10617 State Rte 50 Manteno, IL 60950-3253
Property profile & analytics
10617 State Rte 50 Manteno, IL 60950-3253
- Commercial real estate
- 1.40 lot acres
Property ID
US28-4061474
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Commercial real estate
Property Details for 10617 State Rte 50
- Lot size
- 1.40 lot acres
- Property type
- Commercial real estate
- APN
- 03-02-10-200-003
- APU
- 30210200003
Description
This exceptional 13-unit mobile home park, situated on a 1.4-acre lot in Manteno, Illinois, presents a compelling value-add investment opportunity. The property boasts 10,000 square feet of net rentable space within a total of 18,000 square feet, encompassing twelve 2-bedroom/1-bathroom mobile homes and one studio unit. Currently operating at 100% occupancy, the park generates a substantial NOI of $92,990, representing a strong 13.28% cap rate. Each unit features individually metered electricity, heat, and hot water, with the owner responsible for water and sewer. Ample on-site parking is available for residents and guests. The property's strategic location at the intersection of N 3000E Road and N State Route 50 provides convenient access to local amenities, schools, businesses, and major transportation arteries, including Interstate 57 and US Highway 52. The asking price is $700,000, translating to $53,846 per unit and $38.89 per square foot. Significant upside potential exists due to below-market rents, offering a chance to increase revenue in a supply-constrained market. Manteno offers a variety of recreational options, including parks and the Kankakee River State Park. This property is offered fee simple. Built in 1985, the property consists of thirteen single-story buildings.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Manteno
- County
- Kankakee
- State
- Illinois
- Longitude
- -87.8203
- Latitude
- 41.2746
- CBSA code
- 28100
- CBSA name
- KANKAKEE-BRADLEY, IL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,731
$52,964
$11,068
$64,032
-
$158,892
$33,204
$192,096
