Contact Information

Jon Fisher

License: 471.020503 (IL) 18000549 (IN) 117228 (SC)

Mobile Home Park Details

  • Price: $339,900
  • Purchase Method: Cash
  • Property ID: 1104222
  • Posted On: Jul 8, 2019
  • Updated On: May 28, 2021

Property Description

Highcross Properties is a 1.88 acre parcel on the corner of US Route 150 and Illinois Route 130 in Urbana, IL. Highcross Properties is in a very desirable location with daily traffic counts in excess of 28,000 vehicles per day. Highcross Properties is on the NE side of the intersection, Wal-Mart is on the SE side of the intersection, Aldi’s is on the NW side of the intersection, and The United States Post Office occupies the SW side of the intersection. Highcross Properties is the only corner yet to be developed for commercial development in this rapidly growing section of the Urbana-St. Joseph corridor. This parcel has already been zoned as “0060” improved commercial. Urbana is home to the University of Illinois. Currently there are 33,673 undergrads enrolled at the University, as well as an additional 15,666 graduate students. Champaign-Urbana has a combined population of 207,000 individuals. The largest employer in Urbana is the University with over 13,739 employees. The University has provided a very stable economic base for this region for over a century.

As we all know sometimes developmental land is purchased years before it is developed, and often it is limited to minimal returns based upon local agricultural rents. Highcross Properties is a developmental parcel that cash-flows with a licensed mobile home park until your project is ready to begin construction. The mobile home park has a nice house on the property that currently rents for $765/month. It also has ten pads available for rental. Eight of the ten pads are currently occupied. The park has four POH’s that average $468/month. The park also has four TOH’s that average $215/month.

The park is on city water and has its own septic system currently. Each pad has its own electric and gas meters. The park provides water & garbage to the tenants as part of its rental agreement.

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Park Information

Community Type: All Age
Number of MH Lots: 11
Total Occupancy: 81.0 %
Year Built: 1955
Average MH Lot Rent: $250
Size: 2 acre(s)

Lot Information

Singlewide Lots: 10
Doublewide Lots: 0
Triplewide Lots: 0
Park Model Lots: 0

RV Information

Number of RV Lots: 0
Average RV Lot Rent: $0

Park-Owned Homes

Number of Park-owned Homes: 5
Average Rent for Park-owned Homes: $545

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