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Mount Sterling, IL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Mount Sterling, Illinois Market population: 7K. Explore income-producing properties with verified cap rates and...

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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 Mount Sterling KY Properties: 7.68%

πŸ“Š Avg Property Tax Rate For Mount Sterling KY Properties: 0.9900%

πŸ“Š Average Income For Mount Sterling KY Commercial Property: $37,565

Investor Questions For Mount Sterling KY

Common questions from investors exploring commercial real estate in Mount Sterling KY.

What's the overall investment potential of Mount Sterling, KY, considering its demographics and economy? +
Mount Sterling's median household income of $37,565, combined with a poverty rate of 23.6% and a high health insurance coverage of 89.7%, suggests a stable working-class market with access to employment opportunities, particularly in the professional services and manufacturing sectors, which could support rental demand.
How does the city's ethnic diversity and industry landscape impact real estate investment? +
The city's diverse population, with top ethnicities including White, White Non-Hispanic, and Black, along with its strong industries in professional services, manufacturing, and public administration, indicates a potentially robust and stable market for real estate investment, with a range of employment opportunities supporting housing demand.
What are the key factors to consider when evaluating the quality of life for tenants in Mount Sterling, KY? +
The average commute time of 21 minutes, top commute methods including driving alone and carpooling, and a high health insurance coverage rate of 89.7% contribute to a decent quality of life for tenants, while the poverty rate of 23.6% and median household income of $37,565 suggest that affordability may be a concern for some residents.
How do the housing market conditions in Mount Sterling, KY, affect real estate investment decisions? +
The median property value of $127,200, median property taxes of $1,249, and a homeownership rate of 48% indicate a relatively affordable housing market, which, combined with the city's employment opportunities in professional services and manufacturing, could support demand for rental properties and make it an attractive location for real estate investment.
What role do education and income inequality play in assessing the stability of the Mount Sterling, KY, real estate market? +
The high school graduation rate of 85.2% and a relatively low percentage of the population with a bachelor's degree or higher, along with an income inequality GINI coefficient of 0.472, suggest that while there are opportunities for investment, the market may be sensitive to economic fluctuations, and investors should consider the potential impacts of income inequality on tenant stability and property values.

Mount Sterling KY Real Estate & City Facts

Key facts and real estate information about Mount Sterling KY.

What are some of the best neighborhoods to live in Mount Sterling? +
Some of the best neighborhoods to live in Mount Sterling include Sterling Bridge, which is known for being family-friendly, and the historic downtown area, which offers a mix of old and new homes. According to Nextdoor, Mount Sterling is a peaceful and well-maintained neighborhood with a clean environment and friendly atmosphere. Additionally, Niche rates Mount Sterling as one of the best places to live in Montgomery County, with a rating of 3.2 out of 5 stars based on 30 reviews.
What are some fun things to do in Mount Sterling? +
There are plenty of fun things to do in Mount Sterling, including visiting the Gateway Regional Arts Center, the Montgomery County History Museum, and the Ruth Hunt Candy Factory. You can also explore the downtown district, which features a variety of shops and restaurants. For outdoor enthusiasts, there's the Irish Hills Golf Course and the Tenth Frame Cinema. According to Tripadvisor, some of the top attractions in Mount Sterling include Decades Retro Salvage, the Montgomery County History Museum, and Easy Times Tavern.
What is the food scene like in Mount Sterling? +
The food scene in Mount Sterling is diverse and delicious, with a range of restaurants serving everything from Italian fusion to Neapolitan-style pizza. Some popular spots include Romero's, Mamut Bar N' Grill, and Tomatoes and Flames. According to Yelp, some of the best diners in Mount Sterling include The Farm Kitchen, Berryman's Tastytreat, and Dick's On Main. There are also plenty of great food trucks and local eateries to try.
What are the pros and cons of living in Mount Sterling? +
One of the pros of living in Mount Sterling is its small-town charm and friendly community. The city also has a rich history and a variety of cultural attractions. However, one of the cons is that the job market may be limited, and the cost of living can be higher than in other parts of the state. Additionally, some residents have noted that the city can be quiet and lacking in nightlife options. According to Data USA, the median household income in Mount Sterling is $37,565, and the poverty rate is 23.6%. Overall, Mount Sterling is a great place to live for those who value a close-knit community and a relaxed pace of life.
Is Mount Sterling a good place to live? +
Mount Sterling is a good place to live for those who value a small-town atmosphere and a strong sense of community. The city has a lot to offer, from its historic downtown area to its outdoor recreational opportunities. While it may not be the best fit for everyone, particularly those looking for a more urban lifestyle, Mount Sterling is a great choice for families, retirees, and anyone looking for a relaxed and friendly place to call home. As noted by Homes.com, Mount Sterling is a semi-rural area with a historic downtown and quiet residential areas, making it an attractive option for those seeking a peaceful and picturesque living environment.
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