Mobile Home Park Details

  • Property ID: 1101086
  • Posted On: Jul 1, 2019
  • Updated On: Sep 20, 2019

Property Description

Marcus & Millichap is pleased to present Enchanted Gardens Mobile Home Park, a 152-space mobile housing community, located at 508 Reagan Drive in Eureka, Illinois. Eureka is a city in, and is the county seat of, Woodford County, Illinois, located approximately 143 miles southwest of Chicago, Illinois; 26 miles northwest of Bloomington/Normal, Illinois; and 20 miles east of Peoria, Illinois. The area has convenient access to Route 24 and Interstate 74.
The subject property is comprised of 154 spaces. Forty-Seven of the spaces are occupied by park owned homes.
The property is located just off of Route 24, a short drive from Eureka College and Eureka Middle School. The property is within a mile of the center of Eureka, which features a concentration of locally owned restaurants, stores, antique shops, and galleries. Just under one-half mile from the property are the Ronald Reagan Museum and Peace Garden at Eureka College, both of which are popular tourist attractions. In addition, Eureka Lake Park is just over one mile southwest of the asset. A new owner can potentially raise rents and fill the vacant sites to receive a greater return.

Location

Total Acreage: 22 Acres

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Park Information

Community Type: All Age
Number of MH Lots: 152
Total Occupancy: 86.0 %
Year Built: 1978
Average MH Lot Rent: $250
Size: 22.0 acre(s)

Utility Information

Water: City
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 47
Average Rent for Park-owned Homes: $551

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