Property summary
This 24-pad mobile home park in Atkinson, Illinois, presents a compelling value-add investment opportunity. Situated on 5.65 acres, the property boasts a stabilized NOI of $85,087 and a pro-forma NOI of $95,321, reflecting an 8.96% cap rate and a pro-forma cap rate of 10.03%, respectively. Currently operating at 88% occupancy (as of May 16, 2024), the park features 24 pads, with a mix of single and multi-section pads accommodating various trailer sizes. The majority of the 21 occupied pads… are tenant-owned homes (TOHs) paying $375/month, with a few rent-to-own (RTO) and park-owned homes (POHs) commanding higher rents. Recent rent increases in April 2024 demonstrate the potential for further revenue growth. The park benefits from city water and sewer, with residents directly billed for utilities. Asphalt roads are in good condition, and the park maintains common areas. The property includes a resident manager and maintenance personnel. Ongoing renovations are underway, and future improvements could include adding a park-owned trailer. The property is zoned B-1 & B-2, and the asking price is $950,000, translating to $39,583.33 per pad and $3.86 per square foot. Located in a town with a median home cost of $141,500 and a relatively low unemployment rate of 5.9%, Atkinson Estates offers a strong foundation for a successful mobile home park investment. The park's location offers proximity to larger cities like Kewanee, Moline, and the Quad Cities.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2021
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- Lot area
- 4.88 ac
- APN
- 09-34-427-014
- Assessed value · 2023
- $47,161
- Annual tax · 2021
- $3,834
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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