RV Park Cap Rates in Illinois
Real capitalization rate data from 16 parks across Illinois. Understand what the market is actually returning before you write a check.
What This Means for Investors
Illinois is a competitive market. At 7.1% average, pricing reflects real buyer demand — this isn't a market where sellers are desperate. That said, the right deal with operational upside can still pencil well if you underwrite NOI improvements rather than buying trailing income.
In markets like this, the edge is in sourcing — not on-market listings, but owners who haven't marketed. The 16 parks in our database with owner contact data give you the starting list. Work it direct.
With data spread across 15 cities, Illinois offers enough geographic diversity to be selective. The city breakdown below shows where the cap rate compression is worst and where pockets of yield still exist.
At an average estimated value of $7,663,640, most Illinois parks are in reach for individual investors or small syndicates — this isn't a market dominated exclusively by institutional buyers.
Cap Rates by City — Illinois
| City | Avg Cap Rate | Parks | Avg Valuation |
|---|---|---|---|
| Belvidere | 10.6% | 1 | $4,556,174 |
| Joliet | 10.0% | 1 | $978,160 |
| Clayton | 9.7% | 1 | $1,739,421 |
| Chicago | 9.2% | 1 | $2,053,938 |
| Jackson | 8.2% | 1 | $355,393 |
| North Utica | 7.7% | 1 | $5,811,135 |
| Canton | 7.0% | 1 | $109,433 |
| Galena | 6.4% | 1 | $2,916,214 |
| Millbrook | 6.0% | 1 | $19,734,768 |
| Rockford | 5.6% | 1 | $8,037,800 |
| New Athens | 5.5% | 1 | $48,902,599 |
| New Windsor | 5.1% | 1 | $19,157,652 |
| Robinson | 4.9% | 1 | $3,627,744 |
| Sandwich | 4.5% | 1 | $3,358,940 |
| Wood Dale | 4.4% | 1 | $1,134,298 |
Top 10 Highest Cap Rate Parks
Highest estimated returns — investigate occupancy, management quality, and NOI sustainability before buying on cap rate alone.
| Park Name | City | Cap Rate | Sites | Est. Value |
|---|---|---|---|---|
| Pine Country RV & Camping Resort | Belvidere | 10.6% | 176 | $4,556,174 |
| Hollywood Casino RV Campground | Joliet | 10.0% | 40 | $978,160 |
| Pine Grove Campground | Clayton | 9.7% | 75 | $1,739,421 |
| McCormick Place Parking Lot B Overflow | Chicago | 9.2% | 100 | $2,053,937 |
| North Branch Conservation Area (cyclists only) | None | 8.7% | 7 | $144,575 |
| Lil Ole Opry Camp Grounds | Jackson | 8.2% | 25 | $355,393 |
| Starved Rock Family Campground | North Utica | 7.7% | 126 | $5,811,134 |
| Giant Goose Ranch | Canton | 6.97% | 2 | $109,432 |
| Palace Campground Galena Il | Galena | 6.4% | 136 | $2,916,214 |
| Fox Creek RV Resort | Millbrook | 5.97% | 380 | $19,734,767 |
10 Lowest Cap Rate Parks
Lower cap rates reflect higher prices relative to income — often found in premium markets, coastal areas, or parks with strong amenities and stable occupancy.
| Park Name | City | Cap Rate | Sites | Est. Value |
|---|---|---|---|---|
| Wood Dale Estates | Wood Dale | 4.43% | 20 | $1,134,297 |
| Countryside Estates MHP | Sandwich | 4.53% | 60 | $3,358,939 |
| Southwind Estates Manufactured Home and RV Park | Robinson | 4.93% | 68 | $3,627,743 |
| Shady Lakes RV Resort | New Windsor | 5.07% | 342 | $19,157,651 |
| Kaskaskia River Camping & RV Park | New Athens | 5.47% | 905 | $48,902,598 |
| Blackhawk Valley Resort | Rockford | 5.57% | 150 | $8,037,800 |
| Fox Creek RV Resort | Millbrook | 5.97% | 380 | $19,734,767 |
| Palace Campground Galena Il | Galena | 6.4% | 136 | $2,916,214 |
| Giant Goose Ranch | Canton | 6.97% | 2 | $109,432 |
| Starved Rock Family Campground | North Utica | 7.7% | 126 | $5,811,134 |
Get Full Owner Contact Data for Illinois
Cap rates tell you where to look. Owner contact data gets you in the door. Access phone numbers, emails, and deal pipeline tools for every park in Illinois.
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