Sycamore, KY Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Sycamore, Kentucky Market population: 18K. 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 Sycamore IL Properties: 2.8300%
⭐ 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 Sycamore IL
Common questions from investors exploring commercial real estate in Sycamore IL.
What's the overall investment outlook for Sycamore, IL, considering its demographics and economy?
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Sycamore, IL, with a median age of 33.9 and a median household income of $63,037, presents a stable investment environment, further bolstered by its low poverty rate of 8.5% and high health insurance coverage of 94.6%, indicating a reliable tenant base. The top industries, including Public Administration and Finance & Insurance, contribute to employment stability. Additionally, the city's ethnic diversity, with a majority of White and White Non-Hispanic populations, alongside a Hispanic community, suggests a culturally rich and potentially resilient market.
How does the commute time and health insurance coverage impact the quality of life for renters in Sycamore, IL?
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The average commute time of 28.2 minutes in Sycamore, IL, combined with a high health insurance coverage rate of 94.6%, suggests that renters enjoy a good quality of life with manageable commute times and access to healthcare, making the area attractive for rental properties. This, coupled with the top commute methods being driving alone, working from home, or carpooling, indicates flexibility and convenience for residents.
What role does the median property value and property taxes play in the investment decision for Sycamore, IL?
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The median property value of $174,600 and median property taxes of $4,486 in Sycamore, IL, are crucial factors for investors, as they influence the overall cost of investment and potential for appreciation. Considering the city's homeownership rate of 66.6% and the relatively stable economy, these factors suggest a balanced market that could offer opportunities for both rental income and long-term property value growth.
How does the ethnic diversity and top industries in Sycamore, IL, affect market demand for real estate investments?
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The ethnic diversity in Sycamore, IL, with its mix of White, White Non-Hispanic, and Hispanic populations, contributes to a dynamic market demand. The presence of top industries such as Public Administration, Information, and Finance & Insurance, & Real Estate & Rental & Leasing, not only ensures a stable employment market but also attracts a diverse workforce, potentially increasing demand for housing and rental properties. This diversity can lead to a more resilient and growing real estate market.
What insights can be gleaned from the poverty rate, employment population, and income inequality in Sycamore, IL, for real estate investment purposes?
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The poverty rate of 8.5% in Sycamore, IL, when considered alongside the employed population of 9,427 and an income inequality GINI coefficient of 0.391, suggests a market with a strong working-class presence and relatively low income disparity. This combination indicates a stable workforce and potential for consistent rental income, as the low poverty rate and significant employed population suggest a market where tenants are likely to have stable income sources, making it an attractive location for real estate investments.
Sycamore IL Real Estate & City Facts
Key facts and real estate information about Sycamore IL.
What are some of the best neighborhoods to live in Sycamore?
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Some of the best neighborhoods to live in Sycamore include the central parts of the city, which tend to be more desired, and the southeast regions, which offer more affordable homes. You can also consider neighborhoods like the ones mentioned on Nextdoor, which describes Sycamore as a charming, family-friendly neighborhood with beautiful, historic homes and a peaceful atmosphere.
What are some fun things to do in Sycamore?
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There are plenty of fun things to do in Sycamore, such as visiting Blumen Gardens, Sycamore Lake Rotary Park, and the DeKalb County History Center. You can also check out the events and attractions listed on Discover Sycamore, which includes a historic 1920's movie theatre, a Carnegie library, and a vintage Sting Ray museum.
What is the food scene like in Sycamore?
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The food scene in Sycamore is vibrant and offers a variety of options, including hip new restaurants like The Flame, Crooked Horns Bar & Grill, and Florentino's Charhouse. You can also try some of the local favorites like The Village Restaurant, Thai Pavillion, and Bea's Wok n' Roll. Additionally, Sycamore's Eat Week is a great time to explore the city's dining scene and try something new.
What are the pros and cons of living in Sycamore?
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The pros of living in Sycamore include its charming, family-friendly atmosphere, beautiful historic homes, and a variety of fun things to do and attractions. However, some cons might include the fact that it's a smaller city, which can limit job opportunities and entertainment options. Additionally, some areas of the city may be more affordable than others, which can be a consideration for those looking to buy or rent a home.
Is Sycamore a good place to live?
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Overall, Sycamore seems like a great place to live, with its charming atmosphere, beautiful homes, and variety of things to do and attractions. While it may have some limitations, such as limited job opportunities and entertainment options, it's a great choice for those looking for a family-friendly community with a strong sense of small-town charm. As with any city, it's worth weighing the pros and cons and considering your individual needs and preferences before making a decision.
⭐ 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 Sycamore IL Commercial Property: $63,037
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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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