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Lansing, IL High Income Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Lansing, Illinois Market population: 114K. Explore income-producing properties with verified cap rates and operating...

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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 Lansing MI Properties: 7.68%

πŸ“Š Avg Property Tax Rate For Lansing MI Properties: 2.2600%

πŸ“Š Average Income For Lansing MI Commercial Property: $36,054

Investor Questions For Lansing MI

Common questions from investors exploring commercial real estate in Lansing MI.

What is the overall investment potential of Lansing, MI, considering its demographic and economic factors? +
The city's median household income of $36,054, combined with a poverty rate of 25.4% and a high health insurance coverage of 91.2%, suggests a stable market with opportunities for affordable housing investments, particularly given the relatively low median property value of $85,000 and diverse top industries such as Public Administration and Finance & Insurance.
How does the ethnic diversity and commute time in Lansing impact the demand for rental properties? +
The city's diverse population, with top ethnicities including White, White Non-Hispanic, and Black, contributes to a vibrant community, while the average commute time of 19.1 minutes and top commute methods like Drove Alone and Carpooled indicate a convenient location for renters, making it an attractive market for investors looking to capitalize on rental yields.
What are the implications of the poverty rate and income inequality in Lansing for real estate investors? +
The poverty rate of 25.4% and a gini coefficient of 0.429 suggest that investors should focus on affordable housing solutions, as the demand for such properties is likely to be high, and the employed population of 50,904, along with a median household income of $36,054, provides a stable tenant base, especially when considering the health insurance coverage of 91.2%.
How do the top industries in Lansing influence the local real estate market and investment opportunities? +
The presence of top industries such as Public Administration, Finance & Insurance, and Information suggests a strong and diverse economy, which can drive demand for housing, particularly given the median property value of $85,000 and median property taxes of $25,345, making it an attractive location for investors looking to capitalize on a mix of rental yields and property appreciation.
What role do quality of life metrics, such as health insurance coverage and commute time, play in assessing the stability of the Lansing real estate market? +
The high health insurance coverage of 91.2% and relatively short average commute time of 19.1 minutes contribute to a stable and desirable quality of life in Lansing, which, when combined with a homeownership rate of 51.6% and a median age of 32.0, indicates a solid foundation for real estate investments, as these factors can influence tenant retention and property values.

Lansing MI Real Estate & City Facts

Key facts and real estate information about Lansing MI.

What is the best way to get around Lansing? +
The average commute time in Lansing is 19.1 minutes, and the top commute methods are Drove Alone, Worked At Home, and Carpooled.
What are the top industries in Lansing? +
The top industries in Lansing are Public Administration, Finance & Insurance, and Information.
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