Alpha Park Reagan Drive
Eureka, IL
Asking price
$875,000
Sites
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Cap rate
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Price / site
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About this property
Description Alpha Park is a 19-site mobile home community located on 1.60 acres in Eureka, IL. The park was developed in the 1950's and has served the community by offering an affordable housing option since that time. The property is zoned MHP. The park is not located in a flood zone. The park has local management and maintenance. The average pad site is 0.08 acres. The pads are predominantly 12 x 60 (see rent roll for full breakdown of pad sizes). There are currently not any trailers that need to be removed from the premises. Of the 15 occupied pads in the park, all are POH's averaging $765/month. Rents are approaching market levels and should be considered a value-add component for the next owner. There are currently no tenants behind in their rent. The park utilizes annual leases that transition into month-to-month. The tenants currently pay their rent by dropping it off at the bank, cashapp, or venmo. The trailers are predominantly 60's models with a few 70's models. Alpha Park is on CITY WATER & CITY SEWER! The underground water pipes are PVC and they were replaced approximately 10-years ago. The sewer lines are six-inch clay tile. The electrical pedestals are believed to be 100 amps. The park is currently paying the water/sewer bill for the tenants (perfect candidate for water meters!). The park is also paying for Garbage removal. The tenants are direct billed by their respective providers for electric and gas. The road in front of the park is owned & maintained by the City of Eureka. The park road is asphalt and is considered to be in extremely good condition. The park mows the entire park. The park utilizes a local contractor for snow removal.
All details
| Asking price | $875,000 |
|---|---|
| First seen | Sep 6, 2026 |
| Last verified | Sep 7, 2026 |
