1201 12th Street North, Princeton, MN 55371

Listing agent Phillip Li License #2563988

Listing office eXp Commercial

Listing date May 11, 2026

Source Crexi

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Overview

Princeton Mobile Home Park, located in Princeton, Minnesota, is a 23-unit community available for sale. Positioned approximately 50 miles from Minneapolis, the property includes 19 lot renters paying $303 per month, a single-family home rented for $825 per month, and three vacant lots with existing infrastructure. A new investor has the opportunity to increase rents to market rate, with average lot rents in the market at $589, presenting a potential rental growth of approximately $286. The three vacant pads offer further upside, as they are ready for immediate occupancy with full hook-ups already in place. This fully occupied lot-rent community offers operational upside primarily through below-market rents, serving a steady demand base for affordable housing within commuting distance of Minneapolis.

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Location Insight

• Map
• Local Demand

City

Princeton

County

Mille Lacs

State

Minnesota

Longitude

-93.59157

Latitude

45.584241

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FAQs

What type of property is this?

Mobile home & RV park - 23-unit mobile home park with significant rental upside.

Where is this mobile home & rv park located?

The property is located at 1201 12th Street North Princeton, MN.

What is the asking price?

The asking price for this property is $760,000.

What are key features of this property?

This property features: Significant rental upside: Increase lot rents to the market average of $589, offering approximately $286 of potential growth per lot.; Stabilized, 23‑unit mobile home park community with 19 occupied lots and a single‑family home generating immediate income.; Three vacant lots with existing infrastructure (full hook‑ups) provide immediate opportunity to increase occupancy and revenue.