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Nearly 5 Acres on the Little Trout River - Development & Income Opportunity Rare opportunity to acquire approximately 4.99 acres with over 200 feet of frontage on the Little Trout River in Jacksonville. With RLD-60 zoning allowing one home per half acre, the property offers the potential for approximately 10 half-acre residential lots (buyer to verify with the city), making it ideal for a small residential development, investment hold, or redevelopment project. The property was formerly operated as a mobile home park, and multiple septic systems are already in place, creating the possibility for continued lot rental income while planning future development. Currently on the property: Income-Producing Lots - Trailers owned by tenants - Trailer 1 - $220/month lot rent - Trailer 2 - $160/month lot rent (tenant maintains mowing of property) - Trailer 3 - $300/month lot rent Existing Structur...
Nearly 5 Acres on the Little Trout River - Development & Income Opportunity Rare opportunity to acquire approximately 4.99 acres with over 200 feet of frontage on the Little Trout River in Jacksonville. With RLD-60 zoning allowing one home per half acre, the property offers the potential for approximately 10 half-acre residential lots (buyer to verify with the city), making it ideal for a small residential development, investment hold, or redevelopment project. The property was formerly operated as a mobile home park, and multiple septic systems are already in place, creating the possibility for continued lot rental income while planning future development. Currently on the property: Income-Producing Lots - Trailers owned by tenants - Trailer 1 - $220/month lot rent - Trailer 2 - $160/month lot rent (tenant maintains mowing of property) - Trailer 3 - $300/month lot rent Existing Structures - House 1: 3-bedroom, 1-bath home with tile flooring and carpeted bedrooms (includes stove and refrigerator) " House 2: 1-bedroom, 1-bath structure that has been gutted and ready for renovation Utilities and access add to the development potential, with city water and sewer nearby (buyer to verify availability and connection requirements). The property also features paved road frontage and mature trees, providing both privacy and natural character. The property is supported by a 120-foot free-flowing well with dual pumps to maintain strong, consistent water pressure. There are seven septic systems on site, with four currently in active use. With existing income, flexible zoning, infrastructure in place, and waterfront frontage, this property offers multiple strategies for investors -- continue operating as a rental property, redevelop into residential lots, or build a private riverfront estate.
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