St. Louis Park, MN High Income Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in St. Louis Park, Minnesota Market population: 46K. Compare commercial properties across all major asset...
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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 St. Louis Park MN Properties: 1.0200%
⭐ 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 St. Louis Park MN
Common questions from investors exploring commercial real estate in St. Louis Park MN.
What is the overall investment potential of St. Louis Park, MN?
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The 7.2% poverty rate and 95.2% health insurance coverage in St. Louis Park suggest a stable and relatively affluent market, with a strong foundation for real estate investment, further supported by a median household income of $67,109 and a diverse economy led by finance, insurance, and real estate industries.
How does the demographic diversity of St. Louis Park impact its real estate market?
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The city's ethnic diversity, with top ethnicities including White (44.4%), White Non-Hispanic (43.2%), and Black (3.6%), combined with a foreign-born rate of 6.3%, indicates a potentially vibrant and inclusive community, which can attract a wide range of residents and support a stable rental market, especially considering the average commute time of 20.2 minutes and high health insurance coverage.
What are the key factors influencing the quality of life for residents and tenants in St. Louis Park?
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The average commute time of 20.2 minutes, top commute methods including driving alone and working from home, and a high health insurance coverage rate of 95.2% all contribute to a high quality of life, suggesting that residents and tenants in St. Louis Park enjoy good access to employment opportunities, healthcare, and flexible work arrangements, which can positively impact property values and rental yields.
How does the local economy and industry diversity impact real estate investment in St. Louis Park?
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The diversity of top industries in St. Louis Park, including finance, insurance, real estate, construction, and professional services, provides a solid foundation for economic stability and growth, which can support increasing property values and rental incomes, especially when combined with a median property value of $232,500 and a relatively low poverty rate of 7.2%.
What insights can be gained from the city's homeownership rate and property taxes for real estate investors?
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The homeownership rate of 57.2% and median property taxes of $12,614 in St. Louis Park suggest a balanced market with opportunities for both homeowners and renters, and indicate that property taxes, although significant, are manageable for investors, especially considering the city's strong median household income and low poverty rate, which can help maintain property values and support rental income stability.
St. Louis Park MN Real Estate & City Facts
Key facts and real estate information about St. Louis Park MN.
What are some of the best neighborhoods to live in St. Louis Park?
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Some of the best neighborhoods to live in St. Louis Park are around Medicine Lake, Wolfe Lake, and West End. These areas offer a mix of housing options, parks, and amenities. For example, the West End neighborhood has a variety of restaurants and shops, while the area around Medicine Lake is popular for water recreation in the summer months.
What are some fun things to do in St. Louis Park?
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There are plenty of fun things to do in St. Louis Park, including visiting the Pavek Museum of Broadcasting, exploring the Westwood Hills Nature Reserve, and playing games at Game Show Battle Rooms. You can also check out the Aquatic Park, the Oak Hill Park Splash Pad, and the recreational facilities at the St. Louis Park Recreation Center. If you're looking for something unique, consider visiting the Copperwing Distillery or Dampfwerk Brewery.
What is the food scene like in St. Louis Park?
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The food scene in St. Louis Park is diverse and offers a range of options. Some popular restaurants include Mill Valley Kitchen, Wok in the Park, Hazelwood Food and Drink, and Yard House. You can also find unique eateries like The Block Food & Drink and Boketto. There are also plenty of great food trucks and casual dining options available. Whether you're in the mood for Asian cuisine, American comfort food, or something else, St. Louis Park has plenty of options to choose from.
What are the pros and cons of living in St. Louis Park?
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The pros of living in St. Louis Park include its convenient location, with easy access to downtown Minneapolis and other surrounding cities. The city also has a strong sense of community, with plenty of parks, trails, and recreational facilities. However, some cons include the potential for traffic and congestion, particularly during rush hour. Additionally, some areas of the city may have higher crime rates or less desirable housing options. Overall, St. Louis Park is a great place to live for those who want a mix of urban and suburban amenities.
Is St. Louis Park a good place to live?
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Yes, St. Louis Park is a good place to live, offering a unique blend of urban and suburban amenities. The city has a strong sense of community, with plenty of parks, trails, and recreational facilities. While there may be some drawbacks, such as traffic and congestion, the city's convenient location and diverse housing options make it an attractive choice for many people. Whether you're looking for a quiet neighborhood or a more vibrant atmosphere, St. Louis Park has something to offer.
⭐ 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 St. Louis Park MN Commercial Property: $67,109
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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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