10-38 Danville St Immeuble residentiel 15 lots 730 932 € (48 729 €/Lot) Taux de capitalisation 10,45 % Westville, IL 61883

Westville Estates MHP is a 15-site mobile home community located on 1.89 acres on the outskirts of Westville, IL. The park was developed in the 1960's and has served the community by offering an affordable housing option since that time. The property is zoned 0030 (Vacant Lots-Land/6 units). The park is not located in a flood zone. The park is presently managed by an on site manager. The park also has a maintenance man on site.
The owner of Westville Estates says the pad sites are 14 x 60 and average around 0.12 acres/home. There are currently not any trailers that need to be removed from the premises. Of the 15 occupied pads in the park, 14 are POH's averaging $700/month. There is one RTO unit in the park at this time. None of the tenants are currently behind in their rent. The park predominantly utilizes annual leases for the the residents. The tenants currently pay their via Cashapp and Venmo.
Westville Estates is on CITY WATER & CITY SEWER! The underground pipe material is copper. The electrical pedestals are believed to be 100 amps. The park bills back the tenants for water & sewer currently. The park is also paying for Garbage removal. The tenants are direct billed by their respective providers for electric and gas. The road in front of the park is owned & maintained by the City of Westville. The park road is asphalt and are considered to be in great condition. The tenants currently mow their own pads and the park takes care of any common areas. The city handles snow removal on the road. The tenants are responsible for removing snow from their own drives but sometimes receive assistance from the city as well.
The owner has renovated five trailers since purchasing the park.
Location:
Westville, IL, is a small village located in Vermilion County, approximately 10 miles south of Danville and near the Indiana border. The community benefits from its proximity to larger markets like Danville and Champaign while maintaining a rural, small-town atmosphere. Westville offers a strategic location for businesses seeking access to both local and regional markets via nearby highways, including Illinois Route 1 and Interstate 74.
The village has a population of around 3,000 residents, providing a stable labor force and a supportive local economy. Commercial real estate opportunities in Westville cater to small businesses, light industrial, and service industries. The area's affordability, combined with its quiet setting and proximity to larger urban centers, makes it an attractive option for investors looking for lower property taxes and operational costs.
The median home cost in Westville is $84,400. Home appreciation the last 10 years has been 46.3%. Home Appreciation in Westville is up 14.5%.
Renters make up 22.0% of the Westville population.
Vermilion County has an unemployment rate of 5.0%. The US average is 4.2%.
Future job growth over the next ten years is predicted to be 17.5%.
The Median household income of a Westville resident is $54,912 a year. The US average is $81,604 a year.
Westville violent crime is 16.3. (The US average is 22.7)
Westville property crime is 22.2. (The US average is 35.4)
Westville is located approximately:
10 miles south of Danville, IL
40 miles east of Champaign, IL
50 miles SW of Lafayette, IN
85 miles west of Indianapolis, IN
150 miles south of Chicago, IL
The average 1-bedroom unit rents for $580/month.
The average 2-bedroom unit rents for $760/month.
The average 3-bedroom unit rents for $960/month.
The average 4-bedroom unit rents for $1,020/month.
Here’s a list of some of the largest employers in Vermilion County, IL, along with their approximate number of employees:
•OSF Sacred Heart Medical Center (1,100 employees)
•Danville Community School District 118 (800 employees)
•VA Illiana Health Care System (1,000 employees employees)
•Watchfire Signs (400 employees)
•Viscofan USA, Inc. (500 employees)
•McLane Midwest (400 employees)
•Vermilion County Government (300 employees)
•AutoZone Distribution Center (300 employees)