Building Details

Units 9

Listing Agency: RE/MAX BEST COMMERCIAL d***@gmail.com Show Phone

Listed By: David Kempen, CCIM · License #S63178000/475.164210

Source: Crexi

Added: Feb 26 Changed: Aug 8 Last Checked: Aug 10 at 12:43PM

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Investment Insights

Based on property information with market context.

This mobile home park presents an investor opportunity. It is designed for ease of management, even from a distance. All utilities, including trash, are directly billed to the residents. The street is owned and maintained by the city. Expenses are limited to taxes, insurance, mowing of two lots, and licensing. Rents are currently below market value. The property includes only one park-owned home. The water and sewer main have been replaced in recent years. The income figures provided are based solely on lot rent and do not include home rent. A 2023 model home is available at wholesale value or by assuming the mortgage. The property is located in Erie, IL.

Key Highlights

• Easy to manage from out of town with all utilities direct billed to residents, including trash.
• Low expenses: only taxes, insurance, mowing two lots, and licensing.
• City owned and maintained street.

Property Analytics

Property Profile

Current Use

Mobile home & RV ...

Suggested Use

Top Pick Building Supply Real Estate Agency Big Box & Wholesale Store HVAC Service Auto Parts Store Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

121

Businesses Nearby

Explore this area Business Placement

Demographics for 61250, IL

2,587

Population

1,274

Households

2

Avg Household Size

43

Median Age

25%

College-Educated

96%

High-School Grad

87.2 sq mi

ZIP Area

30

Density / Sq Mi

$87,308

Median Household Income

$54,495

Median Earnings

$850

Median Rent

$168,500

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this mobile home & rv parks located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mobile home & RV park - Mobile home park with direct-billed utilities and below-market rents.

Where is this mobile home & rv park located?

The property is located at 1002-1018 13th Ave Erie, IL.

What is the asking price?

The asking price for this property is $350,000.

What are key features of this property?

This property features: Easy to manage from out of town with all utilities direct billed to residents, including trash.; Low expenses: only taxes, insurance, mowing two lots, and licensing.; City owned and maintained street.