Virginia, MN Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Virginia, Minnesota Market population: 9K. Browse multifamily, office, retail, industrial, and mixed-use investment opportunities....
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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 Virginia MN Properties: 71.0000%
⭐ 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 Virginia MN
Common questions from investors exploring commercial real estate in Virginia MN.
What's the overall investment outlook for Virginia, MN, considering its demographics and economy?
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The city's median household income of $32,850, combined with a poverty rate of 23.9%, suggests a working-class market, while the 94.3% health insurance coverage indicates a level of employment stability. The top industries, including manufacturing and transportation, contribute to a diverse economy, and the relatively low average commute time of 15.5 minutes enhances quality of life.
How does the ethnic diversity and industry mix in Virginia, MN, impact real estate demand?
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The city's ethnic diversity, with 47.6% White and 2.4% Native American populations, contributes to a unique cultural landscape, while the top industries, such as manufacturing and agriculture, drive demand for housing. The employed population of 3,306 and a GINI coefficient of 0.442 suggest a relatively stable workforce, which can support rental yields and property appreciation.
What are the key factors to consider when evaluating the rental market in Virginia, MN?
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The rental market in Virginia, MN, is influenced by factors such as the poverty rate of 23.9%, the high health insurance coverage of 94.3%, and the average commute time of 15.5 minutes. These factors, combined with a median property value of $87,300 and a homeownership rate of 57.0%, suggest a relatively affordable and accessible market for renters and investors alike.
How does the quality of life in Virginia, MN, impact its attractiveness to real estate investors?
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The city's quality of life, characterized by a short average commute time of 15.5 minutes and a high health insurance coverage rate of 94.3%, makes it an attractive location for residents and investors. The top commute methods, including driving alone and carpooling, indicate a relatively convenient and accessible transportation network, which can enhance property values and rental yields.
What's the potential for long-term property appreciation in Virginia, MN, given its economic and demographic trends?
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The potential for long-term property appreciation in Virginia, MN, is influenced by factors such as the median property value of $87,300, the median household income of $32,850, and the poverty rate of 23.9%. The city's diverse economy, driven by manufacturing and other industries, and its relatively stable workforce, suggest a potential for steady property value growth, especially if the city continues to invest in its infrastructure and quality of life amenities.
Virginia MN Real Estate & City Facts
Key facts and real estate information about Virginia MN.
What are some of the best neighborhoods to live in Virginia?
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Some of the best neighborhoods to live in Virginia, MN include Iron Range Watchdog, Franklin, and Midway. These neighborhoods are known for being peaceful and family-friendly, with quiet streets and spacious yards. According to NeighborhoodScout's exclusive analysis and metrics, Franklin / Midway may be considered a retiree's dream neighborhood.
What are some fun things to do in Virginia?
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There are plenty of fun things to do in Virginia, MN. You can visit the Olcott Park, Iron Range Veterans Memorial, Superior National Forest's Lookout Mountain Trails, and the Giant Loon. The city also has a number of attractions, including the B'nai Abraham Museum & Cultural Center, Greyhound Bus Museum, and the Paulucci Space Theatre. Additionally, the Mesabi Trail offers a variety of points of interest, including the MacRostie Art Center and the Virginia Area Historical Society.
What is the food scene like in Virginia?
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The food scene in Virginia, MN is diverse and offers a range of options. Some popular restaurants include Jue's Restaurant & Lounge, Kunnari's Kitchen & Coffee House, Saigon Cafe, and the Sawmill Saloon Restaurant. You can also find casual dining options like Adventures Restaurant & Pub and Village Inn. There are also plenty of great food trucks and local eateries to try.
What are the pros and cons of living in Virginia?
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The pros of living in Virginia, MN include its peaceful and family-friendly neighborhoods, low cost of living, and plenty of outdoor recreational opportunities. However, the city also has some challenges, including a higher poverty rate and limited job opportunities. Additionally, the city's economy is heavily reliant on the mining industry, which can be unpredictable. Overall, Virginia is a great option for those looking for a quiet and affordable place to live, but it may not be the best fit for everyone.
Is Virginia a good place to live?
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Virginia, MN can be a good place to live for those who value a peaceful and affordable lifestyle. The city has a strong sense of community and plenty of outdoor recreational opportunities. However, it's essential to consider the potential drawbacks, including limited job opportunities and a higher poverty rate. Ultimately, whether or not Virginia is a good place to live depends on your individual priorities and needs. If you're looking for a quiet and affordable place to live with plenty of outdoor activities, Virginia may be a great option for you.
⭐ 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 Virginia MN Commercial Property: $32,850
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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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