Executive Summary
Berkadia Manufactured Housing is pleased to present Pheasant Run in Sauget, IL. This offering features 121-sites and is located less than 6 miles from the heart of St Louis. This community offers significant rental potential, as current rents are well below those of nearby competitors and the market average. Additionally, Pheasant Run is operating at 57% occupancy, with 50 available sites. Filling these sites at a new move-in rate of $495, could generate an additional $297,000 in lot rental income. In addition, the park benefits from public water and sewer that is sub-metered, helping to reduce management oversight. This offering presents investors with the opportunity to acquire a well-maintained park with major value-add potential in a strong market.
Investment Highlights
1
PROXIMITY TO ST. LOUIS
2
OCCUPANCY UPSIDE
3
BELOW MARKET RENTS
4
PUBLIC UTILITIES
5
WELL MAINTAINED COMMUNITY
Market Overview
St. Louis Metro
The St. Louis, MO-IL Metro is a bustling metropolitan area spanning parts of Missouri and Illinois, situated along the Mississippi River. Known for its iconic Gateway Arch, the city of St. Louis serves as a cultural and economic hub in the Midwest. The metro area offers a blend of urban amenities and suburban charm, featuring diverse neighborhoods, historic landmarks, and a thriving arts scene. Its central location makes it a major transportation hub, with easy access to major highways, railways, and an international airport. The region enjoys four distinct seasons, offering a variety of recreational activities year-round.
St. Louis Metro Rankings
6%
BELOW NAT'L AVG COST OF LIVING
FORBES
#8
BEST COUNTIES TO LIVE IN ILLINOIS
Niche, 2025
#37
BEST U.S. CITIES FOR YOUNG PROFESSIONALS
NICHE
#46
CITY IS AMERICA WITH LOWEST COST OF LIVING
NICHE
PHOTO GALLERY
Contact Us
ORLANDO OFFICE
300 South Orange Avenue
Suite 1500
Orlando, FL 32801
CHICAGO OFFICE
125 South Wacker Drive
Suite 400
Chicago, IL 60606
Investment Sales
Ian Hilpl
Managing Director
315.406.0900
[email protected]
Kevan Enger
Senior Managing Director
407.494.8541
[email protected]
Brian Hummell
Director
614.468.5773
[email protected]
Hunter LaRocca
Director
407.227.9643
[email protected]
IL BROKER OF RECORD
PETE EVANS
Sr Managing Director
312.407.6711
[email protected]
Pheasant run mhc
121-Site Community in the St. louis metro
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
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