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109 S Pearl St, Atkinson, IL 61235

24-pad mobile home community in Atkinson, Illinois.

Property Size246,114 SF
Lot Size5.65 Acres
Price / SF$3.66
Days on Market819

Property Features for 109 S Pearl St

General Information

Standard status Active
Size 246,114 SF
Class C
Lot size 5.65 Acres
Property subtype Mobile Home Park
Zoning B-1 & B-2
Occupancy 83%
Investment Type Stabilized
Net Operating Income $80,027

Building Details

Year Built 1960
Buildings 1
Stories 1
Units 24
Listing Agency: Mr. Landman
Listed By: Jon Fisher · License #IL 471.020503
Source: Crexi
Added: May 16, 2024 Changed: Aug 12 Last Checked: Aug 12 at 1:55PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mr. Landman

Investment Insights

Based on property information with market context.

Atkinson Estates MHC is a 24-pad mobile home community situated on 5.65 acres on the outskirts of Atkinson, IL. Developed in the 1960s, it offers affordable housing. The property is zoned 0030 (vacant residential lots) and 0060 (improved commercial) and is not located in a flood zone. A resident manager currently manages the park. The majority of the pads (19) are single section, accommodating 14 x 80 trailers, with 5 multi-section pads also available. Of the 20 occupied pads, one is a rent-to-own at $700 per month, two are park-owned homes at $750 per month, and 17 are tenant-owned homes paying $375 per month. Rent was recently raised in April 2024, and all tenants are current on their payments. Residents utilize leases and pay via check, bank deposit, Cashapp, Venmo, and Zelle. The property features public water and sewer, with underground pipes believed to be PVC. Electrical pedestals are believed to be 100 amps. Residents are direct-billed for water, electricity, and gas, while garbage is included in the rent. The park has asphalt roads in good condition. Tenants maintain their pads, while the park handles common areas. The handyman provides snow removal. Improvements include road upgrades, addition of park-owned homes, and plumbing projects. The owner suggests adding a trailer on the front lot for $800 monthly rent. Atkinson is located 16 miles from Kewanee, 31 miles from Moline, 33 miles from Bettendorf, 36 miles from Davenport, 38 miles from Rock Island, 68 miles from Peoria and 144 miles from Chicago.

Key Highlights

  • Public water & sewer: Connected to city services.
  • Strong occupancy: 20 of 24 pads currently occupied, offering stable income.
  • Rent increases: Rents recently raised in April 2024, suggesting increased revenue potential.

Property Analytics

Current Use

Mobile home & RV ...

Suggested Use

Top Pick Plumbing Service Big Box & Wholesale Store Kitchen & Bath Showroom Pet Grooming Service Florist Hair Salon

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

113
Businesses Nearby

Demographics for 61235, IL

1,328
Population
690
Households
1.9
Avg Household Size
47
Median Age
14%
College-Educated
93%
High-School Grad
52.4 sq mi
ZIP Area
25
Density / Sq Mi
$57,656
Median Household Income
$41,815
Median Earnings
$794
Median Rent
$131,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mobile home & RV park - 24-pad mobile home community in Atkinson, Illinois.
Where is this mobile home & rv park located?
The property is located at 109 S Pearl St Atkinson, IL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Public water & sewer: Connected to city services.; Strong occupancy: 20 of 24 pads currently occupied, offering stable income.; Rent increases: Rents recently raised in April 2024, suggesting increased revenue potential.
(217) 202-0924 Call to check price and availability
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