Manteno Mobile Home
10557 N State Rte 50, Manteno, IL 60950
Call to check price and availability
31-site mobile home community with additional income potential.
Type:Mobile Home Park
Property size:
138,520 SFLot size:
3.18 AcresPrice / SF:
$7/SF- Added:
- Jul 17, 2024
- Days on Market:
- 665
- Last Refresh:
- Mar 17 at 1:26 pm
Property Features for 10557 N State Rte 50
General Information
- Standard status
- Active
- Size
- 138,520 SF
- Lot size
- 3.18 Acres
- Property subtype
- Mobile Home Park
Building Details
- Year Built
- 1975
Listing agent Jon Fisher License #IA B68919000
Listing office Mr. Landman (217) 202-0924
Listing date Jul 17, 2024
Source Crexi
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
HighLights
- Significant rent increase potential: Current lot rents average $530/month, while market rents are closer to $600/month, offering immediate upside.
- Value‑add opportunities: Vacant pad for infill, under‑market SFR rent with potential to increase to $1,500+/month, and vacant storage units for additional income.
- Recent capital improvements: Substantial investments in well and septic systems, road repairs, and installation of Metron water meters.
- Strong occupancy: 29 of 31 pads are occupied, with a renovated POH ready to rent/sell, and only one vacant pad.
- Affordable housing in a growing area: Located in Manteno, IL, with increasing home values and a growing rental market, offering a needed affordable housing option.
- Professionally managed: Resident manager in place with interest in continuing, plus a local contractor for maintenance.
Overview
Harvest Estates MHC is a 31-site mobile home community situated on 3.18 acres on the outskirts of Manteno, IL. Developed in the mid 1970's, it provides affordable housing. The property is zoned 0060 (improved commercial) and is not located in a flood zone. The park is managed by a resident manager, and a local contractor handles maintenance. The park includes 29 occupied pads, 28 of which are tenant-owned homes (TOH's) averaging $530 per month. A vacant POH is being renovated and will be ready to rent or sell prior to closing. Additionally, there is a single-family residence (SFR) on the property currently renting for $875 per month. There is one vacant pad. Rent was last raised on April 1st, 2025. The park utilizes leases, with the majority being month-to-month. Tenants pay rent via check, CashPay (Zego), and Zelle. The property operates on a private well and septic system with PVC Schedule 40 underground pipes. Electrical pedestals are believed to be 100 amps. The park provides water, septic, and garbage removal in the rent. Tenants are direct-billed for electric (ComEd) and gas (Nicor). The asphalt roads are in good condition. The park mows the entire park and contracts out snow removal as needed. The owners have recently purchased Metron water meters and are in the process of installing them, expected to be completed prior to closing. Improvements include significant upgrades to the well and septic systems, rehab and sale of POH's, and road repairs. A Source Water Protection Plan, a requirement of all well operators in Illinois by the State EPA, was completed in 2024. The property is located in Manteno, part of the Kankakee-Bourbonnais-Bradley Metropolitan Statistical Area, known for its community and quality of life, featuring parks, schools, and local businesses.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Mobile home & RV ...
Location Insight
- Map
- Local Demand
- City
- Manteno
- County
- Kankakee
- State
- Illinois
- Longitude
- -87.820581
- Latitude
- 41.273389
Nearby Similar for Sale
FAQs
What type of property is this?
Mobile home & RV park - 31-site mobile home community with additional income potential.
Where is this mobile home & rv park located?
The property is located at 10557 N State Rte 50 Manteno, IL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Significant rent increase potential: Current lot rents average $530/month, while market rents are closer to $600/month, offering immediate upside.; Value‑add opportunities: Vacant pad for infill, under‑market SFR rent with potential to increase to $1,500+/month, and vacant storage units for additional income.; Recent capital improvements: Substantial investments in well and septic systems, road repairs, and installation of Metron water meters.
