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Address is 10557 N State Route 50 Manteno, IL 60950

Todd Fletcher

ARA MHC Group

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Harvest Estates MHC

Manufactured Home Community for Sale in Manteno, Illinois

10557 N State Route 50
Manteno, IL 60950

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Sale Price: $1,100,000
 

Contact Information

Todd Fletcher
ARA MHC Group

Mobile Home Park for Sale

Number of MH Lots: 30
Size: 3.2 acre(s)
Purchase Method: Cash, New Loan
Status: Active
Property ID: 809025
Posted on: May 04, 2017
Updated on: Jul 11, 2017
Price: $1,100,000

Property Description

• Harvest Estates MHC offers 30 mobile home sites plus 1 single-family home situated on 3.18 acres only 45 minutes south of downtown Chicago, with an MSA of 9.6 million people.
• Offering includes a single-family home that is rented for $900 per month and two occupied inventory homes.
• Stable, coupon clipper in strong MHC market with subject property currently under market with rents at only $380 per month. Sunny Acres MHC is just down the road from Harvest Estates and charges $520 for lot rent including water, sewer, and trash.
• Community has only two park-owned homes, both of which are occupied. The home rents average $218 above lot rent.
• There is currently a local manager who is paid a management fee of 8%.
• Utilities are private with well water and five septic tanks.
• Excellent demographics with an average household income of $78,868 and average home value of $182,749 within a one-mile radius of the property.

Location Description

• Manteno sits about 45 minutes south of downtown Chicago and 20 minutes north of Kankakee, the county seat.
• Manteno offers residents proximity to several major employers including a Kmart distribution center, Sears distribution center and many of the county’s largest employers a short drive away in Kankakee.
• Kankakee County had a population of 110,879 as of 2015 according to the U.S. Census Bureau.
• Residents can enjoy a variety of shopping and entertainment including the Northfield Square Mall, which has over 65 shops anchored by Carson’s, JCPenney and Sears.
• Several national chains are in the area including three Starbucks locations, Target, McDonald’s, and Walmart Supercenter.
• Both Olivet Nazarene University and Kankakee Community College are within 25 minutes of the community. Olivet offers 240 areas of study with an enrollment of 4,900.

Park Information

Number of MH Lots:30
Size:3.2 acre(s)