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Prairie Place

Fully Occupied 37-Site Community Near Golf, Shopping & Universities in Bloomington, IL

Listing Contacts

Active

Asking Price: $2,710,000
Address 

3710 Daffodil Dr, Bloomington, IL 61705

Show on Map
Date Added
Oct 16, 2024
Days on Market
184 days
Time Since Last Update
23 days

Details

Property TypeMobile Home Park
SubtypeMobile Home Park
Occupancy100%
NOI$165,672
Units37
Year Built2003
Lot Size (acres)7.46

Marketing Description

Prairie Place is a 37-site, all-age community located south of downtown Bloomington, Illinois which is roughly 140 miles southwest of Chicago.​ The asset is serviced by city water and sewer which is directly billed to the residents.​ Trash is also direct billed to residents.​ The property is operating at 100% occupancy with lot rents averaging $495.​ It is situated near the Den at Fox Creek Golf Course.​ Parks, retail shopping and restaurants are a short drive away which include State Farm Park, Starbucks, CVS and Famous Dave’s Bar-B-Que.​ The MSA is home to State Farm’s corporate headquarters, Illinois Wesleyan University and Illinois State University.​

Investment Highlights

100% of the homes are newer multi-section

No park-owned homes and no vacancy

Easy access to Interstates 55 & 74

Water, sewer and trash direct billed to residents

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$165,672.00
$13,806.00/mo

Valuation Metrics

0
DSCR
6.11%
Cap Rate
6.11%
ROI

Due Diligence

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

Contact

Listing Contacts


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