Four-Park Mobile Home
For Sale
Contact for pricing
1150 S Norton Ave, Marion, IN 46953
Four communities on city utilities span Marion and Richmond, Indiana, with acquisition available individually or as a portfolio.
Property SizeContact for details
Days on Market163
Property Features for 1150 S Norton Ave
General Information
Standard status
Active
Class
C
Property subtype
Mobile Home Park
Occupancy
47%
Investment Type
Value Add
Net Operating Income
$236,997
Additional Details
Asking Price
$5,000,000
Utilities to Site
Yes
Multifamily Units
252
Building Details
Units
252
Listing Agency:
eXp Commercial
Listed By:
Phillip Li · License #2563988
Source:
Crexi
Added: Mar 23
Changed: Aug 30
Last Checked: Aug 30 at 7:53PM
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 eXp Commercial
Investment Insights
Based on property information with market context.
This Indiana mobile home park portfolio comprises four communities totaling 252 lots across Marion and Richmond. The properties include Shady Acre MHP with 85 lots and Cottonwood MHP with 36 lots in Marion, plus Richmond MHC with 66 lots and Green Meadows with 65 lots in Richmond. Utility service includes city water and sewer at three communities and city water with a WWTP at Richmond MHC.
The two Marion properties are located within approximately four miles of one another, while the Richmond communities are within approximately five miles of one another. The assets may be purchased separately, in paired groupings by market, or together as the complete four-property portfolio.
The two Marion properties are located within approximately four miles of one another, while the Richmond communities are within approximately five miles of one another. The assets may be purchased separately, in paired groupings by market, or together as the complete four-property portfolio.
Key Highlights
- 252‑unit portfolio spanning four mobile home communities in Marion and Richmond, Indiana
- Shady Acre MHP includes 85 lots with city water/sewer in Marion, IN
- Cottonwood MHP includes 36 lots with city water/sewer in Marion, IN
Property Analytics
Current Use
Lease Details
252
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
122
Businesses Nearby
Explore this area
Business Placement
Demographics for 46953, IN
22,781
Population
10,095
Households
2.3
Avg Household Size
37
Median Age
16%
College-Educated
84%
High-School Grad
85.6 sq mi
ZIP Area
266
Density / Sq Mi
$46,224
Median Household Income
$25,969
Median Earnings
$800
Median Rent
$88,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Four communities on city utilities span Marion and Richmond, Indiana, with acquisition available individually or as a portfolio.
Where is this mobile home & rv park located?
The property is located at 1150 S Norton Ave Marion, IN.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 252‑unit portfolio spanning four mobile home communities in Marion and Richmond, Indiana; Shady Acre MHP includes 85 lots with city water/sewer in Marion, IN; Cottonwood MHP includes 36 lots with city water/sewer in Marion, IN
