CRE Admin

Pingree Grove, IL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Pingree Grove, Illinois Market population: 5K. Compare commercial properties across all major asset classes...

Advertisement
Cap Rate: Any NOI: Any Tax Rate: Any Price: Any Size: Any
Clear All
No exact matches found. Showing similar properties in Illinois.
1 properties found
REI Capital advisor
Investor Pitch Deck

Don’t just search properties. See why investors choose REI Capital.

Before you compare every deal alone, download the REI Capital investment pitch and see our growth story, strategy, and next-step materials.

REI Capital advisor
⭐ 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 Pingree Grove IL Properties: 7.68%

πŸ“Š Avg Property Tax Rate For Pingree Grove IL Properties: 2.8000%

πŸ“Š Average Income For Pingree Grove IL Commercial Property: $74,993

Investor Questions For Pingree Grove IL

Common questions from investors exploring commercial real estate in Pingree Grove IL.

What is the overall investment potential of Pingree Grove, IL? +
The combination of a relatively low poverty rate of 8.2%, high health insurance coverage of 97.9%, and strong median household income of $74,993 suggests a stable investment market with a solid foundation for rental income and property appreciation, particularly given the diverse top industries including Educational Services, & Health Care & Social Assistance, and Manufacturing.
How does the commute time and transportation infrastructure impact the quality of life for residents and investors? +
The average commute time of 46.3 minutes, although somewhat lengthy, is mitigated by the fact that the top commute methods include driving alone, carpooling, and working from home, indicating a degree of flexibility and convenience for residents, which can contribute to a higher quality of life and potentially stronger demand for housing, especially considering the high homeownership rate of 87.5%.
What role does ethnic diversity play in the demand for housing and investment opportunities in Pingree Grove, IL? +
The presence of a diverse population with top ethnicities including White, White Non-Hispanic, and Hispanic, alongside a foreign-born rate of 12.1%, suggests a culturally rich and potentially vibrant community, which can contribute to a strong and stable demand for housing, supported by the top industries such as Educational Services, & Health Care & Social Assistance, and Arts, Entertainment, & Recreation.
How do the economic indicators such as median property value, property taxes, and income inequality impact investment decisions? +
The median property value of $190,300, combined with relatively low median property taxes of $1,149 and a moderate GINI coefficient of 0.29, indicates a relatively affordable and equitable housing market, which can be attractive for investors looking for a balance between property value appreciation and rental yield, especially in a market with a strong employed population of 2,363 and a high health insurance rate of 97.9%.
What are the implications of the high homeownership rate and health insurance coverage for real estate investors in Pingree Grove, IL? +
The high homeownership rate of 87.5% and excellent health insurance coverage of 97.9% suggest a community with a strong sense of stability and security, which can lead to lower vacancy rates and higher tenant retention for rental properties, making it an attractive market for investors seeking long-term, stable returns, particularly when considering the relatively low poverty rate of 8.2% and the diverse economic base including Educational Services, & Health Care & Social Assistance.

Pingree Grove IL Real Estate & City Facts

Key facts and real estate information about Pingree Grove IL.

What are some of the best neighborhoods to live in Pingree Grove? +
Some of the best neighborhoods to live in Pingree Grove include Cambridge Lakes, which is known for its serene lakes and well-maintained homes. The village of Pingree Grove also has a suburban rural mix feel and is considered one of the best places to live in Illinois.
What are some fun things to do in Pingree Grove? +
There are plenty of fun things to do in Pingree Grove, such as visiting Goebbert's Farm, which offers a fall experience with apple picking and more. You can also explore the outdoors at Randall Oaks Zoo or go bird watching, horseback riding, or hiking at one of the local parks. Additionally, the village has a skate park, baseball and soccer fields, and other recreational activities.
What is the food scene like in Pingree Grove? +
The food scene in Pingree Grove is diverse and offers a range of options, including local family restaurants like Maple & Hash, which serves breakfast and lunch. You can also find Chinese restaurants like China Wok and China Bistro, as well as fine-dining options like Balmoral Restaurant, which serves elevated Scottish fare. There are also plenty of great food trucks and other eateries in the area.
What are the pros and cons of living in Pingree Grove? +
The pros of living in Pingree Grove include its suburban rural mix feel, low crime rate, and access to outdoor recreational activities. However, some cons include the village's relatively small size and limited job opportunities. Additionally, the cost of living in Pingree Grove may be higher than in other parts of Illinois. Overall, Pingree Grove is a great place to live for those who value a tight-knit community and easy access to nature.
Is Pingree Grove a good place to live? +
Yes, Pingree Grove is a good place to live, offering a unique blend of suburban and rural living. The village has a strong sense of community, with many family-friendly activities and events throughout the year. While it may not be the best fit for everyone, Pingree Grove is definitely worth considering for those who value a peaceful, natural environment and a close-knit community.
Advertisement