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Wilmington, IL High Income Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Wilmington, Illinois Market population: 123K. 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 Wilmington NC Properties: 7.68%

πŸ“Š Avg Property Tax Rate For Wilmington NC Properties: 3.4600%

πŸ“Š Average Income For Wilmington NC Commercial Property: $53,983

Investor Questions For Wilmington NC

Common questions from investors exploring commercial real estate in Wilmington NC.

What is the overall investment potential of Wilmington, NC, considering its demographic and economic factors? +
The combination of a median household income of $53,983, a poverty rate of 18.1%, and a high health insurance coverage rate of 91.5% suggests a stable market with a mix of working-class and middle-class residents, making it an attractive investment opportunity. The top industries, including Healthcare & Social Assistance, Retail Trade, and Accommodation & Food Services, also indicate a diverse economy. Additionally, the city's ethnic diversity, with a population that is 73.3% White, 19.4% Black or African American, and 3.4% Asian, contributes to a vibrant cultural scene and potentially high demand for housing.
How does the commute time and transportation infrastructure impact the quality of life for residents and potential renters in Wilmington, NC? +
The average commute time of 22.1 minutes, which is relatively low, and the fact that 83.2% of commuters drive alone, indicates a convenient and accessible transportation infrastructure. This, combined with a high health insurance coverage rate of 91.5% and a median age of 37.4, suggests a high quality of life for residents and potential renters, making it an attractive location for investment. The top commute methods, including driving alone, carpooling, and working from home, also provide flexibility and convenience for residents.
What are the key factors that contribute to the stability of the housing market in Wilmington, NC, and how do they impact investment potential? +
The median property value of $283,400, median property taxes of $2,356, and a homeownership rate of 57% all contribute to a stable housing market. Additionally, the poverty rate of 18.1% and the GINI coefficient of 0.485 indicate some income inequality, but the high health insurance coverage rate of 91.5% and the diverse economy suggest a relatively stable market. The top industries, including Healthcare & Social Assistance, Retail Trade, and Accommodation & Food Services, also provide a foundation for a strong and stable economy, making it an attractive location for real estate investment.
How does the ethnic diversity and demographic makeup of Wilmington, NC impact the demand for housing and investment potential? +
The ethnic diversity of Wilmington, NC, with a population that is 73.3% White, 19.4% Black or African American, and 3.4% Asian, contributes to a vibrant cultural scene and potentially high demand for housing. The foreign-born rate of 4.5% and the median age of 37.4 also suggest a diverse and growing population, which can drive demand for housing and support investment potential. The top industries, including Healthcare & Social Assistance, Retail Trade, and Accommodation & Food Services, also provide employment opportunities and contribute to a strong and stable economy, making it an attractive location for investment.
What are the key economic and employment factors that contribute to the investment potential of Wilmington, NC, and how do they impact the quality of life for residents? +
The median household income of $53,983, employed population of 61,309, and top industries, including Healthcare & Social Assistance, Retail Trade, and Accommodation & Food Services, all contribute to a strong and diverse economy. The poverty rate of 18.1% and the GINI coefficient of 0.485 indicate some income inequality, but the high health insurance coverage rate of 91.5% and the average commute time of 22.1 minutes suggest a relatively high quality of life for residents. The combination of these factors makes Wilmington, NC an attractive location for investment, with a stable economy and a high quality of life for residents and potential renters.

Wilmington NC Real Estate & City Facts

Key facts and real estate information about Wilmington NC.

What are some of the best neighborhoods to live in Wilmington? +
Some of the best neighborhoods to live in Wilmington include Downtown Wilmington, RiverLights, Castle Hayne, Carolina Beach, Wrightsville Beach, and Sentry Oaks. Additionally, areas like Masonboro and Southport are also popular for their proximity to the beach. Luxury communities such as Airlie Place, Bel Arbor, and Bradley Creek Point offer a range of amenities and lifestyles.
What are some fun things to do in Wilmington? +
Wilmington has a variety of attractions and activities to enjoy, including visiting the Battleship North Carolina, strolling along the Riverwalk, and exploring the beautiful Airlie Gardens. You can also take a horse carriage tour, visit the Bellamy Mansion, or enjoy the sun and surf at Wrightsville Beach. For outdoor enthusiasts, there's hiking at Greenfield Lake Park or catching a sunrise at Wrightsville Beach.
What is the food scene like in Wilmington? +
Wilmington's food scene is diverse and vibrant, with a range of restaurants serving traditional Southern fare, coastal cuisine, and international flavors. Some must-try restaurants include Brasserie du Soleil, Caprice Bistro, and Ceviche's, as well as seafood spots like Fish Bites Seafood and Front Street Brewery. There are also plenty of great Asian restaurants, such as Indochine and Ida Thai, and delicious Italian and pizza options like Taste of Italy and Double Happiness.
What are the pros and cons of living in Wilmington? +
Wilmington offers a great quality of life, with a beautiful coastal location, a thriving downtown area, and a range of outdoor activities to enjoy. However, the city also has its challenges, including traffic and congestion, especially during tourist season. Additionally, the cost of living in Wilmington can be higher than in other parts of the state, and the city has experienced some growth and development issues in recent years. Despite these challenges, many residents love Wilmington for its charm, hospitality, and natural beauty.
Is Wilmington a good place to live? +
Overall, Wilmington is a great place to live, with a unique blend of small-town charm and big-city amenities. The city offers a high quality of life, with a strong sense of community, a thriving arts and cultural scene, and plenty of opportunities for outdoor recreation. While it's not perfect, and there are some challenges to consider, many people find Wilmington to be a wonderful place to call home. With its beautiful beaches, rich history, and friendly residents, Wilmington is definitely worth considering if you're looking for a great place to live in North Carolina.
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