Riverside MHC Investment
900 Regan Rd, Rock Falls, IL 61071
Cash-flowing mobile home park with value-add potential in Rock Falls.
Type:Mobile Home Park
- Added:
- Feb 26, 2026
- Days on Market:
- 75
- Last Refresh:
- Mar 17 at 1:17 pm
Property Features for 900 Regan Rd
General Information
- Standard status
- Active
- Property subtype
- Mobile Home Park
Listing agent Glenn Esterson License #GA 355850
Listing office Marcus & Millichap - Charlotte Uptown
Listing date Feb 26, 2026
Source Crexi
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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.
- Located in Rock Falls, IL, along the I‑88 corridor, a key economic region with major employers and a stable workforce.
- Tenant‑owned homes (TOH) comprise a significant portion of the occupied lots (65 TOH), reducing management responsibilities related to property upkeep.
- Public water and sewer are directly billed to tenants, reducing operational overhead.
Overview
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Mobile home & RV ...
Location Insight
- Map
- Local Demand
- City
- Rock Falls
- County
- Whiteside
- State
- Illinois
- Longitude
- -89.7430306
- Latitude
- 41.7740868
Nearby Similar for Sale
FAQs
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.
