Peoria, AZ Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Peoria, Arizona Market population: 113K. 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 Peoria IL Properties: 0.0000%
⭐ 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 Peoria IL
Common questions from investors exploring commercial real estate in Peoria IL.
What's the overall investment outlook for Peoria, IL, considering its demographic and economic indicators?
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The 18.6% poverty rate combined with a high health insurance coverage of 93.6% suggests a working-class market with employment stability, while the top industries in Health Care & Social Assistance, Retail Trade, and Manufacturing indicate a diverse economy. The median household income of $52,194 and a relatively low average commute time of 19.4 minutes also contribute to a stable investment environment. Additionally, the city's ethnic diversity, with top ethnicities including White, Black or African American, and Asian, can drive market demand.
How does the city's commute time and transportation infrastructure impact the quality of life for renters and investors?
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The 19.4-minute average commute time and the fact that the top commute methods include driving alone, carpooling, and working from home, suggest a convenient and flexible transportation infrastructure. This, combined with a high health insurance rate of 93.6%, indicates a good quality of life for renters, which can lead to higher tenant retention rates and more stable investment returns. The diversity of commute methods also reflects the city's adaptability to different lifestyles and work arrangements.
What role does the city's industry diversity play in its investment potential, and how does it relate to the local workforce?
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The top industries in Peoria, IL, including Health Care & Social Assistance, Retail Trade, and Manufacturing, contribute to a diverse economy that can support a wide range of jobs and attract a skilled workforce. With an employed population of 49,651 and a median age of 36.4, the city has a strong foundation for economic growth, which can drive demand for housing and increase property values. The foreign-born rate of 5.8% also adds to the city's diversity and potential for innovation.
How do the city's poverty rate and health insurance coverage impact the quality of tenants and investment stability?
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The 18.6% poverty rate in Peoria, IL, is relatively high, but when combined with a health insurance coverage rate of 93.6%, it suggests that many residents have access to employment opportunities and social services, which can contribute to a more stable tenant base. The gini coefficient of 0.476 indicates a moderate level of income inequality, which, along with the median household income of $52,194, can help investors assess the potential for rental income and property appreciation.
What are the implications of the city's homeownership rate and property values for real estate investors?
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The homeownership rate of 67% in Peoria, IL, indicates a relatively high level of investment in the community, while the median property value of $123,400 and median property taxes of $2,440 suggest a stable and potentially appreciating housing market. The city's ethnic diversity and top industries can drive demand for housing, and with a moderate poverty rate and high health insurance coverage, investors may find opportunities for long-term growth and stable rental income in this market.
Peoria IL Real Estate & City Facts
Key facts and real estate information about Peoria IL.
What are some of the best neighborhoods to live in Peoria?
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Some of the best neighborhoods to live in Peoria include Dunlap, Morton, Germantown Hills, Washington, Metamora, Elmwood, Peoria Heights, and Chillicothe. These areas are known for being safe and having good schools, with Dunlap schools being some of the best in the area. North Peoria is also a bit boring and not very walkable, but it has low crime and is a good option for those looking for a more affordable area.
What are some fun things to do in Peoria?
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There are plenty of fun things to do in Peoria, including visiting the Caterpillar Visitors Center, taking a stroll along Grand View Drive, and exploring the Peoria Riverfront Museum. You can also check out the wineries in the area, go shopping, or take a scenic drive. For outdoor enthusiasts, Wildlife Prairie Park is a great option, with native animals and nice trails. Additionally, the city has a variety of events and festivals throughout the year, so be sure to check the local calendar to see what's happening during your visit.
What is the food scene like in Peoria?
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The food scene in Peoria is diverse and delicious, with a range of options to suit every taste and budget. Some popular restaurants include The Blue Duck Barbecue Tavern, One World Cafe, Obed & Isaac's Microbrewery and Eatery, Rizzi's for Italian, Alexander's for steak, Sugar for wood-fired pizza, and Publik House for Gastropub. There are also plenty of great food trucks and local eateries to try, so be sure to explore the city's culinary scene during your visit.
What are the pros and cons of living in Peoria?
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The pros of living in Peoria include its affordable cost of living, low crime rate, and good schools. The city also has a variety of cultural attractions, including the Peoria Riverfront Museum and the Caterpillar Visitors Center. However, some cons of living in Peoria include its limited job opportunities and a relatively low median household income. Additionally, the city can be a bit boring at times, and some areas are not very walkable. Overall, Peoria is a great option for those who value a safe and affordable community with a low cost of living.
Is Peoria a good place to live?
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Peoria is a good place to live for those who value a safe and affordable community with a low cost of living. The city has a lot to offer, including a variety of cultural attractions, outdoor activities, and a diverse food scene. However, it may not be the best fit for everyone, particularly those looking for a more urban or fast-paced lifestyle. Overall, Peoria is a great option for families, retirees, and those looking for a relaxed and affordable place to call home.
⭐ 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 Peoria IL Commercial Property: $52,194
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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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