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220 N Poplar ST Ludlow, IL 60949
2,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Bus / Bus w/Real Est
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $149
MLS Listing ID 12781711
Annual Tax Amount $3,412
Tax Year 2025
Lot Dimensions 280x180
Property Sub-Type Bus / Bus w/Real Est
Property Description
Ludlow Mobile Home Park is an 11-pad community with an impressive 12.8 in-place cap rate. This park is generating $5590/month in revenue. All 11 homes are tenant owned (with 3 currently on seller financing), reducing operational and maintenance responsibilities for the park owner. The park is licensed for 12 pads and has an existing single-family home on-site in need of renovations. Renovate the SFH and add a 12th pad to drive yields even higher or operate it as-is. Conveniently located near I-57 and Hwy 45, the park offers easy access to employment hubs in Rantoul, Paxton, and the Champaign-Urbana metro.
Location
State IL
County Champaign
Area Northern Champaign County / Ford County
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
Utilities Available Electric to Site
Building
Dwelling Type Bus / Bus w/Real Est
Sewer Septic Tank
Water Municipal Water
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Listed by John Wiebolt of Ellsbury Group LLC