Contact Information

Mobile Home Park Details

  • Price: $175,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 2.0%
  • Listing ID: 2976379
  • Posted On: May 22, 2023
  • Updated On: May 22, 2023


This 15 lot mobile home park has two tenants and 5 vacant mobile
homes. The homes are included in the sale and need minor repairs
prior to being move-in ready. The other 9 lots have utilities hook-ups
ran to them, so new or used homes could be moved in right away.


Lake Lillian is located in Western Minnesota right off of Highway 7.
The median income is about $55,000 for each household and
roughly $30,000 per individual. The town has a population 244
people, but it is located within 25 miles of both Willmar and
Hutchinson, MN. Many people that live in Lake Lillian commute to
either Willmar or Hutchinson for work.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 15
Total Occupancy: 13.0 %
Year Built: 1973
Average MH Lot Rent: $250
Size: 3 acre(s)

Financial Information (Actual)

Gross Income $6,000
Operating Expense $2,707
Net Operating Income $3,293
Expense Ratio 45.1 %
Debt Info

Lot Information

Singlewide Lots: 15

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 5

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