Macomb, IL MHC
Macomb, IL
Asking price
$425,000
Sites
—
Cap rate
—
Price / site
—
About this property
This investment offers a new owner the ability to redevelop a double wide Manufactured Housing Community. There are currently 40 double wide homes on site, likely all in need of removal. The property features large common area concrete streets, sidewalks throughout the property, as well as street lights for the common area sidewalks. The property is 13.6 acres m/l offering further potential for site count, if a new owner would prefer a larger single wide community. All utilities are public, and are believed to be direct billed to residents. The property has been vacant for approximately 3 years, so the condition of the main lines are unknown. The property is located at the southern edge of the city, offering a quiet setting that would lend itself well to 55+ housing, or an upper tier all age community. Current ownership purchased this property through a foreclosure sale, due diligence materials will be limited to publicly available information and buyer's own due diligence. Contact Broker for Additional Details.
All details
Figures are transcribed from the source listing as published. “Source page last checked” is when our crawler last fetched that page — it is not a check of the financials and not confirmation from the broker.
| Asking price | $425,000 |
|---|---|
| Address | 1002 Lakewood Drive |
| First seen by UnitListed | Oct 26, 2026 |
| Source page last checked | Oct 26, 2026 |
| Source last changed | Oct 26, 2026 |
Before you call the broker
8 things are not disclosed on this listing. These are the questions that would close the gap — specific to a park, not a generic list.
Net operating income — not disclosed
What is the trailing twelve-month NOI, and what does it include and exclude?
The single number a lender will size debt against. Ask what is excluded — management fees and reserves are the usual omissions.
What period the financials cover — not disclosed
Are these figures trailing twelve months, last calendar year, or projected?
A projected stabilised NOI and a current operating NOI can differ by a third, and both get called "NOI".
Gross income and operating expenses — not disclosed
Can you share a trailing twelve-month profit and loss, with the expense lines itemised?
NOI alone hides whether income is high or expenses are being under-reported. The split is what you underwrite.
Reason for sale — not disclosed
Why is the owner selling, and how long have they held it?
Never published on a listing, always worth knowing. Retirement and a looming capital bill are very different situations.
Site count and hookup mix — not disclosed
How many sites are there, and how many are full-hookup, partial or tent?
Full-hookup sites earn a multiple of what a tent site does. The count alone does not tell you the income.
Operating season and seasonal mix — not disclosed
Is this year-round or seasonal, and what is the split between seasonal, monthly and transient guests?
A seasonal park with a five-month window is a different business from a year-round one at the same annual revenue.
Utility infrastructure — not disclosed
Are water, sewer and electric municipal or private, and what condition is the infrastructure in?
A private septic or well at end of life is a capital item that can exceed a year of NOI, and it will not appear in the expenses.
Permits and non-conforming use — not disclosed
Is the current site count permitted, and is any of it legal non-conforming?
A park operating more sites than it is permitted for cannot be financed at the income it shows.
Asking price — disclosed
Currency of the asking price — disclosed
Whether the land is included — disclosed
What has changed
Every date below is when we observed a change, not when it happened. We first saw this listing on Oct 26, 2026; that is not the same as when it came to market, and we have no way to know the latter.
- Oct 26, 2026First seen by UnitListed
The asking price has not changed across any of our observations.
