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Mobile Home Park with Vacant Sites
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404 1st Avenue Northwest, Hillsboro, ND 58045

Established park with internal roads, water and sewer infrastructure, and convenient access near Interstate 29.

Property SizeContact for details
Days on Market17

Property Features for 404 1st Avenue Northwest

General Information

Standard status Active
Property subtype Land, Mobile Home Park
Listing Agency: RE/MAX Legacy Realty
Listed By: Aaron Greterman · License #6575
Source: Crexi
Added: Sep 11 Changed: Sep 23 Last Checked: Sep 26 at 7:21AM

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 RE/MAX Legacy Realty

Investment Insights

Based on property information with market context.

Midway Mobile Home Park is a 38-site manufactured housing community at 404 1st Avenue Northwest in Hillsboro, North Dakota. The property includes 17 standard tenant-owned homes, 3 contract-for-deed homes, and 6 park-owned rental homes, with 26 sites currently producing income and 12 sites vacant.

Established internal roadways serve the community, which also has existing water and sewer infrastructure. The park is accessible from 1st Avenue Northwest and located near Interstate 29 and its interchange. The existing site count and vacant inventory provide room to increase occupancy within the current footprint.

Key Highlights

  • 38 total sites, including 26 currently income‑producing and 12 vacant
  • Housing mix includes 17 standard tenant‑owned homes, 3 contract‑for‑deed homes, and 6 park‑owned rental homes
  • Existing internal roadways throughout the park

Property Analytics

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Current Use

Mobile home & RV ...

Suggested Use

Top Pick Real Estate Agency Electrical Service Plumbing Service Kitchen & Bath Showroom Auto Parts Store Cafe & Coffee Shop

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

Location Intelligence

Trade Area within ½ mile

196
Businesses Nearby

Demographics for 58045, ND

2,298
Population
1,050
Households
2.2
Avg Household Size
39
Median Age
40%
College-Educated
97%
High-School Grad
209.8 sq mi
ZIP Area
11
Density / Sq Mi
$79,250
Median Household Income
$49,549
Median Earnings
$646
Median Rent
$203,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Established park with internal roads, water and sewer infrastructure, and convenient access near Interstate 29.
Where is this mobile home & rv park located?
The property is located at 404 1st Avenue Northwest Hillsboro, ND.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 38 total sites, including 26 currently income‑producing and 12 vacant; Housing mix includes 17 standard tenant‑owned homes, 3 contract‑for‑deed homes, and 6 park‑owned rental homes; Existing internal roadways throughout the park
More about this property
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