Orono, MN Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Orono, Minnesota Market population: 8K. Explore income-producing properties with verified cap rates and operating...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Orono MN Properties: 1.1700%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Orono MN
Common questions from investors exploring commercial real estate in Orono MN.
What's the overall investment potential of Orono, MN, considering its demographics and economy?
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Orono's high median household income of $100,362, combined with a low poverty rate of 5.0% and a strong employment population of 3,675, suggests a stable market with good potential for rental income and property appreciation, especially given its diverse top industries including Finance & Insurance and Educational Services.
How does the city's commute time and health insurance coverage impact the quality of life for renters and investors?
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The average commute time of 25.3 minutes in Orono, along with a high health insurance coverage rate of 97.7%, indicates a high quality of life for residents, which can attract reliable tenants and contribute to a stable rental market, benefiting investors.
What role does ethnic diversity play in the demand for real estate in Orono, and how might it affect investment strategies?
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Orono's ethnic diversity, with a predominant White population and a smaller but present Asian community, suggests a potentially diverse rental market, which, when combined with the city's top industries like Public Administration and Health Care, could support a varied and robust demand for housing, making it an attractive location for investors.
How do the median property value and property taxes in Orono influence the decision to invest in real estate there?
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The median property value of $539,000 and median property taxes of $2,634 in Orono need to be considered in the context of the city's high median household income and low poverty rate, suggesting that while the initial investment may be higher, the potential for long-term appreciation and rental yields could offset the costs, especially in a market with a high homeownership rate of 89.6%.
What insights can be gleaned from Orono's income inequality and foreign-born population rates for real estate investment?
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Orono's GINI coefficient of 0.549 indicates a moderate level of income inequality, which, combined with the lack of data on the foreign-born population rate, suggests that investors should focus on the overall stability of the local economy, driven by its top industries and high health insurance coverage rate of 97.7%, to assess the market's potential for consistent returns on investment.
Orono MN Real Estate & City Facts
Key facts and real estate information about Orono MN.
What are some of the best neighborhoods to live in Orono?
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Some of the best neighborhoods to live in Orono include Bayside, Lakeview, and the southwest parts of the city. These areas are known for their serene beauty, prestigious residential character, and family-friendly atmosphere. For example, Bayside is a peaceful and safe neighborhood with beautiful trails and abundant wildlife, while Lakeview Orono is a desirable area with many wonderful places to call home.
What are some fun things to do in Orono?
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There are plenty of fun things to do in Orono, including exploring Lake Minnetonka, hitting the trails and parks, taking a scenic drive, and visiting nearby attractions. Some popular spots include the Black Bear Brewery, Orono Farmer's Market, Marsh Island Brewing, and the Hudson Museum at the University of Maine. You can also check out the Carver Park Reserve Trail, which offers river recreation and opportunities to spot wildlife.
What is the food scene like in Orono?
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The food scene in Orono is diverse and exciting, with many great restaurants to choose from. Some popular spots include Kitchen and Rail, El Bodegon, Pink Ivy Kitchen & Bar, Talavera Mexican Restaurant, and Two Pony Gardens. You can also find delicious food at Hazelwood Food & Drink, 6Smith, and Lord Fletcher's Old Lake Lodge. There are also plenty of great food trucks and casual eateries to grab a quick bite.
What are the pros and cons of living in Orono?
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The pros of living in Orono include its beautiful scenery, family-friendly atmosphere, and plenty of outdoor recreational opportunities. However, some cons include the high cost of living, with median property values over $500,000 and median property taxes over $2,600. Additionally, the city can be quite affluent, which may make it difficult for some people to find affordable housing or feel a sense of community. Overall, Orono is a great place to live for those who value its unique character and are willing to invest in the community.
Is Orono a good place to live?
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Orono is a great place to live for those who value its unique character, beautiful scenery, and family-friendly atmosphere. While it can be quite affluent and expensive, the city offers many benefits, including plenty of outdoor recreational opportunities, a diverse food scene, and a strong sense of community. Ultimately, whether or not Orono is a good place to live depends on your individual priorities and preferences. If you're looking for a peaceful and safe place to call home with plenty of opportunities to get outside and enjoy nature, Orono may be an excellent choice.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Orono MN Commercial Property: $100,362
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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