Le Mars, IA Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Le Mars, Iowa Market population: 11K. Compare commercial properties across all major asset classes...
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11 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 Le Mars IA Properties: 1.1500%
⭐ 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 Le Mars IA
Common questions from investors exploring commercial real estate in Le Mars IA.
What's the overall investment potential of Le Mars, IA, considering its demographic and economic factors?
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Le Mars, IA, with its median household income of $63,419 and a relatively low poverty rate of 6.2%, presents a stable investment market. The city's strong healthcare and social assistance industry, combined with its high health insurance coverage rate of 96.2%, suggests a reliable tenant base. Additionally, the short average commute time of 14.2 minutes and high rate of homeownership at 74.2% indicate a desirable quality of life.
How does the ethnic diversity and industry mix in Le Mars impact the demand for real estate investments?
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The predominantly White population at 96.2%, alongside a small but present Hispanic community at 2.3%, contributes to a relatively homogeneous demographic. However, the diverse top industries, including Healthcare & Social Assistance, Retail Trade, and Manufacturing, ensure a broad base of employment opportunities, which can drive demand for housing. This diversity in industries, coupled with a low unemployment rate of 2.4% and a high median property value of $143,400, suggests a robust market for real estate investments.
What are the implications of Le Mars' commute times and health insurance rates for real estate investors?
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The average commute time of 14.2 minutes, significantly lower than many urban areas, and the preference for driving alone at 85.2%, indicate convenient transportation options. When combined with the high health insurance coverage rate of 96.2%, these factors suggest a population with stable employment and access to healthcare, making for reliable tenants. This stability, along with a median property tax of $2,444, which is relatively manageable, enhances the attractiveness of Le Mars for real estate investment.
How does the poverty rate and income inequality in Le Mars affect the quality of tenants and property values?
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With a poverty rate of 6.2% and a GINI coefficient of 0.394, Le Mars exhibits lower income inequality compared to many other areas. This, along with a high median household income of $63,419, suggests a market with working individuals who can afford housing. The relatively low poverty rate, in particular, indicates a lower risk of tenant default, making the area more appealing for investors seeking stable rental income and property appreciation.
What role does the foreign-born population and educational attainment play in the real estate investment landscape of Le Mars?
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Although the foreign-born rate is relatively low at 2.1%, it still contributes to the demographic diversity of Le Mars. Moreover, the high school graduation rate of 94.2% and the percentage of the population with a Bachelor's degree or higher at 24.1% suggest an educated workforce. This educated population, combined with the top industries in healthcare and manufacturing, can lead to a more stable and skilled workforce, potentially increasing demand for housing and supporting long-term real estate investment growth.
Le Mars IA Real Estate & City Facts
Key facts and real estate information about Le Mars IA.
What are some of the best neighborhoods to live in Le Mars?
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Some of the best neighborhoods to live in Le Mars include the areas around Cleveland Park and Willow Creek. These neighborhoods offer a mix of older and newer homes, and are close to local amenities like parks and restaurants. According to Niche.com, Le Mars has some of the best public schools in Iowa, making it a great place to raise a family.
What are some fun things to do in Le Mars?
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Le Mars has a variety of fun things to do, including visiting the Ice Cream Capital of the World Visitor Center, catching a show at The Browns Century Theater, and exploring the outdoors at Cleveland Park or Willow Creek Campground. You can also check out the Wells Visitor Center & Ice Cream Parlor for a sweet treat.
What is the food scene like in Le Mars?
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The food scene in Le Mars is surprisingly vibrant, with a range of restaurants serving everything from barbecue to pizza. Some popular spots include Iowa Barbeque Company, Archie's Waeside, and 4 Brothers Bar & Grill. There are also plenty of great food trucks and casual eateries like Bob's Drive-In, which serves up delicious chili dogs.
What are the pros and cons of living in Le Mars?
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One of the pros of living in Le Mars is the strong sense of community, with plenty of local events and festivals throughout the year. The city also has a relatively low cost of living and a range of outdoor recreational opportunities. However, one of the cons is that the job market may be limited, and some residents may find the city a bit too small or quiet. Additionally, the winters can be quite cold, which may be a challenge for some people.
Is Le Mars a good place to live?
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Overall, Le Mars is a great place to live for people who value a close-knit community, outdoor recreation, and a relaxed pace of life. While it may not be the best fit for everyone, particularly those looking for a more urban or fast-paced lifestyle, it has a lot to offer families, retirees, and individuals who want to escape the hustle and bustle of city life. With its rich history, natural beauty, and friendly residents, Le Mars is definitely worth considering as a place to call home.
⭐ 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 Le Mars IA Commercial Property: $63,419
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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 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
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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
⭐ Featured
Prime 15-Unit Multifamily Investment in Heart of San Francisco
$4,895,000
San Francisco
Multifamily
Cap Rate
%
NOI
$0
Size
8,225 SF
⭐ Featured
7-Unit Multifamily Value-Add Opportunity in Long Beach with 7% Cap Rate
$2,100,000
Long Beach
Multifamily
Cap Rate
7.00%
NOI
$144,960
Size
6,074 SF
⭐ Featured
Prime Arcata Multifamily Value-Add: 126-Unit Garden Apartment with 8.67% Cap Rate
$12,750,000
Arcata
Multifamily
Cap Rate
8.67%
NOI
$99,999
Size
87,484 SF
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