235 PAD MANUFACTURED HOME COMMUNITY in BRISTOL, WISCONISN SOLD FOR $11.8 Million
Wisconsin - Auction Services Group,Inc., is pleased to announce the sale of the Rainbow Lake Manor Manufactured Home Community located in Bristol, Kenosha County, Wisconsin. Rainbow Lake Manor was offered “Without Reserve” subject to a Minimum Bid of $7,500,000. The final Purchase Price of the property was $11,845,000. “The Buyers are a Chicago area private Equity Fund” said Robert Roggeveen, President of Auction Services Group. Rainbow Lake Manor Manufactured Home Community is strategically located 55 miles to downtown Chicago and 40 miles to Milwaukee at a prime location on the Illinois State Line. Situated on an approximate 100-acre site, this extremely well maintained 55 and over community has an adjacent 106 acres of additional future development ground available. The community has historically enjoyed 100% occupancy and had a gross income that exceeded $1,000,000.