$ 275,000
2495 Hill Avenue Decatur, IL 62526
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$ 275,000
Est. payment | /mo
17.25 Acres Lot
$ 275,000
Est. payment | /mo
17.25 Acres Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12208278
Year Built 1959
Annual Tax Amount $2,587
Tax Year 2023
Lot Size 17.250 Acres
Property Description
Value-add opportunity with this mobile home park located on a spacious 17.25-acre.This property offers 18 mobile home pads, with 8 mobile homes currently on-site, providing immediate rental income and room for substantial expansion. Ample space for growth, additional pads, or redevelopment potential. 18 Mobile Home Pads: Currently 8 of the pads are occupied with homes, leaving room to develop and add more units to maximize returns. Utilities in Place: The site is equipped with necessary utilities, making it ready for immediate improvements or additional homes. Value-Add Potential: Significant opportunity for increasing revenue through infill of vacant pads and upgrading existing infrastructure. Convenient Location: Located in a quiet, with close proximity to major roadways and local amenities.With a mix of current income and tremendous upside potential, this mobile home park is ideal for investors looking for a hands-on project with room to grow.
Location
State IL
County Macon
Interior
Fireplace N
Exterior
Utilities Available Well-Community, Septic-Private
Waterfront false
View Y/N true
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Cole Babcock • Vieweg RE/Better Homes & Gardens Real Estate-Servi
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
2600 S. Michigan Ave., STE 102, Chicago, IL, 60616, United States