1100 W Locust St - Manufactured Housing/Mobile Housing FOR SALE


Canton, IL 61520
$2,280,000 USD
316-263-6997
1100 W Locust St, Canton, IL for Sale
$2,280,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/11
null | Request Cap Rate

1100 W Locust St
Canton, IL 61520


HIGHLIGHTS

  • 128-space community with city water and sewer, sub-metered for efficiency.
  • Onsite office and clubhouse with a strong amenity package for residents.
  • Asphalt roads and drives provide convenient internal circulation.
  • Located near major employers, retail hubs, and educational institutions.
  • Significant upside potential through rent adjustments and site infill.
  • Approximately 30 miles from Peoria, offering regional connectivity and demand drivers.

OVERVIEW

Woodland Hills offers a compelling investment opportunity in Canton, Illinois, with a 128-space manufactured housing community positioned for significant upside. The property currently operates at an occupancy rate of 39.1%, providing investors with a clear path to value creation through lease-up and rent optimization. City water and sewer services are sub-metered, ensuring efficient utility management, while asphalt roads and drives enhance accessibility throughout the community. The site includes an onsite office and clubhouse, complemented by a standout amenity package that supports resident engagement and long-term retention. Located approximately 30 miles from Peoria, the property benefits from proximity to major employers, retail centers, and educational institutions, including Spoon River College and Graham Health System. Nearby national retailers such as Walmart, Kroger, and Hy-Vee further strengthen the area’s economic base. With below-market rents, 10 vacant homes onsite, and additional infill opportunities, Woodland Hills presents multiple avenues for revenue growth. Offered at $2,280,000, this asset is well-positioned for investors seeking a value-add strategy in a growing regional market.

FOR SALE DETAILS

PRICE

$2,280,000 USD

PRICE/SF

$17 USD /SF

# OF UNITS

128

PRICE/UNIT

$17,813

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Highly Amenitized MHC with Compelling Upside

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

25.96 AC

LAND SF

1,130,818 SF

ZONING

-

APN/PARCEL ID

09-08-283-000-05

ASK ABOUT THIS PROPERTY

Kris WesselNAI MartensMore Info
316-263-6997

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Kris WesselNAI MartensMore Info
316-263-6997

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.