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Rock Island, IL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Rock Island, Illinois Market population: 39K. 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 Rock Island IL Properties: 7.68%

πŸ“Š Avg Property Tax Rate For Rock Island IL Properties: 2.9000%

πŸ“Š Average Income For Rock Island IL Commercial Property: $41,422

Investor Questions For Rock Island IL

Common questions from investors exploring commercial real estate in Rock Island IL.

What's the overall investment outlook for Rock Island, IL, considering its demographics and economy? +
With a median household income of $41,422 and a poverty rate of 21.3%, Rock Island presents a mixed bag for investors, but its diverse economy, led by Public Administration, Finance & Insurance, and Manufacturing, combined with a relatively low average commute time of 18 minutes, suggests a stable market with opportunities for growth, especially given the city's health insurance coverage rate of 92.3%.
How does the city's ethnic diversity and industry mix impact demand for real estate investments? +
The top ethnicities, including White, White Non-Hispanic, and Black, contribute to a diverse community, while the top industries, such as Public Administration and Manufacturing, create a demand for housing that can attract a wide range of tenants, from young professionals to families, thus making real estate investments in Rock Island potentially lucrative, especially with a median property value of $98,900.
What are the implications of Rock Island's poverty rate and health insurance coverage for real estate investors? +
The 21.3% poverty rate combined with 92.3% health insurance coverage suggests a working-class market with a degree of employment stability and access to healthcare, which can lead to more reliable tenants and lower vacancy rates, making it an attractive option for investors looking for steady returns, particularly when considering the city's median property taxes of $10,441.
How do commute times and methods in Rock Island affect the quality of life for residents and, by extension, the attractiveness of real estate investments? +
The average commute time of 18 minutes, with top methods including driving alone, carpooling, and working from home, indicates a city with relatively easy mobility and flexible work arrangements, enhancing the quality of life for residents and potentially increasing demand for housing, especially in areas with convenient access to major employment centers, thus benefiting real estate investors.
What insights can be gleaned from Rock Island's homeownership rate, median property value, and income inequality for real estate investment strategies? +
With a homeownership rate of 64.1%, a median property value of $98,900, and a GINI coefficient of 0.457, Rock Island presents a market where there is a balance between owned and rented properties, a relatively affordable housing market, and a moderate level of income inequality, suggesting that investors could find opportunities in both rental properties and renovating homes for sale, catering to a range of buyers and renters, from first-time homeowners to long-term investors.

Rock Island IL Real Estate & City Facts

Key facts and real estate information about Rock Island IL.

What are some of the best neighborhoods to live in Rock Island? +
Some of the best neighborhoods to live in Rock Island include East Central, 45th ST, and the Broadway district, which is extremely diverse, affordable, and unique with a strong social community and regular events.
What are some fun things to do in Rock Island? +
There are plenty of fun things to do in Rock Island, such as visiting the Rock Island Arsenal Museum, Hauberg Museum, Quad City Botanical Center, and Bally's Quad Cities Casino & Hotel. You can also explore the Mississippi River, watch an arena football or hockey game, or check out the artists' markets at Skeleton Key.
What is the food scene like in Rock Island? +
Unfortunately, I couldn't find much information about the food scene in Rock Island. However, the Quad Cities area is known for its traditional Midwestern cuisine, and there are likely many great local restaurants to try.
What are the pros and cons of living in Rock Island? +
The pros of living in Rock Island include its charming city along the Mississippi River, rich history, and strong social community. However, the city also has a higher overall crime rate compared to the national average, with both violent and property crime rates exceeding national averages.
Is Rock Island a good place to live? +
Rock Island can be a good place to live for those who value its unique character, strong community, and affordable cost of living. However, the city's higher crime rate may be a concern for some. Ultimately, whether Rock Island is a good place to live depends on your individual priorities and preferences.
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