300 Mill StMarissa, IL 62257

For Sale
$445,000

47-Pad Mobile Home Parks in Marissa & Belleville, IL

Overview

Added:
Feb 3
Days on market:
40
This exceptional investment opportunity encompasses two strategically located mobile home parks in Illinois. The main property, situated at 300 W Mill Street Unit 37 in Marissa, IL, comprises a 37-pad mobile home park. This park benefits from a highly desirable in-town location and includes an adjacent 1.12-acre parcel, presenting significant potential for future expansion. The property's parcel numbers are 21-27.0-113-016, 21-27.0-113-002, and 08-18.0-301-028. The sale also includes a second, smaller mobile home park located at 3213 South Belt West in Belleville, IL. This 11-pad park currently houses 10 mobile homes, with St. Clair County regulations limiting the number of mobile homes allowed. Four mobile homes in the Belleville park are currently undergoing renovations. The combined properties offer a total of 47 pads for mobile homes, presenting a substantial investment opportunity. The current rental rates for pads and homes vary. This property is being offered at $445,000. Detailed financial information regarding operating expenses and income is available upon request.

Property Details for 300 Mill St

Property type
Residential income properties, Multifamily properties
Year Built
1950

Location Insight

City
Marissa
County
St Clair-IL
State
Illinois
Latitude
38.2455
Longitude
-89.75794
300 Mill St, Marissa, Illinois

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300 Mill St
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