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Taylorville, IL High Income Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Taylorville, Illinois Market population: 12K. Explore income-producing properties with verified cap rates and operating...

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⭐ 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 Taylorville IL Properties: 7.68%

πŸ“Š Avg Property Tax Rate For Taylorville IL Properties: 1.8500%

πŸ“Š Average Income For Taylorville IL Commercial Property: $42,484

Investor Questions For Taylorville IL

Common questions from investors exploring commercial real estate in Taylorville IL.

What's the overall investment potential of Taylorville, IL, considering its demographics and economy? +
Taylorville's median household income of $42,484, combined with a poverty rate of 14.6% and a high health insurance coverage rate of 93.9%, suggests a relatively stable market with a working-class population. The top industries, including manufacturing and public administration, provide a diverse economic base, while the average commute time of 22.5 minutes indicates a manageable and potentially attractive quality of life for residents.
How does the ethnic diversity and foreign-born population impact the local real estate market in Taylorville? +
The city's ethnic diversity, with a dominant White population and a small but present Black community, alongside a low foreign-born rate of 0.9%, may indicate a relatively homogeneous market. However, this stability, paired with a strong employment population of 5,322 and top industries like manufacturing, could suggest a consistent demand for housing, potentially benefiting real estate investors.
What are the implications of Taylorville's income inequality and poverty rate for real estate investors? +
The GINI coefficient of 0.475, indicating moderate income inequality, and a poverty rate of 14.6%, suggest that investors should be cautious about the potential for tenant instability. Nevertheless, the high health insurance coverage rate of 93.9% and relatively low average commute time of 22.5 minutes could mitigate some of these risks, pointing to a population with access to employment and healthcare, which are crucial for rent payment reliability.
How do the housing market conditions in Taylorville, including property values and taxes, affect investment decisions? +
With a median property value of $82,100 and median property taxes of $3,187, Taylorville presents a relatively affordable housing market. When considering the homeownership rate of 65.1% and the employed population of 5,322, investors may find opportunities in rental properties, especially given the city's diverse economic base and manageable commute times, which can support a stable rental market.
What role does the quality of life in Taylorville, including health insurance coverage and commute times, play in assessing market stability for investors? +
The high health insurance coverage rate of 93.9% and the average commute time of 22.5 minutes in Taylorville suggest a population with good access to healthcare and a manageable work-life balance. These quality-of-life metrics, combined with the city's economic diversity and relatively stable demographics, indicate a market with potential for long-term stability and growth, making it an attractive consideration for real estate investors looking for reliable returns.

Taylorville IL Real Estate & City Facts

Key facts and real estate information about Taylorville IL.

What are some of the best neighborhoods to live in Taylorville? +
Some of the best neighborhoods to live in Taylorville include the central parts of the city, such as Market Street, which is known for its quiet, tree-lined streets and close-knit community. Other desirable areas include Taylorville East and Jerome, which offer a range of housing options and amenities. However, it's worth noting that the southeast regions of the city tend to have more affordable homes, but may lack some of the amenities and community features of the more central neighborhoods.
What are some fun things to do in Taylorville? +
There are plenty of fun things to do in Taylorville, including visiting Manner's Park, which offers a playground, walking and biking trails, a swimming pool, and more. The Christian County Historical Society & Museum is also a great place to learn about the city's history and culture. Additionally, the city has a number of restaurants and shops, such as Bill's Toasty Shop and Nesty's Burger Joint, that are worth checking out. For outdoor enthusiasts, the Taylorville Park District and Lakeshore Golf Course offer plenty of opportunities for recreation and relaxation.
What is the food scene like in Taylorville? +
The food scene in Taylorville is a mix of classic American comfort food and more unique, locally-owned restaurants. Bill's Toasty Shop is a popular spot for burgers and breakfast, while Nesty's Burger Joint offers a range of creative burgers and sandwiches. Spring Garden Restaurant is another highly-recommended spot, serving up Chinese and American cuisine. There are also plenty of great food trucks and casual eateries, such as Sugar Daddys Pub and The Backyard, that offer a range of options for dining out. Overall, the food scene in Taylorville is laid-back and welcoming, with plenty of options to suit every taste and budget.
What are the pros and cons of living in Taylorville? +
One of the main pros of living in Taylorville is its small-town charm and close-knit community, which makes it easy to get to know your neighbors and feel at home. The city also has a relatively low cost of living and a range of outdoor recreational opportunities, which can be a big plus for families and outdoor enthusiasts. However, one of the cons of living in Taylorville is its limited job market and economic opportunities, which can make it difficult for some residents to find employment or advance their careers. Additionally, the city's rural location can make it feel isolated from larger cities and cultural amenities, which may be a drawback for some people. Overall, Taylorville is a great choice for those who value a quiet, small-town lifestyle and are willing to trade off some of the amenities and opportunities of larger cities.
Is Taylorville a good place to live? +
Whether or not Taylorville is a good place to live depends on your individual priorities and preferences. If you value a small-town lifestyle, outdoor recreation, and a close-knit community, Taylorville may be a great choice for you. However, if you're looking for a more urban lifestyle, a wide range of job opportunities, or access to cultural amenities, you may want to consider other options. Ultimately, Taylorville is a great choice for those who are looking for a quiet, affordable, and welcoming place to call home, but may not be the best fit for everyone.
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