CRE Admin

Topeka, IL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Topeka, Illinois Market population: 128K. Explore income-producing properties with verified cap rates and operating...

Advertisement
Cap Rate: Any NOI: Any Tax Rate: Any Price: Any Size: Any
Clear All
No exact matches found. Showing similar properties in Illinois.
1 properties found
REI Capital advisor
Investor Pitch Deck

Don’t just search properties. See why investors choose REI Capital.

Before you compare every deal alone, download the REI Capital investment pitch and see our growth story, strategy, and next-step materials.

REI Capital advisor
⭐ 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 Topeka KS Properties: 7.68%

πŸ“Š Avg Property Tax Rate For Topeka KS Properties: 1.5300%

πŸ“Š Average Income For Topeka KS Commercial Property: $40,826

Investor Questions For Topeka KS

Common questions from investors exploring commercial real estate in Topeka KS.

What's the overall investment outlook for Topeka, KS, considering its demographic and economic trends? +
Topeka's median household income of $40,826, combined with a poverty rate of 17.0% and high health insurance coverage of 88.8%, suggests a relatively stable market with opportunities for growth. The city's diverse economy, driven by top industries like Agriculture, Forestry, Fishing & Hunting, & Mining, and Finance & Insurance, & Real Estate & Rental & Leasing, supports a strong employment market. Additionally, the average commute time of 16.6 minutes and high homeownership rate of 57.4% indicate a high quality of life for residents.
How does the ethnic diversity and income inequality in Topeka impact the rental market? +
The city's ethnic diversity, with a mix of White, White Non-Hispanic, and Hispanic populations, contributes to a vibrant rental market. However, the income inequality, as indicated by a GINI coefficient of 0.455, and poverty rate of 17.0%, may affect tenant quality and stability. Nevertheless, the strong employment market and high health insurance coverage of 88.8% suggest a relatively stable tenant base.
What are the key factors influencing property values and rental yields in Topeka? +
The median property value of $95,600 and median property taxes of $30,503 are relatively affordable, making Topeka an attractive market for investors. The city's top industries, including Agriculture, Forestry, Fishing & Hunting, & Mining, and Finance & Insurance, & Real Estate & Rental & Leasing, drive demand for housing. Furthermore, the average commute time of 16.6 minutes and high homeownership rate of 57.4% contribute to a stable and desirable living environment, supporting property values and rental yields.
How does the commute time and transportation infrastructure impact the quality of life for residents and investors in Topeka? +
The average commute time of 16.6 minutes in Topeka is relatively short, indicating a well-planned transportation infrastructure. The top commute methods, including driving alone, carpooling, and working from home, suggest flexibility and convenience for residents. This, combined with the high health insurance coverage of 88.8% and low poverty rate compared to other cities, contributes to a high quality of life, making Topeka an attractive market for both residents and investors.
What are the implications of Topeka's employment market and industry diversity for real estate investors? +
The employed population of 58,419 and diverse top industries, including Agriculture, Forestry, Fishing & Hunting, & Mining, Finance & Insurance, & Real Estate & Rental & Leasing, and Public Administration, create a stable and growing employment market. This, combined with the median household income of $40,826 and relatively high health insurance coverage of 88.8%, suggests a strong demand for housing and a favorable environment for real estate investors. The city's industry diversity also reduces dependence on a single sector, making it more resilient to economic fluctuations.

Topeka KS Real Estate & City Facts

Key facts and real estate information about Topeka KS.

What are some of the best neighborhoods to live in Topeka? +
Some of the best neighborhoods to live in Topeka include Oakland, Highland, College Hill, Westboro, and Potwin. These neighborhoods offer a mix of affordability, safety, and amenities. However, it's always a good idea to do your own research and visit the neighborhoods in person to get a feel for which one is the best fit for you.
What are some fun things to do in Topeka? +
Topeka has a lot to offer when it comes to things to do. Some popular attractions include the Kansas State Capitol, Brown v. Board of Education National Historical Park, and the Topeka Zoo. You can also visit the Combat Air Museum, the Evel Knievel Museum, or take a stroll around Lake Shawnee. If you're looking for something more low-key, you can check out the Alice C. Sabatini Art Gallery or grab a bite to eat at one of the many local restaurants.
What is the food scene like in Topeka? +
Topeka has a diverse food scene with a range of options to suit every taste and budget. Some popular restaurants include The Wheel Barrel, Blind Tiger Brewery & Restaurant, and Bobo's Drive-In. You can also find a variety of cuisines, from barbecue to fine dining, and plenty of great food trucks to try. There are also plenty of great local cafes and bakeries to grab a coffee or snack.
What are the pros and cons of living in Topeka? +
Topeka has its pros and cons like any city. Some of the pros include its affordable cost of living, rich history, and friendly community. However, some of the cons include its limited job opportunities in certain industries and traffic congestion in certain areas. Overall, Topeka is a great place to live for those who value a small-town feel with big-city amenities.
Is Topeka a good place to live? +
Topeka can be a great place to live for the right person. It offers a unique blend of small-town charm and big-city amenities, and its affordable cost of living makes it an attractive option for families and young professionals. However, it's not for everyone - some people may find it too quiet or limited in terms of job opportunities. Ultimately, whether or not Topeka is a good place to live depends on your individual priorities and preferences.
Advertisement