Listing Agency: Mr. Landman j***@gmail.com Show Phone

Listed By: Jon Fisher · License #IL 471.020503

Source: Crexi

Added: Apr 11 Changed: Aug 27 Last Checked: Aug 31 at 4:06AM

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Investment Insights

Based on property information with market context.

Wandering Springs MHP is a 95-pad mobile home community on 12.06 acres in West Peoria, Illinois. The park is believed to have been developed in the early 1970s and is currently managed by a third-party professional management firm, with a maintenance man on-site. There are 54 occupied pads, with all trailers reported as TOH and currently averaging $310 per month. The community includes 11 additional pads occupied by vacant POH units that need rehab or sale, with some missing titles, plus three abandoned trailers.

The property is zoned 0060 (improved commercial) and is located in a flood zone. Most pads are single-section pads, with sizes varying and a majority described around 0.10 to 0.15 acres, while a couple of smaller pads may be suitable for RVs or smaller trailers.

The park has public water and sewer, and the underground pipe material is believed to be a combination of PVC and copper. Residents are direct billed for electricity and gas, while water and sewer are currently paid by the park. Garbage is built into the lot and home rent, and the park roads are asphalt and considered to be in good condition. Tenants mow their own pads, the park mows common areas, and the park uses a third-party vendor to push snow as needed.

Key Highlights

• 95‑pad mobile home community on 12.06 acres in Peoria, IL
• All 54 occupied pads are TOH trailers currently averaging $310/month rent
• Public water & sewer: city water and city sewer with suspected PVC and copper underground piping

Property Analytics

Property Profile

Current Use

Mobile home & RV ...

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency Pharmacy Electrical Service Kitchen & Bath Showroom

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

Lease Details

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

267

Businesses Nearby

Explore this area Business Placement

Demographics for 61604, IL

29,344

Population

13,341

Households

2.2

Avg Household Size

39

Median Age

22%

College-Educated

89%

High-School Grad

15.2 sq mi

ZIP Area

1,931

Density / Sq Mi

$50,628

Median Household Income

$34,577

Median Earnings

$904

Median Rent

$100,000

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 - 95-pad mobile home community on city water and sewer, with asphalt roads and third-party management in place.

Where is this mobile home & rv park located?

The property is located at 2900 W Farmington Rd West Peoria, IL.

What are key features of this property?

This property features: 95‑pad mobile home community on 12.06 acres in Peoria, IL; All 54 occupied pads are TOH trailers currently averaging $310/month rent; Public water & sewer: city water and city sewer with suspected PVC and copper underground piping