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Matteson, IL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Matteson, Illinois Market population: 19K. 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 Matteson IL Properties: 7.68%

πŸ“Š Avg Property Tax Rate For Matteson IL Properties: 3.1800%

πŸ“Š Average Income For Matteson IL Commercial Property: $70,000

Investor Questions For Matteson IL

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

What's the overall investment outlook for Matteson, IL, considering its demographic and economic profile? +
Matteson, IL presents a stable investment market, with a median household income of $70,000, a relatively low poverty rate of 11.0%, and a high health insurance coverage rate of 91.9%, indicating a strong and stable workforce. The top industries, including Finance & Insurance and Professional, Scientific, & Management, suggest a diverse economy. Additionally, the average commute time of 32.9 minutes and the prevalence of drove alone, worked at home, and public transit as top commute methods, point to a well-connected and convenient location for residents.
How does the ethnic diversity and income inequality in Matteson, IL impact the real estate market? +
The ethnic diversity in Matteson, IL, with Black (70.4%), White (12.0%), and White Non-Hispanic (11.1%) populations, contributes to a rich cultural landscape, which can attract a wide range of residents and businesses. However, the income inequality, as measured by the GINI coefficient of 0.384, combined with the poverty rate of 11.0%, suggests that investors should be mindful of the potential for varying income levels among tenants. The median property value of $167,500 and median property taxes of $5,337 provide insight into the housing market's affordability and potential for appreciation.
What are the key factors influencing the rental market in Matteson, IL, and how do they impact investment decisions? +
The rental market in Matteson, IL is influenced by factors such as the average commute time of 32.9 minutes, the high health insurance coverage rate of 91.9%, and the employed population of 8,740. These factors suggest a stable and reliable tenant base, with a strong workforce and access to healthcare. Additionally, the top industries, including Finance & Insurance and Transportation & Warehousing, indicate a diverse economy with a range of job opportunities, which can support a robust rental market. The homeownership rate of 79.2% also points to a strong demand for housing in the area.
How do the commute times and transportation options in Matteson, IL affect the quality of life for residents and, in turn, the attractiveness of the area for real estate investment? +
The average commute time of 32.9 minutes in Matteson, IL, while slightly above the national average, is mitigated by the availability of public transit, which suggests that residents have convenient access to employment and amenities. The fact that drove alone, worked at home, and public transit are the top commute methods indicates a range of transportation options, contributing to a relatively high quality of life. This, combined with the high health insurance coverage rate of 91.9% and the median household income of $70,000, makes Matteson, IL an attractive location for residents and, by extension, a viable option for real estate investment.
What role do the top industries in Matteson, IL play in shaping the local economy and real estate market, and how can investors capitalize on these trends? +
The top industries in Matteson, IL, including Finance & Insurance, Professional, Scientific, & Management, and Transportation & Warehousing, contribute to a diverse and robust local economy. Investors can capitalize on these trends by targeting properties that cater to the workforce in these industries, such as multifamily units or office spaces. The median property value of $167,500 and median property taxes of $5,337 provide a basis for evaluating the potential return on investment. Furthermore, the poverty rate of 11.0% and the high health insurance coverage rate of 91.9% suggest a relatively stable and secure tenant base, which can support long-term investment strategies.

Matteson IL Real Estate & City Facts

Key facts and real estate information about Matteson IL.

What are some of the best neighborhoods to live in Matteson? +
Some of the best neighborhoods to live in Matteson include Timber Ridge, which is a peaceful and family-friendly neighborhood with clean, quiet streets and a sense of security. Other desired areas tend to be in the northeast parts of the city, while more affordable homes are in the south regions. Homewood/Flossmoor are also close by and are very nice areas.
What are some fun things to do in Matteson? +
There are plenty of fun things to do in Matteson, such as visiting the Matteson Historical Museum, exploring the scenic landscapes, enjoying family-friendly activities, or diving into local history. You can also check out Dotty's, Factory Furniture Outlet, Matteson Parks & Recreation, and Adore Boutique. If you're looking for something more unique, you can try Game Show Battle Rooms or visit the Rail Fan Park.
What is the food scene like in Matteson? +
The food scene in Matteson is diverse and exciting, with a range of options to suit every taste. You can find great Creole and Cajun food at Hidden Manna Cafe, or try some modern sophistication at Red Star Kitchen + Bar. If you're in the mood for BBQ, Wilma's Famous BBQ Express is a great option. There are also plenty of great food trucks and other restaurants to explore, such as Fogon Contemporanean Kitchen, Cajun Soul, and PoppinCorks Bistro.
What are the pros and cons of living in Matteson? +
The pros of living in Matteson include its peaceful and family-friendly neighborhoods, scenic landscapes, and range of fun things to do. The city also has a diverse food scene and a strong sense of community. However, some cons of living in Matteson include the fact that it's a suburb of Chicago, which can make commuting to the city a challenge. Additionally, some areas of the city may be more affordable than others, which can be a consideration for those on a budget. Overall, Matteson is a great option for those looking for a quiet, family-friendly community with plenty of amenities.
Is Matteson a good place to live? +
Matteson is a great place to live for those looking for a peaceful, family-friendly community with plenty of amenities. The city has a strong sense of community, a diverse food scene, and a range of fun things to do. While it may have some drawbacks, such as commuting challenges and varying affordability, overall Matteson is a wonderful place to call home. With its scenic landscapes, great restaurants, and friendly neighborhoods, Matteson is definitely worth considering for those looking for a new place to live.
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