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Warren, IL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Warren, Illinois Market population: 134K. Compare commercial properties across all major asset classes with...

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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 Warren MI Properties: 7.68%

πŸ“Š Avg Property Tax Rate For Warren MI Properties: 1.6800%

πŸ“Š Average Income For Warren MI Commercial Property: $43,962

Investor Questions For Warren MI

Common questions from investors exploring commercial real estate in Warren MI.

What is the overall investment potential of Warren, MI, considering its demographic and economic factors? +
The city's median household income of $43,962, combined with a poverty rate of 17.3% and a high health insurance coverage of 91.0%, suggests a relatively stable market with a mix of working-class and more affluent residents. The top industries, including Public Administration and Manufacturing, provide a diverse economic base, while the average commute time of 23.8 minutes and high homeownership rate of 70.8% indicate a desirable quality of life.
How does the ethnic diversity of Warren, MI impact the local real estate market? +
The city's ethnic diversity, with a population that is 40.7% White, 39.8% White Non-Hispanic, and 10.7% Black, contributes to a vibrant and inclusive community, which can attract a wide range of residents and businesses. This diversity, combined with a relatively low poverty rate and high health insurance coverage, suggests a strong and resilient local market.
What are the key factors to consider when evaluating the rental market in Warren, MI? +
The rental market in Warren, MI is influenced by factors such as the median property value of $89,500, median property taxes of $38,994, and an average commute time of 23.8 minutes. Additionally, the city's employment rate, with 56,189 employed residents, and the top industries, including Finance & Insurance and Real Estate, suggest a stable and growing economy that can support a strong rental market.
How does the income inequality in Warren, MI affect the real estate market? +
The GINI coefficient of 0.412 indicates a moderate level of income inequality in Warren, MI. However, when combined with a median household income of $43,962 and a poverty rate of 17.3%, it suggests that the city has a mix of affordable and higher-end housing options. This diversity of housing stock can attract a range of buyers and renters, from working-class families to more affluent individuals.
What are the implications of the city's commute patterns and health insurance coverage for real estate investors? +
The average commute time of 23.8 minutes and the high health insurance coverage of 91.0% in Warren, MI indicate a high quality of life and a desirable location for residents. These factors, combined with the top commute methods, including driving alone and working from home, suggest that the city's infrastructure and amenities can support a strong and stable real estate market, making it an attractive location for investors.

Warren MI Real Estate & City Facts

Key facts and real estate information about Warren MI.

What are some of the best neighborhoods to live in Warren? +
Some of the best neighborhoods to live in Warren, MI, are Fitzgerald, Warren Woods, Beebe's Corners, Northeast Warren, and Hazel Park. These neighborhoods offer a great quality of life, with good schools, low crime rates, and a strong sense of community. Additionally, areas like Rochester Hills and Oakland Township are also great options, with excellent schools and a family-friendly atmosphere.
What are some fun things to do in Warren? +
Warren, MI, has a variety of attractions and activities to enjoy. While I couldn't find specific information on popular attractions, the city's proximity to Detroit and other surrounding areas provides plenty of opportunities for entertainment, cultural experiences, and outdoor activities. You can explore the local parks, visit nearby museums, or take a short drive to Detroit to experience its vibrant nightlife and entertainment scene.
What is the food scene like in Warren? +
The food scene in Warren, MI, is diverse and exciting, with a range of restaurants serving different cuisines. Some popular spots include Amo Sami's Shawarma, Felony Foods, Rusty Rooster Saloon, Jimmy's Tavern, Theo's Family Restaurant, Buddy's Pizza, Malone's Tavern, and Golden Harvest Restaurant. There are also plenty of great food trucks and local eateries to try, offering everything from tacos to African diaspora cuisine.
What are the pros and cons of living in Warren? +
Living in Warren, MI, has its pros and cons. On the plus side, the city offers a relatively low cost of living, with affordable housing options and a range of community amenities. However, some areas of Warren may have higher crime rates, and the city's economy has faced challenges in the past. Additionally, traffic and commute times can be a concern for some residents. Despite these challenges, Warren has a strong sense of community, with many residents who are proud to call the city home.
Is Warren a good place to live? +
Whether or not Warren is a good place to live depends on your individual preferences and priorities. If you're looking for an affordable place to live with a strong sense of community, Warren may be a great option. However, if you're concerned about crime rates or commute times, you may want to consider other areas. Overall, Warren has a lot to offer, from its diverse food scene to its convenient location near Detroit. With its pros and cons, Warren can be a great choice for those who are looking for a affordable and community-oriented place to call home.
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