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The Park at Clark's Run 500 E. Church St

10 Unit Mobile Home Park $399,000 ($39,900/Unit) Utica, IL 61373

Investment Highlights

  • *Highly profitable
  • Owner will train/assist new owner
  • Range from 750-1200 sq. ft.
  • Additional garage has office and storage, could rent to small business
  • 10 mobile homes owned by park owner
  • An additional garage unit with an office is currently used for storage, but could be rented to a small business

Executive Summary

10 mobile homes are owned by the mobile home park owner. Mobile homes range in size from 750 - 1200 sq. ft. 8 are currently rented. One is currently vacant and the tenth mobile home is currently used for storage but could be converted into 2, 1 bedroom 1 bath units. Mobile home park owner rents 4 lots to individual mobile home owners, one of whom is not paying rent. An additional garage unit with an office is currently used for storage, but could be rented to a small business. The mobile home park is consistently highly profitable. The owner is available to review the financials and is available to train/assist the new owner. Parcel is in a flood plain.

Property Facts

Price $399,000
Price Per Unit $39,900
Sale Type Investment
Sale Conditions Business Value Included
No. Units 10
Property Type Multifamily
Property Subtype Manufactured Housing/Mobile Home
Lot Size 5.99 AC
Building Size 261,000 SF
No. Stories 1
Year Built 1972

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
19-16-155-000
Land Assessment
$2,177
Improvements Assessment
$0
Total Assessment
$2,177

zoning

Zoning Code R (Residential)
R (Residential)
  • Listing ID: 30819792

  • Date on Market: 1/30/2024

  • Last Updated:

  • Address: 500 E. Church St, Utica, IL 61373

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