Riverside MHC Investment
For Sale
Contact for pricing
900 Regan Rd, Rock Falls, IL 61071
Cash-flowing mobile home park with value-add potential in Rock Falls.
Property SizeContact for details
Days on Market166
Property Features for 900 Regan Rd
General Information
Standard status
Active
Class
C
Property subtype
Mobile Home Park
Occupancy
60%
Investment Type
Stabilized
Net Operating Income
$144,669
Building Details
Units
109
Listing Agency:
Marcus & Millichap - Charlotte Uptown
Listed By:
Glenn Esterson · License #GA 355850
Source:
Crexi
Added: Feb 26
Changed: Aug 8
Last Checked: Aug 11 at 5:58AM
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 Marcus & Millichap - Charlotte Uptown
Investment Insights
Based on property information with market context.
Riverside MHC, located in Rock Falls, IL, presents a value-add investment opportunity. This mobile home community features 109 lots. The community includes 65 tenant-owned homes, 1 rent-to-own home, 4 vacant park-owned homes, and 39 vacant lots, offering an infill opportunity. The average lot rent is $320, with market lot rent estimated at $375. The property is serviced by public water and sewer, which is directly billed to tenants. Trash is provided via curbside bins, also direct billed to tenants. Roads are paved and privately maintained and in average condition. The park lies partially within a flood zone. Located along the I-88 corridor connecting Chicago to the Quad Cities, Rock Falls and neighboring Sterling serve as a key economic region in northwest Illinois. Rock Falls is home to major employers such as Wahl Clipper Corporation, E.D. Etnyre & Co., and Self Help Enterprises, while the broader area benefits from a stable workforce and access to regional healthcare, education, and light manufacturing. The community offers access to the scenic Rock River, walkable neighborhoods, and a growing demand for affordable housing.
Key Highlights
- Cash‑flowing mobile home community (MHC) with 109 lots, currently operating at a 7.0% cap rate.
- Value‑add investment opportunity with significant upside potential through increased occupancy (39 vacant lots) and rent growth (current average lot rent $320 vs. estimated market rent of $375).
- Potential for over 27% cash‑on‑cash returns by filling vacant lots and adjusting rents to market rates.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Explore this area
Business Placement
Demographics for 61071, IL
13,389
Population
6,612
Households
2
Avg Household Size
45
Median Age
17%
College-Educated
90%
High-School Grad
72.5 sq mi
ZIP Area
185
Density / Sq Mi
$57,909
Median Household Income
$40,698
Median Earnings
$752
Median Rent
$104,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Cash-flowing mobile home park with value-add potential in Rock Falls.
Where is this mobile home & rv park located?
The property is located at 900 Regan Rd Rock Falls, IL.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Cash‑flowing mobile home community (MHC) with 109 lots, currently operating at a 7.0% cap rate.; Value‑add investment opportunity with significant upside potential through increased occupancy (39 vacant lots) and rent growth (current average lot rent $320 vs. estimated market rent of $375).; Potential for over 27% cash‑on‑cash returns by filling vacant lots and adjusting rents to market rates.
