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Mobile Home Park

Rockford Manufactured Housing

9305 N 2nd St, Machesney Park, IL 61115

Listing Price: $700,000

Cap Rate
6.83%
Number of Spaces
30
Lot Size
3.73 acres
Occupancy
95.0%
Price/Space
$23,333
Spaces/Acre
8.00
Year Built
1970

Investment Overview

Marcus & Millichap is pleased to present Rainbow Lane Mobile Home Court, located at 9305 North 2nd St in Machesney Park, Illinois. Machesney Park is located in Winnebago County just North of Rockford. Rockford is the largest city in Illinois outside of the Chicago metropolitan area and is the third largest city in the state. Rockford is located approximately 90 miles northwest of the downtown Chicago Loop, with convenient access to Route 2, Interstate 39, and Interstate 90. Public transportation is readily available through Rockford Mass Transit District, with stops along Main Street, just footsteps from the property.

The subject property is comprised of 30 total spaces. The park includes 28 tenant-owned homes, and two park owned homes. The park covers 3.73 acres of land off highway 251. The property is located two minutes from Harlem Elementary School. Harlem School District is highly sought after in the area.

The park is approximately seven and one-half miles north of Downtown Rockford, a concentration of numerous restaurants, local businesses, storefronts, galleries, museums, and recreational parks. The city of Rockford has recently proposed the development of a Hard Rock Casino on Interstate 90 which will generate 2,000 jobs in the area. This manufactured housing park is a unique opportunity to acquire 96 potential sites across 15.29 acres of land. The property's location on a beautiful river make it very appealing to perspective tenants. A new owner can fill vacancies, add additional mobile homes, and raise rents to achieve a tremendous return.

Investment Highlights

  • 30 Total Spaces
  • Two Park Owned Homes
  • Add Value Opportunity: Below Market Rent Mobile Homes
  • Convenient Access to Route 3, Interstate 39, and Interstate 90

Exclusively Listed By

Mobile Home Park

Rockford Manufactured Housing

Listing Price: $700,000

Cap Rate
6.83%
Number of Spaces
30
Lot Size
3.73 acres
Occupancy
95.0%
Price/Space
$23,333
Spaces/Acre
8.00
Year Built
1970

Investment Highlights

  • 30 Total Spaces
  • Two Park Owned Homes
  • Add Value Opportunity: Below Market Rent Mobile Homes
  • Convenient Access to Route 3, Interstate 39, and Interstate 90

Investment Overview

Marcus & Millichap is pleased to present Rainbow Lane Mobile Home Court, located at 9305 North 2nd St in Machesney Park, Illinois. Machesney Park is located in Winnebago County just North of Rockford. Rockford is the largest city in Illinois outside of the Chicago metropolitan area and is the third largest city in the state. Rockford is located approximately 90 miles northwest of the downtown Chicago Loop, with convenient access to Route 2, Interstate 39, and Interstate 90. Public transportation is readily available through Rockford Mass Transit District, with stops along Main Street, just footsteps from the property.

The subject property is comprised of 30 total spaces. The park includes 28 tenant-owned homes, and two park owned homes. The park covers 3.73 acres of land off highway 251. The property is located two minutes from Harlem Elementary School. Harlem School District is highly sought after in the area.

The park is approximately seven and one-half miles north of Downtown Rockford, a concentration of numerous restaurants, local businesses, storefronts, galleries, museums, and recreational parks. The city of Rockford has recently proposed the development of a Hard Rock Casino on Interstate 90 which will generate 2,000 jobs in the area. This manufactured housing park is a unique opportunity to acquire 96 potential sites across 15.29 acres of land. The property's location on a beautiful river make it very appealing to perspective tenants. A new owner can fill vacancies, add additional mobile homes, and raise rents to achieve a tremendous return.

Exclusively Listed By

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