Commercial Real Estate in Illinois available for sale
Owner Financed Properties For Sale

Owner Financed Properties for Sale in Illinois, USA

More details for 4835 Louise St, Skokie, IL - Industrial for Sale

4835 Louise Strret - 4835 Louise St

Skokie, IL 60077

  • Owner Financed Property
  • Industrial for Sale
  • $684,338 CAD
  • 3,975 SF
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More details for 2495 N Hill Ave, Decatur, IL - Multifamily for Sale

2495 N Hill Ave

Decatur, IL 62526

  • Owner Financed Property
  • Multifamily for Sale
  • $345,625 CAD
  • 1,000 SF

Decatur Multifamily for Sale

Decatur Mobile Home Court is an 18-pad manufactured housing community located in Decatur, Illinois. The park spans approximately 17.25 acres and is zoned commercial, offering flexibility for future use. While a portion of the property lies within a designated flood zone, the developed area where the homes sit is outside the floodplain. The community was originally developed in the 1950s and maintains the character of a traditional, small-town mobile home park with wide spacing, mature trees, and a quiet rural setting near the edge of the Decatur metro. The current owners purchased the park roughly a year and a half ago as part of a four-park portfolio. Their goal was straightforward—clean it up, stabilize occupancy, and prepare it for sale. Since taking over, they’ve made visible improvements including selective tree removal, electrical upgrades, and rehabilitation work on several homes. The park is now positioned for a new owner to continue the stabilization process and capture the upside that remains. The community operates on private well and septic systems. Trash service is provided by the park, while gas and electric are individually metered and billed directly to tenants. The underground pipe material is unknown, and the electrical pedestals’ amp ratings haven’t been verified. Roads within the park are gravel and described by ownership as being in “fair to poor” condition but functional. The owner currently maintains the roadways, while tenants mow their own spaces. Snow removal is handled by an outside contractor on an as-needed basis. The park consists of a variety of pad sizes, including one oversized 80’×80’ site, three 80’×30’, two 70’×30’, six 65’×30’, and six 45’×30’. At present, eight of the 18 pads are occupied. There are three vacant trailers on site, though the condition and readiness of those units for occupancy is uncertain, and one home at Lot 12 is likely a teardown. Importantly, there are no park-owned homes, which keeps the operation simple and minimizes management and maintenance exposure. The average pad rent is $400 per month, with the last increase implemented in October 2025. The park uses monthly leases, with tenants paying rent online or through the on-site manager. Two tenants are currently behind on rent, but the park does have both a manager and a maintenance person in place to oversee daily operations. Offstreet parking is provided for all sites. Overall, Decatur Mobile Home Court would be considered a B- to C+ grade community—older, but serviceable and with a good foundation. The next owner will find meaningful upside through occupancy growth, cosmetic upgrades, and road improvements. With a large 17.25-acre footprint and commercial zoning, there’s also some long-term flexibility for expansion or redevelopment should market conditions allow. The current owner is open to offers that include seller financing, although his preference would be a cash sale. Given the manageable size and stable infrastructure, this property fits nicely as a first-time park acquisition or a small portfolio addition for an experienced operator seeking value-add potential in a steady Midwestern market. Decatur sits in the heart of central Illinois and serves as the seat of Macon County. The city has a long history rooted in manufacturing and agriculture and remains home to major employers such as ADM, Caterpillar, and Primient (formerly Tate & Lyle). The city’s industrial economy is supported by the Midwest Inland Port—a multimodal logistics hub that connects Decatur by rail and highway to the rest of the Midwest. Affordable housing continues to perform well across the Decatur area as rising rents and limited new development keep demand steady for manufactured housing. The park’s location provides quick access to major employers while maintaining a quiet setting removed from heavy traffic. Decatur Mobile Home Court offers investors a manageable, well-located community with tangible upside and minimal park owned home exposure. With occupancy to grow, modest rents, and infrastructure already in place, it’s the type of property that can deliver both short-term returns and long-term stability in a market known for consistent workforce housing demand. Location: Decatur is the largest city in Macon County, Illinois, and its county seat. The city was founded in 1829 and is situated along the Sangamon River and Lake Decatur in Central Illinois. As of the 2020 census, it had a population of 70,522. It is the 17th-most populous city in Illinois and the sixth-most populous outside the Chicago metropolitan area. Decatur has an economy based on industrial and agricultural commodity processing and production. The city is home to Millikin University and Richland Community College. The median home cost in Decatur is $83,400. Home appreciation the last 10 years has been 33.9%. Home Appreciation in Decatur is up 11.6%. Renters make up 33.6% of the Decatur population. The average 1-bedroom unit rents for $730/month. The average 2-bedroom unit rents for $890/month. The average 3-bedroom unit rents for $1,240/month. The average 4-bedroom unit rents for $1,320/month. Decatur has an unemployment rate of 10.3%. The US average is 6.0%. Future job growth over the next ten years is predicted to be 22.5%, which is lower than the US average of 33.5%. The Median household income of a Decatur resident is $45,111 a year. The US average is $69,021 a year. Decatur violent crime is 31.4. (The US average is 22.7) Decatur property crime is 47.1. (The US average is 35.4)

Contact:

Mr. Landman

Property Subtype:

Mobile Home Park

Date on Market:

2025-11-07

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More details for 717 Bellwood Ave, Bellwood, IL - Retail for Sale

Club 717 - C717-B-IL-TO - 717 Bellwood Ave

Bellwood, IL 60104

  • Owner Financed Property
  • Retail for Sale
  • $898,625 CAD
  • 4,317 SF
  • Air Conditioning

Bellwood Retail for Sale - Melrose Park Area

Beloved Freestanding Bar w/Kitchen Bellwood, IL - Property Included! Listing Summary: A rare opportunity to purchase a turnkey bar with kitchen and its valuable real estate. An historic freestanding building with a striking updated exterior. And a warm and inviting interior with high ceilings, exposed ductwork, vintage brick, wooden floors, cool lighting and an incredible old-school bar. Plus, ample seating at the bar and high-top tables. In addition to large screen tvs to watch all the games. Also, a nicely fenced-in patio with an additional building and a second bar out back - great for overflow, private parties and events. Asset sale with property - all furniture, fixtures and equipment (FF&E) included. And priced below market value! Its flexible layout works for a sports bar, bar & grill, lounge or a restaurant with late-night component. Also, a great place for live entertainment and private events. Bring your concept here. If you have always wanted to own your own bar w/kitchen, this is the perfect opportunity for you. And with living quarters upstairs, a phenomenal “work-live” venture or can be rented out for additional income. A chance to own the venue - not just the business! Ideal for an owner/operator or an investor seeking a flexible venue with tenant and rental income, plus build equity! Location: Prime retail space in a freestanding building with great signage, high visibility, easy access and ample parking. Perfectly situated in the heart of several close-knit neighborhoods - surrounded by a dense residential area of homes. Also, near retail and services. Plus, close to several large industrial parks and a huge candy manufacturer! Strategically positioned just off a major thoroughfare and in close proximity to other main arterials with quick access to I-290 and I-294. And close to Metra commuter rail stations. Centrally located in Bellwood, a near-west suburb about 13 miles west of downtown Chicago. Bordered by the villages of Maywood to the north, Hillside to the south, Broadview to the west and Melrose Park to the east. Property Information: 4,371 sqft two-story masonry freestanding mixed-use building with a 2-bedroom/1-bathroom apartment upstairs. And its own parking lot with room for 17 vehicles, plus street parking. On 8,937 or .2 acres. Zoned B-1. 3 pin #’s 15-09-319-001-0000: 15-09-319-002-0000: 15-09-319-003-0000. Real estate taxes $10,582. Square Feet: 4,371. Seating: 100+ Inside & Out. Value of FF&E: Included In Asking Price (Valued at $200,000). Seller Financing Available: No. Reasons for Selling: Retiring. Competition/Market: Nicely built-out bar with kitchen and room for entertainment. Flexible layout for multiple concepts. Cool historic building. Updated exterior. Prime neighborhood and commercial location. Minutes to/from major corridors and I-290, I-294. And close to Metra UP-West stations and bus routes. Growth & Expansion: Longstanding local favorite bar. Area gem. A beloved neighborhood hangout. Staple in the community. Has always been THE place to go. Benefits from a strong residential and industrial base. Surrounded by a dense population and workforce within a 3-mile radius. Steady after-work and weekend traffic! Feel free to stop by the location first. Showings by appointment only. Listed by Tom Traina & Theo Theodosiadis at EatZ & Associates / EatZ Real Estate Group LLC

Contact:

EatZ Real Estate Group LLC

Property Subtype:

Bar

Date on Market:

2025-11-06

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More details for 1520 Hannah Ave, Forest Park, IL - Flex for Sale

1520 Hannah Ave

Forest Park, IL 60130

  • Owner Financed Property
  • Flex for Sale
  • $967,750 CAD
  • 6,000 SF
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More details for 1540 Hannah Ave, Forest Park, IL - Flex for Sale

1540 Hannah Ave

Forest Park, IL 60130

  • Owner Financed Property
  • Flex for Sale
  • $2,073,750 CAD
  • 13,000 SF
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More details for 225 S Barnett, Nauvoo, IL - Multifamily for Sale

225 S Barnett

Nauvoo, IL 62354

  • Owner Financed Property
  • Multifamily for Sale
  • $1,175,125 CAD
  • 169,448 SF

Nauvoo Multifamily for Sale

Nauvoo Mobile Home Park is a well-maintained, 25-pad manufactured housing community located in the historic river town of Nauvoo, Illinois. Situated on 3.89 acres and zoned commercially for manufactured housing, the property presents a stable, income-producing investment with immediate upside potential through infill opportunities. Believed to have been established approximately 70 years ago, the park has stood the test of time in a community that continues to draw steady regional interest for its quality of life, affordability, and tourism appeal. Nauvoo sits along the scenic Mississippi River in Hancock County, Illinois, roughly 90 miles west of Peoria and 45 miles southwest of Burlington, Iowa. Best known for its deep historical ties to the Church of Jesus Christ of Latter-day Saints (LDS), Nauvoo attracts hundreds of thousands of visitors each year who come to tour the beautifully restored Nauvoo Temple, pioneer-era homes, and living-history sites. Tourism supports a vibrant small-town economy with restaurants, shops, and lodging catering to both visitors and residents. Beyond its religious tourism base, the area also offers river recreation, wineries, and local festivals, providing year-round activity and stability for the local housing market. The park’s current owner has held the property for a little over a year and is selling as part of a broader asset repositioning strategy. The community is not located in a flood zone, and its commercial zoning ensures the continued legal operation of the park. Nauvoo MHP currently operates with 25 total pads, 21 of which are occupied, offering a high occupancy rate and immediate cash flow. The property is professionally managed with both an on-site manager and an on-site maintenance man providing consistent oversight and upkeep. Of the 25 pads, 18 are tenant-owned homes (TOHs) and 3 are park-owned homes (POHs). The average pad rent is $300 per month, with the most recent increase effective August 1, 2025. The three POHs rent for an average of $650 per month, with the owner holding clear titles to all. The last rent increase for the park-owned homes occurred on May 1, 2025. The park maintains 100% current rent collections, and all tenants are on written leases. Rent payments are accepted via Cash App, Venmo, and traditional checks, providing convenience and consistent collections. There are no tenants behind on rent at this time. No units are being held for back taxes. The park is connected to city water and city sewer, both of which are paid by the park. Garbage service is also provided. The underground water and sewer lines are believed to be PVC, ensuring durability and reduced maintenance costs. Each pad has individual electric and gas meters, and tenants are billed directly by the utility providers. While there are no water meters installed at each pad and no RUBS or back-billing, the system is fully functional and easily adaptable for future meter installations. The electrical pedestals are rated at 100 amps. Roads within the park are gravel and considered to be in good condition, with maintenance handled by the park. Tenants mow their own lots, while the park mows the common areas and vacant pads, and the on-site maintenance man provides snow removal as needed. The current owner has renovated three homes during his ownership, improving the overall quality and appearance of the community. He notes that if he were to retain the property, his next step would be to add two homes on the remaining vacant pads to achieve full occupancy. All existing trailers are in place and no removals are required, with one trailer currently vacant and ready for occupancy. Nauvoo MHP offers investors a stable and straightforward acquisition in a tight-knit, tourism-supported community. The park’s strong collections, reliable tenancy, and public utilities provide a low-maintenance investment with room for incremental income growth through modest rent increases or full occupancy. With its established infrastructure, local management in place, and proximity to one of Illinois’ most visited historic towns, this property combines dependable cash flow with long-term appreciation potential. There are no assumable loans or creative financing structures in place for this MHP; the seller is NOT open to seller-financing or Morby Stack offers. Location: Nauvoo is a small city in Hancock County, Illinois, on the Mississippi River near Fort Madison, Iowa. The population of Nauvoo was 950 at the 2020 census. Nauvoo attracts visitors for its historic importance and its religious significance to members of several groups: The Church of Jesus Christ of Latter-day Saints; the Community of Christ (formerly the Reorganized Church of Jesus Christ of Latter-day Saints); other groups stemming from the Latter Day Saint movement; and the Icarians. The city and its immediate surrounding area are listed on the National Register of Historic Places as the Nauvoo Historic District. The Church of Jesus Christ of Latter-day Saints also owns most of the other historic sites in Nauvoo, including the homes of Brigham Young, Heber C. Kimball, and other early members of the church, as well as other significant buildings. Most of these sites are open to the public, with demonstrations and displays, and there are self guided driving tours as well as wagon tours. These tours are free, as are the stage and riverside theatrical productions. There is a large visitors' center complete with two theaters. The median home cost in Nauvoo is $123,700. Home appreciation the last 10 years has been 45.4%. Home Appreciation in Nauvoo is up 14.9%. Renters make up 25.0% of the Nauvoo population. The typical 1-bedroom unit rents for $650/month. The typical 2-bedroom unit rents for $780/month. The typical 3-bedroom unit rents for $1,040/month. The typical 4-bedroom unit rents for $1,200/month. Nauvoo has an unemployment rate of 5.3%. The US average is 6.0%. Future job growth over the next ten years is predicted to be 17.2%, which is lower than the US average of 33.5%. The Median household income of a Nauvoo resident is $43,000 a year. The US average is $69,021 a year. Nauvoo violent crime is 17.5. (The US average is 22.7) Nauvoo property crime is 19.9. (The US average is 35.4) The Fort Madison–Keokuk, IA-IL-MO Micropolitan Statistical Area, as defined by the United States Census Bureau, locally known as the "Tri-State" area, was an area consisting of three counties – one in southeast Iowa, one in northeast Missouri, and one in west central Illinois, anchored by the cities of Fort Madison, Iowa and Keokuk, Iowa.

Contact:

Mr. Landman

Property Subtype:

Multi Family

Date on Market:

2025-10-28

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More details for 2200 S Court St, Grayville, IL - Hospitality for Sale

Quality Inn Grayville - 2200 S Court St

Grayville, IL 62844

  • Owner Financed Property
  • Hospitality for Sale
  • $4,009,250 CAD
  • 61,583 SF
  • Fitness Center
  • Restaurant

Grayville Hospitality for Sale

This 60 unit, two-story interior-corridor hotel is located in Grayville, Illinois, within White County. Ideally situated between Louisville and St. Louis and just three miles from the Indiana border, the property offers convenient access to Interstate 64. The hotel is in excellent condition, having undergone numerous interior renovations, with only minimal updates remaining. The hotel is a solid concrete build, and all rooms were updated in 2019. The hotel has empty rooms for offices and maintenance, which could be converted into a large 4-5 room manager's apartment as well. Several amenities such as the bar, swimming pool, and restaurant are currently closed, presenting an opportunity for a new owner to reopen them and maximize profitability. Despite these closures, the property continues to offer a variety of guest amenities, including a fitness center, continental breakfast area, casino room, laundry facilities, and 147 parking spaces with dedicated truck and RV parking that generates additional income. Gaming machines produce approximately $25,000 of revenues annually. Grayville is historically known for its oil and gas drilling, among other demand generators in the area. The city is diversifying its economy through growth in renewable energy, such as wind and solar power, and advanced manufacturing. Local initiatives aim to attract technology firms and other emerging sectors to reduce dependence on traditional industries and create new employment opportunities.

Contact:

Amber Hotel Company

Property Subtype:

Hotel

Date on Market:

2025-10-27

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More details for 1640 W Fullerton Ave, Chicago, IL - Retail for Sale

1640 W Fullerton Ave

Chicago, IL 60614

  • Owner Financed Property
  • Retail for Sale
  • $6,013,875 CAD
  • 5,274 SF
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More details for 4211 State St, East Saint Louis, IL - Land for Sale

4211 State Street - Commercial/Industrial - 4211 State St

East Saint Louis, IL 62205

  • Owner Financed Property
  • Land for Sale
  • $110,600 CAD
  • 3.44 AC Lot
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More details for 5201 W 167th St, Oak Forest, IL - Retail for Sale

Restaurant w/ Drive-Thru - 5201-OF-IL-TT - 5201 W 167th St

Oak Forest, IL 60452

  • Owner Financed Property
  • Retail for Sale
  • $449,313 CAD
  • 820 SF
  • Air Conditioning
  • Restaurant

Oak Forest Retail for Sale - Near South Cook

Turnkey Freestanding Restaurant w/Drive-Thru Oak Forest, IL - With Property! Listing Summary: Previously operated as a popular sandwich shop offering beef sandwiches (corned, brisket or pastrami), plus Italian beef, gyros, hot dogs, burgers and other comfort food favorites. Fast-food restaurant. Simple operation - counter service. Dine-in or out, carryout, convenient pickup window and drive-thru. The current layout features a kitchen, prep area, cozy dining area and outdoor seating on its covered front porch. Its updated build-out features high ceilings, new flooring, french doors and more. Also, electronic menu boards and a large screen tv. And a fully equipped kitchen that includes a 5ft hood, table-top oven, convection oven, warmer, meat slicer, 2-door refrigerated prep table, 2-door reach-in beverage cooler, 2-door reach-in cooler, 2-door reach-in freezer and more, plus a detached walk-in cooler on a concrete foundation along the rear of the building. Well established restaurant location for many years. Asset sale with property - all furniture, fixtures and equipment (FF&E) included. Turnkey! Bring your concept here. A versatile gem awaiting a savvy owner-operator. Own your own building and lot outright (no landlord or rent). Perfect for a beef/burgers/gyros/hot dog joint, sandwich shop, deli, coffee shop, ice cream/frozen yogurt/gelato, juice bar, smoothies, gaming café or any quick-service eating & drinking establishment. Location: Prime retail space in a freestanding building with pickup window, drive-thru and large monument sign. Boasts great signage, excellent visibility, easy access and its own parking lot. Perfectly situated on 167th St - a well-traveled retail and commuter corridor with over 18,000 vehicles per day. Just west of Cicero Avenue (IL-50) - a major north-south arterial with over 34,000 vehicles per day, connecting Oak Forest to Midlothian, Country Club Hills, Crestwood and Alsip. Plus, in close proximity to Interstate 57 (1 mile west) and Interstate 294 (Tri-State Tollway) for excellent regional access. Just minutes from the Oak Forest Metra Station, Oak Forest City Hall & government offices, the village’s business district, Oak Forest High School and more. Plus, close to residential neighborhoods, schools, light industrial parks and retail. Surrounded by a densely populated residential area with over 130,000 residents within a 5-mile radius with an average household income over $90,000. Ideally located in Oak Forest, a thriving far southwest suburb 20 miles from downtown Chicago! Property Information: 740 sqft well-maintained one-story masonry freestanding building with front porch, pickup window, fully functional drive-thru with menu board, large pylon sign and parking lot for 7 vehicles. Built in 1957. Remodeled in 2015 and 2021. Drive-thru, additional HVAC and interior updates were done in 2021. On 17,424 sqft or .4 acres. Class B. Zoning B-2. 2024 real estate taxes $16,481. Square Feet: 740. Seating: 8 Inside & 20 Outside. Value of FF&E: Included In Asking Price (Valued at $40,000). Value of Inventory: Not Included In Asking Price. Seller Financing Available: No. Reasons for Selling: Available. Competition/Market: A rare freestanding building with pickup window, drive-thru and dedicated parking lot in the area. Fully built, updated and operational - save time and money. Countertop service setup - efficient. Flexible layout for multiple uses - suitable for many concepts. Great curb appeal - inviting exterior. Excellent visibility - prime frontage on 167th St and large monument sign. Easy ingress/egress - from multiple directions. Growth & Expansion: Established reputation as a local favorite stop. Longstanding neighborhood restaurant. Consistent customer flow - strong repeat traffic. Strategically located on 167th St - one of Oak Forest’s busiest east-west corridors. Also, strong daily traffic from nearby Cicero Ave (IL-50). Surrounded by a consistent daytime and evening customer base. And the potential to add gaming! Feel free to stop by the location. If interested, please email Tom Traina or him for more information. Showings by appointment only. Contact Tom Traina at EatZ & Associates / EatZ Real Estate Group LLC

Contact:

EatZ Real Estate Group LLC

Property Subtype:

Fast Food

Date on Market:

2025-10-13

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More details for The Pershing Portfolio – for Sale, Chicago, IL

The Pershing Portfolio

  • Owner Financed Property
  • Mixed Types for Sale
  • $8,156,750 CAD
  • 2 Properties | Mixed Types
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More details for 612 Court St, Ottawa, IL - Office for Sale

612 Court St

Ottawa, IL 61350

  • Owner Financed Property
  • Office for Sale
  • $551,618 CAD
  • 5,000 SF
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More details for 625 Rose Rd, Lake Zurich, IL - Land for Sale

625 Rose Road - 625 Rose Rd

Lake Zurich, IL 60047

  • Owner Financed Property
  • Land for Sale
  • $2,474,675 CAD
  • 5.34 AC Lot

Lake Zurich Land for Sale - Central Northwest

iReal Estate Commercial is excited to offer a 5.34-acre land site for sale, located at 625 Rose Road in Lake Zurich, Illinois, a northwest suburb of Chicago in Lake County. This development opportunity is zoned Industrial I-1 and I-2 and allows for a wide range of permitted uses, including manufacturing, transportation, construction, wholesale trade, agriculture, retail, office, and flex space. Truck parking is allowed with a special use permit and a building on the site. The owners invested nearly $1 million to develop a pad-ready building site. This prepared site will save buyers significant costs associated with engineering, construction, permits, and, most importantly, time, as it typically takes around one year to create a pad-ready site. Seller financing is available through a short-term loan at a discounted rate. The site is situated within the Lake Zurich Industrial Park, conveniently located just off Route 22 (Half Day Road/Main Street). This industrial and office park features 100 industrial/flex properties, with overall occupancy exceeding 94%. The area boasts a strong and stable workforce in Lake County, lower property taxes compared to neighboring counties, and near major interstate highways. The region's transit network is among the largest and most efficient globally. Its extensive freeways, centralized location, rail-truck intermodal facility, and the Port of Chicago make it a key logistics hub. Chicago serves as the nation's premier freight rail hub, with major carriers like BNSF, Union Pacific, CSX, and Norfolk Southern.

Contact:

iReal Estate Commercial, Inc.

Property Subtype:

Industrial

Date on Market:

2025-09-16

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More details for 1000 Hanson St, Murphysboro, IL - Office for Sale

1000 Hanson St

Murphysboro, IL 62966

  • Owner Financed Property
  • Office for Sale
  • $353,920 CAD
  • 2,160 SF
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More details for TBD Clifty Ln, Goreville, IL - Land for Sale

TBD Clifty Ln

Goreville, IL 62939

  • Owner Financed Property
  • Land for Sale
  • $68,987 CAD
  • 8.99 AC Lot
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More details for 253 Sutton Rd, Streamwood, IL - Land for Sale

Route 59 Development Opportunity - 253 Sutton Rd

Streamwood, IL 60107

  • Owner Financed Property
  • Land for Sale
  • $3,041,500 CAD
  • 2.50 AC Lot
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More details for 4808 Paradise Rd, Mattoon, IL - Multifamily for Sale

4808 Paradise Rd

Mattoon, IL 61938

  • Owner Financed Property
  • Multifamily for Sale
  • $760,375 CAD
  • 1,000 SF

Mattoon Multifamily for Sale

Lakelake Estates Mobile Home Park is a 91-pad community situated on 9.55 acres in Mattoon, Illinois. Developed in 1960, the park has been under current ownership for the past six years. The seller owns a broader portfolio of mobile home parks concentrated in the Pacific Northwest, and this asset is considered a geographical outlier, prompting the decision to sell. The property is zoned Commercial 0060-R3 and represents a value-add opportunity in a growing part of Mattoon, near the rapidly expanding Emerald Acres development and other residential growth corridors. The park is fully serviced by city water and city sewer, with both utilities along with garbage service currently backbilled to the tenants. Underground pipe materials throughout the park are a mix of types. Each pad is individually metered for electrical, gas, and water. Electrical pedestals within the park range between 50, 100, and 200 amp units. While all vacant pads appear ready to accept new trailers, some may require updated electrical pedestals to meet modern standards. Roads throughout the park are asphalt and considered to be in average condition, with the park handling ongoing road maintenance and snow removal. Tenants are responsible for mowing their own lots, while the park maintains the common areas and vacant pads. Currently, 17 of the 91 pads are occupied. Of those, 16 are tenant owned homes paying an average of $385 per month, and 2 are park-owned homes renting for an average of $390 per month. There is one additional vacant trailer on-site, but no homes are in poor enough condition to warrant removal. All leases are structured on a month-to-month basis. Rent was last increased on January 1, 2025. Eight tenants are currently behind on rent, presenting an opportunity for improved collections under new ownership. The park employs a manager and a maintenance person, providing consistent on-site oversight. Tenants have the convenience of paying rent online or at Walmart. Off-street parking is available for all residents. Lakelake Estates offers a solid foundation for an investor seeking a turnaround opportunity in a market showing signs of steady growth. With city utilities, solid infrastructure, and a large number of vacant pads that could be redeveloped or infilled, there is substantial upside for an experienced operator. While the seller may entertain short term seller financing for the right buyer, their preference is to be cashed out. Location Mattoon is a city in Coles County, Illinois. The population was 16,870 as of the 2020 census. The city is home to Lake Land College and has close ties with its neighbor, Charleston. Both are principal cities of the Charleston–Mattoon Micropolitan Statistical Area. The town is home to the "Original" Burger King. The median home cost in Mattoon is $96,400. Home appreciation the last 10 years has been 43.3%. Home Appreciation in Mattoon is up 13.5%. Renters make up 35.1% of the Mattoon population. Mattoon has an unemployment rate of 5.6%. The US average is 6.0%. Future job growth over the next ten years is predicted to be 33.3%, which is lower than the US average of 33.5%. The Median household income of a Mattoon resident is $41,320 a year. The US average is $69,021 a year. Mattoon violent crime is 17.7. (The US average is 22.7) Mattoon property crime is 29.5. (The US average is 35.4) The climate in Mattoon, IL is humid and continental. The summers are hot and humid with temperatures averaging in the mid-80s and sometimes reaching into he 90s. Winters are cold with temperatures averaging in the high 20s to mid 30s, with occasional snowfall from November through March. Spring and fall are mild with temperatures ranging from the 40s to 70s. Overall, Mattoon has a typical Midwestern climate. Mattoon, Illinois gets 40 inches of rain, on average, per year. Mattoon averages 16 inches of snow per year. Charleston is a city in and the county seat of Coles County, Illinois. The population was 17,286, as of the 2020 census. The city is home to Eastern Illinois University and has close ties with its neighbor, Mattoon. Both are principal cities of the Charleston–Mattoon Micropolitan Statistical Area. Coles County is a county in Illinois. As of the 2020 census, the population was 46,863. Its county seat is Charleston, which is also the home of Eastern Illinois University. The city of Mattoon recently started construction of a $70,000,000 sports complex that is projected to bring in 250,000 out of area visitors annually. This facility will be opening in 2024/2025. Here is a breakdown of the scope of the facility: • 4 Baseball/Softball/Multipurpose Turf Fields (300ft) • 4 Baseball/Softball/Multipurpose Turf Fields (400ft) • 4 Soccer/Multipurpose Turf Fields • 4 Soccer/Multipurpose Grass Fields • Championship Fields & warm-up areas • Walking/Bike Path • 140,000 sq ft Indoor Facility – 8 Basketball Courts (16 volleyball courts) – Collegiate Locker Rooms – Family Entertainment Center – Medical Tenant Space – Seating for ~3,000 for large events The economic impact of this sports complex is going to be huge for Mattoon. Here are their current projections: •30 year economic impact of: $3.3 billion •Annual economic impact of $110.5 million in Mattoon $54.4 million on-site $56.1 million off-site •Construction Impact of $194.6 million Lakeland Estates is located within two miles of this new development.

Contact:

Mr. Landman

Property Subtype:

Mobile Home Park

Date on Market:

2025-08-01

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More details for 1945 S Schuyler Ave, Kankakee, IL - Multifamily for Sale

Russ Mobile Home Park - 1945 S Schuyler Ave

Kankakee, IL 60901

  • Owner Financed Property
  • Multifamily for Sale
  • $1,659,000 CAD
  • 1,000 SF

Kankakee Multifamily for Sale

***Update 09-242025...The seller will now consider seller financing at 25-30% down, 6% interest, with a 5-year balloon. Russ Mobile Home Park is a 20-pad community located in Kankakee, Illinois, positioned on 2.60 acres. Originally developed in the 1970s, the park holds a zoning classification of 0040 (Improved Lots) and is situated outside of any flood zone. The current owner has managed the property for one year, operating it as an owner managed park without an on-site manager. However, the owner believes one of the current tenants could potentially serve in that role. A maintenance person is in place for regular upkeep. The property also includes a 1,000 sq. ft. single-family residence. The park consists of 20 mobile home pads, all occupied by park owned homes (POH), with 16 pads currently filled and four vacant POH units. One additional trailer is in poor condition and scheduled for removal. The park has no tenant-owned homes. POH units rent for an average of $900 per month. Lot rent is assumed at $525/month based on market comparables in the Kankakee and south suburban Chicago areas. The park currently operates on annual leases, with tenants paying rent via Selle, Cash App, or Apple Pay. One tenant is currently behind on rent. Russ Mobile Home Park is served by city water and city sewer, with tenants billed directly by utility providers. Each pad is equipped with electric, gas, and water meters. Electrical pedestals at each site are rated at 100 amps. The owner is not certain of the underground pipe composition. Utilities are not back-billed to tenants. The park has gravel roads in fair condition, which are maintained by the owner. Tenants are responsible for mowing their own areas, while the park maintains common areas and vacant pads. Off-street parking is provided for all tenants. When purchased, the park was entirely vacant. Since acquisition, the owner has completed substantial improvements, including rehabbing every unit in the park, removing four non-salvageable trailers, and bringing in three new homes to improve occupancy and quality. Location Kankakee is a city in and the county seat of Kankakee County, Illinois. Located on the Kankakee River, as of 2020, the city's population was 24,052. Kankakee is a principal city of the Kankakee-Bourbonnais-Bradley Metropolitan Statistical Area. It serves as an anchor city in the rural plains outside Chicago. The median home cost in Kankakee is $117,300. Home appreciation the last 10 years has been 52.8%. Home Appreciation in Kankakee is up 15.4%. Renters make up 43.6% of the Kankakee population. The average 1-bedroom unit rents for $800/month. The average 2-bedroom unit rents for $1,050/month. The average 3-bedroom unit rents for $1,430/month. The average 4-bedroom unit rents for $1,510/month. Kankakee has an unemployment rate of 11.8%. The US average is 6.0%. Kankakee has seen the job market decrease by -7.7% over the last year. Future job growth over the next ten years is predicted to be 36.0%, which is higher than the US average of 33.5%. The Median household income of a Kankakee resident is $38,869 a year. The US average is $69,021 a year. Kankakee violent crime is 39.9. (The US average is 22.7) Kankakee property crime is 58.3. (The US average is 35.4) Kankakee, IL has a humid continental climate with hot summers and cold winters. Rainfall is spread throughout the year, but is heaviest in May and June. Average temperatures range from the mid-20s in winter to the mid-80s in summer. Snowfall averages around 30 inches per year, with most of it falling between December and March. Kankakee County is a county located in the U.S. state of Illinois. According to the 2020 census, it has a population of 107,502. Its county seat is Kankakee. Kankakee County comprises the Kankakee, IL Metropolitan Statistical Area. Here are the top ten employers in Kankakee County: •Olivet Nazarene University (approximately 560 employees) •Kankakee Community College (approximately 375 employees) •All Star Management (approximately 441 employees) •Midwest Transit (approximately 300 employees) •NFI Industries (approximately 260 employees) •McKesson (approximately 258 employees) •Aqua Illinois (approximately 65 employees) •Monical’s Pizza Corporation (approximately 139 employees) •Kankakee Nursery (approximately 125 employees) •K.B. Cores (approximately 125 employees)

Contact:

Mr. Landman

Property Subtype:

Mobile Home Park

Date on Market:

2025-07-22

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More details for 224 N Poplar St, Ludlow, IL - Multifamily for Sale

Ludlow Mobile Home Park - 224 N Poplar St

Ludlow, IL 60949

  • Owner Financed Property
  • Multifamily for Sale
  • $435,488 CAD
  • 1,100 SF
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More details for 5821 S Ada St, Chicago, IL - Industrial for Sale

5821 S Ada St

Chicago, IL 60636

  • Owner Financed Property
  • Industrial for Sale
  • $193,550 CAD
  • 7,000 SF
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More details for 7225 W 151st St, Orland Park, IL - Specialty for Sale

151st & Harlem Car Wash - 7225 W 151st St

Orland Park, IL 60462

  • Owner Financed Property
  • Specialty for Sale
  • $966,368 CAD
  • 4,516 SF
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More details for 331 George St, West Chicago, IL - Specialty for Sale

331 George St

West Chicago, IL 60185

  • Owner Financed Property
  • Specialty for Sale
  • $1,237,338 CAD
  • 11,950 SF
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More details for 20604 Burl Ct, Joliet, IL - Industrial for Sale

20604 Burl Ct

Joliet, IL 60433

  • Owner Financed Property
  • Industrial for Sale
  • $3,801,875 CAD
  • 5,500 SF
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More details for 1144 Devon Ave, Elk Grove Village, IL - Retail for Sale

Freestanding Restaurant - EBC-EGV-IL-TT - 1144 Devon Ave

Elk Grove Village, IL 60007

  • Owner Financed Property
  • Retail for Sale
  • $1,313,375 CAD
  • 5,300 SF
  • Air Conditioning
  • Restaurant

Elk Grove Village Retail for Sale - Schaumburg Area

Freestanding Restaurant Sought-After Northwest Suburb - Property For Sale! Currently operating as a classic American pancake house and local eatery. Offering all-day breakfast/brunch and traditional comfort food. Full-service restaurant. Dine-in, carryout, pickup and delivery. Features expansive windows, high ceilings, a spacious dining room, large wait station and fully-equipped commercial kitchen. Well established restaurant location. Asset sale with property - all furniture, fixtures and equipment (FF&E) included. Business is not for sale - no financials. Bring your concept here! Can also add gaming!! Location: Prime retail space in a large one-story freestanding building with great signage and ample parking for 30+ vehicles. Perfectly situated in a busy plaza with a diverse tenant mix at a signalized intersection. Well positioned on a major thoroughfare with high visibility and traffic flow close to the interchange of two major interstates. And strategically located in the village’s vibrant business and industrial hub, surrounded by industrial parks, logistics facilities, corporation offices and hotels. As well as its vast residential area, close to homes, schools and local businesses. Plus, just 5 minutes from two Metra stations and less than 15 minutes from O’Hare International Airport. Property Information: One-story freestanding building. Built in 1979. On .61 acre or 26,272 sqft. Class C. Zoning B-2. $1,200 parking lot maintenance fee. Real estate taxes $44,317. Square Feet: 5,288. Seating: 200+ Inside. Owners Role: Absentee owned and operated. Value of FF&E: Included In Asking Price (Valued at $250,000). Seller Financing Available: No. Reasons for Selling: Other interests. Competition/Market: Versatile space for any type of restaurant in a thriving community. Growth & Expansion: In a sought-after northwest suburb. On a dense commercial corridor. Surrounded by a robust industrial market. In addition to a vast residential area with a population of over 70,000 with a median household income of over $90,000 within a 3-mile radius. Location, location, location!!! Feel free to stop by the location as a customer 1st. This is a HIGHLY confidential listing, DO NOT talk to any owners, employees or patrons. If interested, please email Tom Traina at Tom@eatz-associates.com or call 847-651-3834 for more information. Showings by appointment only outside of business hours. Listed by Tom Traina at EatZ & Associates / EatZ Real Estate Group LLC

Contact:

EatZ Real Estate Group LLC

Property Subtype:

Freestanding

Date on Market:

2025-05-02

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