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Menominee, IL High Income Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Menominee, Illinois Market population: 9K. Browse multifamily, office, retail, industrial, and mixed-use investment opportunities....

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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 Menominee MI Properties: 7.68%

πŸ“Š Avg Property Tax Rate For Menominee MI Properties: 4.3450%

πŸ“Š Average Income For Menominee MI Commercial Property: $38,130

Investor Questions For Menominee MI

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

What's the overall investment potential of Menominee, MI, considering its demographics and economy? +
Menominee's relatively low poverty rate of 17.2% and high health insurance coverage of 92.9% suggest a stable workforce, which is further supported by its diverse top industries, including Wholesale Trade, Manufacturing, and Public Administration, indicating a robust local economy with various job opportunities.
How does the city's commute time and transportation infrastructure impact rental demand? +
The average commute time of 14.1 minutes in Menominee is relatively short, and with top commute methods including driving alone, carpooling, and walking, it indicates a well-planned infrastructure that supports both personal and public transportation, making the city attractive for renters who value convenience and ease of movement.
What role does ethnic diversity play in the local real estate market, and how might it influence demand? +
Menominee's top ethnicities, including White and White Non-Hispanic, along with a notable presence of individuals of Two or More ethnicities, contribute to a diverse community, which can attract a wide range of residents and potentially boost demand for housing, especially considering the city's relatively low foreign-born rate of 1.4%.
How do the median property value and taxes in Menominee compare to other investment considerations like income inequality and employment? +
With a median property value of $76,500 and median property taxes of $2,873, Menominee offers relatively affordable housing options, which, combined with an employed population of 3,543 and a GINI coefficient of 0.397 indicating moderate income inequality, suggests a balanced market where investors can find opportunities for both rental income and potential long-term appreciation.
What insights can be gleaned from the city's health insurance coverage and its implications for tenant quality and market stability? +
The high health insurance coverage rate of 92.9% in Menominee, coupled with a poverty rate of 17.2%, implies a population with access to healthcare and potentially more stable employment, which can contribute to a more reliable tenant base for investors, thereby enhancing the overall stability of the local real estate market.

Menominee MI Real Estate & City Facts

Key facts and real estate information about Menominee MI.

What are some of the best neighborhoods to live in Menominee? +
Some of the best neighborhoods to live in Menominee include the peaceful and welcoming neighborhood of Menominee, which is known for its quiet streets and safety. Other options include the areas around John Henes Park and Tourist Park (Fat Ladies Beach), which offer beautiful views of Lake Michigan and a range of outdoor activities.
What are some fun things to do in Menominee? +
There are plenty of fun things to do in Menominee, including visiting the Menominee Marina, exploring the waterfront, and taking a walk along the pier. You can also visit the nearby John Henes Park, which offers a range of outdoor activities such as hiking and cross-country skiing. Additionally, the city has a number of restaurants and bars, such as Jozwiak's Bar & Grill and the Waterfront Restaurant, which offer a range of dining and entertainment options.
What is the food scene like in Menominee? +
The food scene in Menominee is varied and offers a range of options, from casual dining to waterfront restaurants. Some popular options include the Bagel Shoppe & Cafe, Cafe Green, and De P.R. restaurant, which offer a range of breakfast, lunch, and dinner options. There are also plenty of great food trucks and outdoor dining options available during the summer months.
What are the pros and cons of living in Menominee? +
The pros of living in Menominee include its peaceful and welcoming atmosphere, beautiful waterfront views, and range of outdoor activities. However, some cons include the limited job opportunities and lower median household income compared to other areas. Additionally, the city can be quite quiet and may not offer the same level of entertainment and cultural options as larger cities.
Is Menominee a good place to live? +
Menominee can be a great place to live for those who value a peaceful and welcoming atmosphere, beautiful waterfront views, and a range of outdoor activities. While it may not offer the same level of job opportunities or entertainment options as larger cities, it can be a great option for those who prioritize a relaxed and natural lifestyle. Ultimately, whether Menominee is a good place to live depends on your individual priorities and preferences.
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