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Valley City, IL High Income Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Valley City, Illinois Market population: 7K. Explore income-producing properties with verified cap rates and...

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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 Valley City ND Properties: 7.68%

πŸ“Š Avg Property Tax Rate For Valley City ND Properties: 1.0900%

πŸ“Š Average Income For Valley City ND Commercial Property: $45,987

Investor Questions For Valley City ND

Common questions from investors exploring commercial real estate in Valley City ND.

What is the overall investment potential of Valley City, ND? +
Valley City, ND offers a stable investment market with a median household income of $45,987, a relatively low poverty rate of 12.0%, and a high health insurance coverage rate of 94.3%, indicating a reliable tenant base. The top industries, including Finance & Insurance and Manufacturing, contribute to the local economy's diversity. With a median property value of $87,100 and median property taxes of $1,785, investors can expect a relatively affordable entry point.
How does the local economy impact real estate investment in Valley City, ND? +
The local economy in Valley City, ND is driven by top industries such as Finance & Insurance, Manufacturing, and Wholesale Trade, which provides a stable employment base with 3,543 employed individuals. The median household income of $45,987 and a GINI coefficient of 0.505 suggest a relatively balanced income distribution, making it an attractive location for investors. Additionally, the average commute time of 13.5 minutes and top commute methods, including driving alone and carpooling, indicate a convenient and accessible location.
What are the key demographics that investors should consider in Valley City, ND? +
Valley City, ND has a population of 6,619 with a median age of 41.9, and a diverse ethnic makeup, including White, White Non-Hispanic, and Two Or More. The foreign-born rate of 1.4% is relatively low, indicating a stable and long-term resident base. With a homeownership rate of 59.3% and a median gross rent of $634, investors can expect a mix of rental and owner-occupied properties, providing opportunities for both rental income and long-term appreciation.
How does the quality of life in Valley City, ND impact real estate investment? +
The quality of life in Valley City, ND is characterized by a short average commute time of 13.5 minutes, a high health insurance coverage rate of 94.3%, and a relatively low poverty rate of 12.0%. These factors contribute to a stable and reliable tenant base, making it an attractive location for investors. Additionally, the top commute methods, including driving alone, carpooling, and walking, indicate a convenient and accessible location, which can positively impact property values and rental income.
What are the investment prospects for rental properties in Valley City, ND? +
The investment prospects for rental properties in Valley City, ND are promising, with a median gross rent of $634 and a rent-to-income ratio of 14.1%. The relatively low poverty rate of 12.0% and high health insurance coverage rate of 94.3% suggest a reliable tenant base. Additionally, the diverse local economy, driven by top industries such as Finance & Insurance and Manufacturing, provides a stable employment base, which can support long-term rental income and property appreciation.

Valley City ND Real Estate & City Facts

Key facts and real estate information about Valley City ND.

What are some of the best neighborhoods to live in Valley City? +
Some of the best neighborhoods to live in Valley City include the areas around Valley City State University, downtown Valley City, and the neighborhoods along the Sheyenne River. These areas offer a mix of historic homes, new construction, and convenient access to local amenities. According to Niche.com, Valley City has a number of highly-rated neighborhoods, including the area around 12th Avenue NE and 2nd Street NE.
What are some fun things to do in Valley City? +
There are plenty of fun things to do in Valley City, including visiting the Valley City State Planetarium, taking a stroll along the Sheyenne River, and exploring the unique shops and restaurants downtown. The North Dakota Winter Show is also a popular event, featuring PRCA rodeos, a petting zoo, and live music. For outdoor enthusiasts, the Sheyenne River National Scenic Byway and the North Country Trail offer opportunities for hiking, biking, and kayaking.
What is the food scene like in Valley City? +
The food scene in Valley City is a mix of classic American comfort food, Mexican cuisine, and unique local eateries. Some popular restaurants include Pizza Corner, Jimmy's Pizza, and LaCita Mexican Restaurant. There are also plenty of great food trucks and cafes, such as Wild Prairie Bakery, that offer a range of delicious options. According to Yelp, some of the top-rated restaurants in Valley City include Bridges Bar & Grill, Tavern Ninety-four, and Sabir's Dining & Lounge.
What are the pros and cons of living in Valley City? +
The pros of living in Valley City include its small-town charm, low cost of living, and convenient access to outdoor recreation opportunities. However, some cons include the limited job market and entertainment options compared to larger cities. According to Livability.com, Valley City has a strong sense of community and a growing list of community events, but it may not be the best fit for everyone, particularly those looking for a more urban lifestyle.
Is Valley City a good place to live? +
Valley City can be a great place to live for those who value a small-town lifestyle, outdoor recreation, and a strong sense of community. While it may not have all the amenities of a larger city, it offers a unique blend of natural beauty, historic charm, and modern conveniences. According to DataUSA, Valley City has a median household income of $45,987 and a median property value of $87,100, making it an affordable option for those looking to relocate to the area.
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