Sturgis, SD High Income Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Sturgis, South Dakota Market population: 11K. Browse multifamily, office, retail, industrial, and mixed-use investment...
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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 Sturgis MI Properties: 0.4600%
⭐ 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 Sturgis MI
Common questions from investors exploring commercial real estate in Sturgis MI.
What's the overall investment potential of Sturgis, MI, considering its demographics and economy?
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Sturgis, MI, with a population of 10,968 and a median age of 32.1, presents a unique investment opportunity, especially considering its top industries in Finance & Insurance, and Real Estate & Rental & Leasing, which could drive demand for housing. The city's poverty rate of 22.7% is somewhat mitigated by a high health insurance coverage rate of 90.2%, indicating a level of employment stability. Additionally, the diverse ethnic makeup, including White, White Non-Hispanic, and Hispanic populations, suggests a vibrant community.
How does the commute time and health insurance coverage impact the quality of life for renters in Sturgis, MI?
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The average commute time of 19.3 minutes in Sturgis, MI, combined with a high health insurance coverage rate of 90.2%, suggests a good quality of life for renters, with easy access to workplaces and a relatively stable employment environment. This stability, coupled with the top commute methods being driving alone, carpooling, or working from home, indicates a flexible and potentially attractive lifestyle for renters.
What are the implications of the median property value and property taxes for real estate investors in Sturgis, MI?
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The median property value of $88,800 and median property taxes of $2,410 in Sturgis, MI, offer a relatively affordable entry point for real estate investors. Considering the city's homeownership rate of 59.3% and the employed population of 3,742, there's a potential for rental income, especially given the presence of industries like Finance & Insurance, and Real Estate & Rental & Leasing, which could support a stable tenant base.
How does the ethnic diversity and industry mix in Sturgis, MI, influence market demand for housing?
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The ethnic diversity in Sturgis, MI, with significant White, White Non-Hispanic, and Hispanic populations, contributes to a dynamic market. The mix of top industries, including Finance & Insurance, Public Administration, and Professional, Scientific, & Management Services, suggests a varied and potentially resilient economy, which could support a steady demand for housing from a diverse workforce.
What role does the poverty rate and income inequality play in assessing tenant quality and market stability in Sturgis, MI?
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The poverty rate of 22.7% and a GINI coefficient of 0.496 in Sturgis, MI, indicate significant income inequality, which investors should consider when assessing potential tenant quality and market stability. However, the high health insurance coverage rate of 90.2% and the average commute time of 19.3 minutes suggest underlying factors of employment and access to healthcare that could contribute to a more stable tenant base, despite the economic challenges.
Sturgis MI Real Estate & City Facts
Key facts and real estate information about Sturgis MI.
What are some of the best neighborhoods to live in Sturgis?
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Some of the best neighborhoods to live in Sturgis include the northwest parts of the city, Sturgis South Side, and Middlebury. These areas are known for being clean, family-friendly, and having well-maintained landscaping. Additionally, areas like Mendon and Sturgis Township are also popular choices for living.
What are some fun things to do in Sturgis?
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There are plenty of fun things to do in Sturgis, including visiting the Sturgis Historical Museum, exploring the Camp Fort Hill, and kayaking at Fawn River Kayaking. You can also check out the unique in-town attractions such as the Sturges-Young Auditorium and the Doyle Community Center. If you're looking for more adventure, you can visit the nearby cities like South Bend and explore their restaurants and shops.
What is the food scene like in Sturgis?
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The food scene in Sturgis has undergone a transformation in recent years, with a variety of new restaurants and cuisines available. Some popular restaurants include The In-Between Restaurant, Destination 814, Essence Restaurant + Bar, and Timbers Steakhouse. You can also find Mexican restaurants, steakhouses, and fine dining options. There are also plenty of great food trucks and casual eateries to choose from.
What are the pros and cons of living in Sturgis?
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The pros of living in Sturgis include its clean and family-friendly neighborhoods, low cost of living, and plenty of outdoor activities to enjoy. However, some cons include limited job opportunities, a relatively high poverty rate, and a need for more diverse dining and entertainment options. Overall, Sturgis is a great choice for those looking for a quiet, small-town lifestyle with a strong sense of community.
Is Sturgis a good place to live?
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Sturgis can be a good place to live for those who value a quiet, small-town lifestyle with a strong sense of community. While it may have its limitations, the city has undergone significant transformations in recent years and offers a unique blend of outdoor activities, cultural events, and economic opportunities. Ultimately, whether Sturgis is a good place to live depends on your individual preferences and priorities.
⭐ 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 Sturgis MI Commercial Property: $35,245
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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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