208 Pease St Heyworth, IL 61745-7600

This exceptional value-add investment opportunity presents two mobile home parks in the rapidly growing Village of Heyworth, Illinois, totaling 27 pads. The property includes seven park-owned mobile homes and one vacant lot, all situated on three parcels with APNs 28-34-306-007; 28-34-306-013; 28-33-429-019; 28-33-429-004. Currently operating at 44% occupancy, this presents significant upside potential in a high-demand housing market. The parks are located at 208 E Pease St, 304 N Walnut St, and N Willis St, Heyworth, IL 61745, within McLean County. The combined square footage is between 35,284 and 59,241 square feet, zoned R-4 & R-1. The asking price is $295,000, representing a price per pad of $10,926. The pro-forma NOI is $37,053, yielding a 12.56% pro-forma cap rate. Heyworth, with a population of approximately 3,000, boasts superior schools, excellent police and fire protection, and 24-hour ambulance service. Its proximity to Bloomington (8 miles) further enhances its appeal. This property offers a compelling combination of immediate income and substantial growth potential. The sale includes all seven park-owned mobile homes.