$299,000

220 N Poplar Street, Ludlow IL, 60949

Price per sqft$149.50

Property size2,000 sqft

Property typeCommercial

Listed by John Wiebolt with Ellsbury Group LLC 218-234-0577

Overview

Active

New

Listed Oct 8, 2026

Updated 5h ago

Ludlow Mobile Home Park is an 11-pad community with an impressive 12.8 in-place cap rate. This park is generating $5590/month in revenue. All 11 homes are tenant owned (with 3 currently on seller financing), reducing operational and maintenance responsibilities for the park owner. The park is licensed for 12 pads and has an existing single-family home on-site in need of renovations. Renovate the SFH and add a 12th pad to drive yields even higher or operate it as-is. Conveniently located near I-57 and Hwy 45, the park offers easy access to employment hubs in Rantoul, Paxton, and the Champaign-Urbana metro.

Additional information

MLS^® ID: 12781711

Interior Features

Bedrooms: 0
Cooling: Yes
Basement: No

Exterior Features

Lot Size: 1.18 Acres

Other Property Details

Taxes: $3,412
Tax Frequency: Annually

Listed by John Wiebolt with Ellsbury Group LLC 218-234-0577

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Data is refreshed every 3 hours. Listing last updated 6:38 AM UTC on 10/10/2026.

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