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31482999
31483000

1100 W Locust St, Canton, IL 61520

KW
KS KS BR00226365, GA GA 408175 (+1)
NAI Martens
Listed by NAI Martens
Unpriced
59 days on market
Updated 16 days ago
Opportunity zone

Highly Amenitized MHC with Compelling Upside - 128 Spaces

Details
Property Type Mobile Home Park
Units 128
Occupancy 39.1%
Pro-Forma Cap Rate 7.00%
Acreage 25.960
Investment Type Value Add

Highly Amenitized MHC with Compelling Upside - 128 Spaces

Marketing description

Please inquire for pricing - this is an incredible value for a community of this size and quality. The property is 128 spaces in an attractive residential setting with mature trees and spacious lots. Attract your new residents with the abundance of amenities offered here - many of which have seen recent investment. There is a clubhouse, playground, dog park, picnic shelter and a storm Shelter. There are 10 vacant homes included in this deal, and several have recently been made ready, so they may actually sell/lease prior to closing.

Located just 30 minutes outside Peoria, Canton is a city of over 12,000 residents. The strongest local employment sectors are medical, government, and agriculture, with noteworthy employment centers being Illinois River Correctional Center, and Cook Medical, which manufactures medical devices. IL Broker of Record: John Sheahan, Jr., SIOR, NAI DESCO.

Investment highlights

  • All Public Utilities
  • Standout Amenity Package: Clubhouse, Playground, Dog Park, Picnic Shelter, Storm Shelter
  • Upside through Infill of Vacant Homes (10) and Vacant Sites (68)
  • Rents Significantly Lower than Nearby MHC's
  • Desirable Residential Setting with Spacious Sites & Mature Trees

Listing Contacts

KW
KS KS BR00226365, GA GA 408175 (+1)
NAI Martens
Listed by NAI Martens

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Additional Information

Name
John Sheahan, Jr., SIOR
License
471009132
Brokerage
NAI DESCO
Brokerage Phone
(314) 994-4800
Title
Broker of Record
Brokerage Address
8112 Maryland Ave Suite 300, St. Louis, MO 63105
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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