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Lemont, IL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Lemont, Illinois Market population: 16K. Browse multifamily, office, retail, industrial, and mixed-use investment opportunities....

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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 Lemont IL Properties: 7.68%

πŸ“Š Avg Property Tax Rate For Lemont IL Properties: 1.8200%

πŸ“Š Average Income For Lemont IL Commercial Property: $87,688

Investor Questions For Lemont IL

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

What's the overall investment potential of Lemont, IL, considering its demographics and economy? +
Lemont, IL, with its median household income of $87,688 and a relatively low poverty rate of 4.0%, presents a stable investment market, further bolstered by its diverse economy with top industries in Wholesale Trade, Information, and Finance & Insurance, & Real Estate & Rental & Leasing, suggesting a strong demand for housing.
How does the quality of life in Lemont, IL, impact its real estate market? +
The quality of life in Lemont, IL, is high, with an average commute time of 33.5 minutes and a significant portion of the population having health insurance coverage at 96.8%, indicating a stable and attractive environment for residents, which in turn, supports the real estate market with a high homeownership rate of 84.3%.
What role does ethnic diversity play in the demand for real estate in Lemont, IL? +
Lemont, IL's ethnic diversity, with top ethnicities being White (47.5%), White Non-Hispanic (45.2%), and Hispanic (3.8%), alongside a foreign-born rate of 5.3%, contributes to a culturally rich community, which can drive demand for real estate, especially considering the area's strong median property value of $349,000 and low poverty rate of 4.0%.
How do commute methods and times affect the attractiveness of Lemont, IL, to investors? +
The average commute time of 33.5 minutes in Lemont, IL, combined with top commute methods being driving alone, working at home, and carpooling, suggests a flexible and manageable commute environment, which, paired with a high health insurance coverage rate of 96.8% and a strong employed population of 7,782, makes the area attractive for both residents and investors.
What insights can be gleaned from the income inequality and poverty rate in Lemont, IL, for real estate investment? +
The GINI coefficient of 0.405 and a poverty rate of 4.0% in Lemont, IL, indicate a relatively equitable distribution of income and a low level of poverty, which, when considered alongside the median household income of $87,688 and the high median property value of $349,000, suggests a stable and potentially lucrative market for real estate investment, with a strong foundation for property appreciation and rental yields.

Lemont IL Real Estate & City Facts

Key facts and real estate information about Lemont IL.

What are some of the best neighborhoods to live in Lemont? +
Some of the best neighborhoods to live in Lemont include Hillcrest, Hillview Estates, and Homer Glen. These neighborhoods are known for their charming and peaceful environment, with beautiful homes and scenic views. Hillview Estates is a popular choice for families, with its variety of home styles and great value. Homer Glen is also a great area, ranked as one of the safest places to live in Illinois.
What are some fun things to do in Lemont? +
There are plenty of fun things to do in Lemont, including visiting the Rocky Glen Waterfall, exploring the Cal Sag Bike Trail, and checking out the Hindu Temple of Greater Chicago. You can also visit The Forge Lemont Quarries, an adventure park with ziplines, climbing, water and land activities, and camping. For some local flavor, head to downtown Lemont and explore the shops and restaurants, or visit the Lemont Downtown area for some picturesque views and outdoor activities.
What is the food scene like in Lemont? +
The food scene in Lemont is diverse and delicious, with a range of restaurants serving everything from Italian to Greek to American cuisine. Some popular spots include Rosebud Lemont, Cucina Capri, and Capri by Gigi/Capri Ristorante Burr Ridge. You can also find great pizza at Turn About Pizza, gyros at Lemon Tree, and pork tenderloin at Old Town Restaurant. For a unique dining experience, check out Hamilton's Pub or Al's Steak House.
What are the pros and cons of living in Lemont? +
The pros of living in Lemont include its charming and peaceful environment, with beautiful homes and scenic views. The city also has a strong sense of community, with plenty of local events and activities to get involved in. However, some cons include the relatively high cost of living, with median property values around $349,000. Additionally, some residents may find the city's small-town feel a bit limiting, with fewer entertainment and dining options compared to larger cities.
Is Lemont a good place to live? +
Overall, Lemont is a great place to live, with its beautiful homes, scenic views, and strong sense of community. While it may have some drawbacks, such as a higher cost of living, the city's charm and character make it a desirable place to call home. With its convenient location near Chicago and plenty of outdoor activities to enjoy, Lemont is a great choice for families, professionals, and anyone looking for a peaceful and picturesque place to live.
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