Lakeland Estates is a 91 pad mobile home park that sits on 9.55 acres in Mattoon, IL, just west of Lakeland Community College and Interstate 57. Mattoon-Charleston has approximately 40,000 residents. Charleston is roughly 10 minutes away from Lakeland Estates and is home to Eastern Illinois University and its 7,000 students. Lakeland Community College is less than a mile away and has over 5,000 students. Lakeland and EIU together employ over 3,000 local residents. Other key employers include Sarah Bush hospital, Rural King Corporate, & Consolidated Communications. Of the 91 pads in Lakeland Estates, 28 are currently occupied (31% occupancy rate). The park is on CITY WATER & CITY SEWER! The park currently has 24 TOH's that are paying $230/month. The park has 4 POH's that are paying $530/month. Rent has not been increased in over three years. Each pad has its own electric, water, & gas meters. The park pays the water/sewer and charges back to tenants.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
