters and investors alike, particularly when combined with a median property value of $136,400.
What are the key factors influencing the housing market in Irving, TX, and how do they impact investment decisions? +
The median property value of $136,400, median property taxes of $31,902, and a homeownership rate of 37.7% provide a solid foundation for the housing market, while the poverty rate of 13.2% and income inequality, as indicated by a GINI coefficient of 0.458, suggest that investors should consider a mix of property types and tenant profiles to mitigate risk, including the diverse population with top industries in Agriculture, Forestry, Fishing & Hunting, & Mining, and Information.
How does the ethnic diversity and industry mix in Irving, TX contribute to its market demand and stability? +
The city's diverse population, with top ethnicities including White, Hispanic, and White Non-Hispanic, contributes to a vibrant and dynamic market, while the top industries, including Finance & Insurance, Real Estate & Rental & Leasing, and Information, provide a strong employment base, which, when combined with the relatively low average commute time of 22.7 minutes and high health insurance coverage rate of 77.4%, suggests a stable and growing market with opportunities for investors.
What role do health insurance coverage and commute times play in assessing the quality and stability of the rental market in Irving, TX? +
The 77.4% health insurance coverage rate, combined with an average commute time of 22.7 minutes, indicates a relatively stable and secure population, with access to employment opportunities and healthcare, making it an attractive location for renters, and by extension, investors, who can expect a lower risk of tenant turnover and vacancies, particularly in a market with a median household income of $50,778 and a strong employment base in industries like Finance & Insurance, and Real Estate & Rental & Leasing.

Irving TX Real Estate & City Facts

Key facts and real estate information about Irving TX.

What are some of the best neighborhoods to live in Irving? +
Some of the best neighborhoods to live in Irving include Las Colinas, Valley Ranch, Hackberry Creek, and the Arts District. These neighborhoods offer a range of amenities, including parks, trails, and access to Lake Carolyn. They are also known for being safe and family-friendly, with a mix of single-family homes and apartments available.
What are some fun things to do in Irving? +
There are plenty of fun things to do in Irving, including visiting the Mustangs of Las Colinas, exploring the Mandalay Canals, and checking out the Irving Arts Center. You can also kayak or paddle boat on Lake Carolyn, or visit the Ruth Paine House Museum to learn about the city's history. If you're looking for something more adventurous, you can try stand-up paddle boarding or biking on the Campion trails.
What is the food scene like in Irving? +
The food scene in Irving is diverse and vibrant, with a range of restaurants serving everything from Italian and Mexican cuisine to Brazilian and Japanese BBQ. Some popular spots include The Ranch at Las Colinas, Urban Craft Restaurant, and Via Real Restaurant. There are also plenty of great food trucks and casual eateries, such as Familia Restaurante and Rodeo Goat. Whether you're in the mood for something fancy or laid-back, you'll find plenty of options to suit your taste and budget.
What are the pros and cons of living in Irving? +
The pros of living in Irving include its safe and family-friendly neighborhoods, access to outdoor recreation opportunities, and a diverse range of restaurants and cultural attractions. However, some cons include the city's relatively high cost of living, traffic congestion, and limited public transportation options. Additionally, some areas of the city can be quite crowded and noisy, especially during peak hours. Overall, Irving is a great choice for families and professionals who value convenience, safety, and a range of amenities, but may not be the best fit for those on a tight budget or seeking a more laid-back lifestyle.
Is Irving a good place to live? +
Irving is a great place to live for many people, offering a unique blend of small-town charm and big-city amenities. The city has a strong sense of community, with plenty of parks, trails, and community events to enjoy. Additionally, Irving is home to a diverse range of restaurants, cultural attractions, and entertainment options, making it an exciting and vibrant place to call home. However, as with any city, there are also some challenges to consider, such as traffic and crowds. Overall, Irving is a great choice for those who value convenience, safety, and a range of amenities, and are willing to trade off some of the drawbacks of city living for the benefits of a thriving and diverse community.
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