47-Site Mobile Home
1501 W 4th St Sterling, IL 61081
1501 W 4th St, Sterling, IL, 61081
Contact for pricing
For Sale
Contact for pricing
Pending
Stabilized 47-site mobile home park with tenant-owned homes, park-owned rentals, apartments, and a restaurant tenant.
Days on Market293
Property Features for 1501 W 4th St
General Information
- Standard status
- Pending
- Property subtype
- Mobile Home Park, Multifamily
Listing agency
eXp Commercial
Listed by
Phillip Li · License #2563988
Source
Crexi
Added: Oct 3, 2025 Updated: Jul 22 at 4:38AM Checked: Jul 22 at 4:38AM
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.
Woodlawn Mobile Home Park offers 47 total sites, currently stabilized at 100% occupancy and producing in-place rental income from multiple on-site sources. The property includes 16 tenant-owned homes paying $300 per month in lot rent, 20 park-owned homes renting for an average of $681 per month, and 10 apartments averaging $489 per month. A restaurant tenant contributes $525 per month, and there is one vacant lot with full infrastructure in place.
City water and sewer serve the community and are sub-metered and billed back to residents. Plumbing has been updated, and water recapture rates are expected to be 100% moving forward. Over the past few years, approximately $250,000 has been invested to renovate more than half of the park-owned homes and apartments, with the remaining units previously updated by the prior owner.
Operationally, the property has benefited from optimized operating expenses and resident screening criteria designed to maintain tenant quality. An experienced on-site maintenance manager supports day-to-day operations, supporting a stabilized, turnkey profile.
City water and sewer serve the community and are sub-metered and billed back to residents. Plumbing has been updated, and water recapture rates are expected to be 100% moving forward. Over the past few years, approximately $250,000 has been invested to renovate more than half of the park-owned homes and apartments, with the remaining units previously updated by the prior owner.
Operationally, the property has benefited from optimized operating expenses and resident screening criteria designed to maintain tenant quality. An experienced on-site maintenance manager supports day-to-day operations, supporting a stabilized, turnkey profile.
Key Highlights
- Woodlawn Mobile Home Park in Sterling, IL with 47 sites and 100% current occupancy
- Income mix includes 16 tenant‑owned homes with $300/month lot rent, 20 park‑owned rentals averaging $681/month, and 10 apartments averaging $489/month
- Includes a restaurant tenant paying $525/month, plus 1 vacant lot with full infrastructure in place
Property Analytics
Location Intelligence
Current Use by Public Records
Don's Seafood & Chicken
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Mobile home & RV park - Stabilized 47-site mobile home park with tenant-owned homes, park-owned rentals, apartments, and a restaurant tenant.
Where is this mobile home & rv park located?
The property is located at 1501 W 4th St Sterling, IL.
What are key features of this property?
This property features: Woodlawn Mobile Home Park in Sterling, IL with 47 sites and 100% current occupancy; Income mix includes 16 tenant‑owned homes with $300/month lot rent, 20 park‑owned rentals averaging $681/month, and 10 apartments averaging $489/month; Includes a restaurant tenant paying $525/month, plus 1 vacant lot with full infrastructure in place
