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Prairie Estates Mobile Home Park

Land | 172.94 acres

Listing Contacts

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Active

Asking Price: $7,700,000
Listing Broker NameAdam Lewis
Address 

22825 CO-94, Calhan, CO 80808

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Date Added
Oct 7, 2024
Days on Market
196 days
Time Since Last Update
49 days

Details

Property TypeLand, Mobile Home Park
SubtypeResidential
Investment TypeValue Add
Pads99
Year Built1970
Lot Size (acres)172.94

Marketing Description

The Kramer Group of Marcus & Millichap is pleased to present the exclusive listing for this manufactured housing park located at 22825 CO-94 Calhan, Colorado due East of Colorado Springs.​ This 99-pad park has been occupied since the 1970’s and has the opportunity for major expansion in a growing area.​ There is a total of 172.94 acres directly off Highway 94 within a 13-minute drive of Schriever Air Force Base making this an affordable space for military personnel.​ This area has been identified as an opportunity zone and has sprung the new Mayberry residential housing development and community business center.​ There is ample opportunity to continue to grow the mobile home park & increase cash flow.​ There is abundant water available with the compacity to support up to 260 pads or other uses.​ The HWY-94 frontage could be developed as commercial.​ The park has recently undergone a major cleanup process, current management has made improvements to the landscaping and overall park presentation.​

Investment Highlights

  • 99-Pads – 97 Tenant Owned

  • 172.94 Acres of Land

  • Room for Expansion

  • On-Site Water Supports up to 260 Pads

  • Below Market Rents

  • Highway 94 Frontage

  • Growing and Developing Area

  • Within a 13-Minute Drive of Schriever Air Force Base

  • Within 20-Minute Drive of Colorado Springs

  • Location Serves as Affordable Housing Option within the Colorado Springs Area

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Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

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Listing Contacts

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Broker of Record
Adam Lewis
Broker of Record: License Type
CO ER.100091205
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