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Murphysboro, IL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Murphysboro, Illinois Market population: 8K. Explore income-producing properties with verified cap rates and operating...

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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 Murphysboro IL Properties: 7.68%

πŸ“Š Avg Property Tax Rate For Murphysboro IL Properties: 2.5800%

πŸ“Š Average Income For Murphysboro IL Commercial Property: $28,915

Investor Questions For Murphysboro IL

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

What's the overall investment potential of Murphysboro, IL, considering its demographics and economy? +
With a median household income of $28,915 and a poverty rate of 19.8%, Murphysboro presents a mixed bag for investors, but the 93.3% health insurance coverage and 22.5-minute average commute time suggest a relatively stable workforce, which could be attractive for rental properties, especially given the top industries in Finance & Insurance and Public Administration.
How does the ethnic diversity and income inequality impact the local housing market in Murphysboro? +
The city's ethnic diversity, led by White and Black populations, combined with a GINI coefficient of 0.437, indicates a moderate level of income inequality, which could influence housing demand and property values; however, the median property value of $67,900 and median property taxes of $2,014 might offer opportunities for investors looking for affordable options in a community with a 54.3% homeownership rate.
What role does commute time and health insurance coverage play in assessing market stability for real estate investments in Murphysboro? +
The 22.5-minute average commute time, with top methods including driving alone, carpooling, and working from home, suggests a manageable and potentially flexible workforce, which, coupled with the high health insurance coverage rate of 93.3%, points to a relatively stable and secure population, beneficial for long-term rental investments and property appreciation.
How do the top industries in Murphysboro, such as Finance & Insurance and Public Administration, affect the demand for housing and rental properties? +
The presence of stable industries like Finance & Insurance and Public Administration can create a consistent demand for housing, as these sectors often provide stable employment, which in turn can support a stable rental market; considering the median household income and poverty rate, investors might find opportunities in catering to the housing needs of workers in these industries, potentially leveraging the city's relatively low median property value.
What insights can be gleaned from the population's age, employment, and health insurance coverage for real estate investment strategies in Murphysboro? +
The median age of 40.2, an employed population of 3,291, and a high health insurance coverage rate of 93.3% suggest a mature, working population with access to healthcare, which can indicate a level of stability and reliability in terms of tenant quality and potential for long-term leases, making it an attractive consideration for investors looking to balance risk and return in the local real estate market.

Murphysboro IL Real Estate & City Facts

Key facts and real estate information about Murphysboro IL.

What are some of the best neighborhoods to live in Murphysboro? +
I couldn't find specific information about the best neighborhoods to live in Murphysboro, but the city has a lot to offer, including a growing wine area and a charming downtown with antique stores and local restaurants.
What are some fun things to do in Murphysboro? +
There are plenty of fun things to do in Murphysboro, such as visiting the Big Muddy Brewery, exploring the Shawnee Hills Wine Trail, and checking out the murals and architecture downtown. You can also visit the Big Muddy Monster statue and attend the Big Muddy Monster Festival.
What is the food scene like in Murphysboro? +
The food scene in Murphysboro is diverse and delicious, with options ranging from classic American comfort food to Italian, steakhouse, and Japanese cuisine. Some popular restaurants include Cindy's B's, Southpaw Bar & Grill, 17th Street Barbecue, and Cummares. There are also plenty of great food trucks and cafes to grab a quick bite.
What are the pros and cons of living in Murphysboro? +
The pros of living in Murphysboro include its charming small-town atmosphere, growing wine area, and outdoor recreational opportunities. However, the cons may include limited job opportunities and a lower median household income compared to other cities. Additionally, some residents may find the town too small or quiet for their taste.
Is Murphysboro a good place to live? +
Murphysboro can be a great place to live for those who value a close-knit community, outdoor recreation, and a relaxed pace of life. While it may not offer all the amenities of a larger city, it has a unique charm and a growing food and wine scene that make it an attractive option for some. Ultimately, whether Murphysboro is a good place to live depends on your individual preferences and priorities.
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