Rancho Estates
Rantoul, Illinois · Mobile Home Park
About This Property
Rancho Estates is a 52-site mobile home park investment in IL, situated on 4.28 flat acres. This park supports an existing workforce housing need in Rantoul, a community with proximity to the former Chanute Air Force Base and its ongoing redevelopment for industrial and commercial uses. The property features paved roads throughout and benefits from the area's stable demand for affordable housing. This offering includes the opportunity to assume an existing Fannie Mae loan at a 4.12% interest rate, interest-only until June 2026, then amortizing over 30 years until May 2031.
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