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Key Details
Property Type Commercial
Sub Type Bus / Bus w/Real Est
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12788102
Annual Tax Amount $3,707
Tax Year 2025
Lot Dimensions 2.89 Acres
Property Sub-Type Bus / Bus w/Real Est
Property Description
Available for purchase, Manufactured Housing Community, located at 524 E Jefferson St, in Toulon, Illinois, on a 2.89 acre site consisting of 1 parcel with 25 home sites for manufactured homes. Current occupancy is 28%. Sites rent at $380 per month. Site condition is considered average to fair, with good upward potential. There are utilities at each site. Gross potential yearly income, fully stabilized is at $114,000 with a capitalization rate of 7.6%,. Tax rate is very reasonable, price to sell. I got Take a look and walk the site and see the potential. Please do not disturb any tenants
Location
State IL
County Stark
Area Toulon
Zoning OTHER
Interior
Cooling None
Fireplace N
Exterior
Utilities Available Electric to Site, Natural Gas Nearby
Building
Dwelling Type Bus / Bus w/Real Est
Water Municipal Water
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Listed by Ira Lauter of L & B All Star Realty Advisors LLC