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220 N Poplar Street Ludlow, IL $ 299,000
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$ 299,000 Get more info
220 N Poplar Street
$ 299,000
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220 N Poplar Street

Ludlow, IL, 60949
$ 299,000
Bedrooms-- Baths-- Sq 2,000

Monthly Estimate*

$ 2,065

220 N Poplar Street, Ludlow, IL 60949 - Image 1
220 N Poplar Street, Ludlow, IL 60949 - Image 2
220 N Poplar Street, Ludlow, IL 60949 - Image 3
220 N Poplar Street, Ludlow, IL 60949 - Image 4
220 N Poplar Street, Ludlow, IL 60949 - Image 5
220 N Poplar Street, Ludlow, IL 60949 - Image 6
220 N Poplar Street, Ludlow, IL 60949 - Image 7
220 N Poplar Street, Ludlow, IL 60949 - Image 8

Commercial Property for sale in Ludlow, IL

for $299,000. This 2,000 square foot building was built on a lot size of 1.17775.

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.

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Commercial Active

Price

$ 299,000

Property Type

Commercial

Taxes

$ 3,412

Style

Lot Size

1.17775

Town/City

Ludlow

County/Region

Champaign

MLS | Web ID

12781711
Features
General
Sewer Septic Tank
Cooling Window Unit(s)
Utilities Electric to Site
Possession Closing
Stories Count 2
Tax Year 2025
Business Type Other
County Champaign
Operating Expense 28692
Property Type Business Opportunity Bus / Bus w/Real Est
Status New
Directions From Rt 45 turn West on E Pera St then turn North on N Poplar St.
City Ludlow
MLS Area Northern Champaign County / Ford County
Lot Size Square Feet 51303
Tax Annual Amount 3412
Additional Parcels Y/N N
Standard Status Active
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Exterior
Water Source Municipal Water
Building Area Total 2000
Lot Dimensions 280x180
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* Excluded Features
List By
Ellsbury Group Llc

Broker

Johnwiebolt@gmail.com;john.wiebolt@ellsburygroup.com

Email

Affordability Calculator

$2,349
Per Month
88%
12%
0%
Monthly Principal & Interest
$2,065
Monthly Property Taxes
$284
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
10/9/2026$299,000 Listed Price

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220 N Poplar Street, Ludlow, IL, 60949 is a Commercial Property for sale at $299,000 with 2,000 sqft and a lot size of 1.17775. The property's zip code is 60949 which is in Ludlow, IL

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