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    1638 E Grove Ave E Rantoul, IL 61866

    For Sale
    Contact for pricing

    Land - Rantoul, IL

    Lot size:
    0.66 Acres
    Days on Market:
    474
    Last Refresh:
    Dec 8 at 7:06 pm

    Property Features for 1638 E Grove Ave E

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR
    APN
    200901127017
    Lot size
    0.66 Acres

    Building Details

    Architectural style
    Other

    Realty 2000, Inc. (217) 892-2000 [email protected]

    Listing agent Herman Fogal (217) 892-2000 License #475098977

    Listing date Aug 22, 2024

    MLS# 09654530 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Rantoul Land on Busy Route

    This 0.66-acre commercial land is located on the east side of Rantoul, Illinois, on the busy Route 136. The flat land has a sidewalk on the north side along Route 136. Situated near two shopping centers, medical facilities, and banking facilities, the property is across the street from Pizza Hut and adjacent to The Roofing Dog and Jordahl Chiropractic Clinic. Rural King and El Toro's are located just east of the property. A fire hydrant is positioned in front of the property. Village utilities are nearby. The zoning is COMMR.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rantoul
    County
    Champaign
    State
    Illinois
    Longitude
    -88.127604
    Latitude
    40.311774

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    FAQs

    What type of property is this?
    Commercial land - Commercial land on a busy route near shopping and medical facilities.
    Where is this commercial land located?
    The property is located at 1638 E Grove Ave E Rantoul, IL.
    What is the asking price?
    The asking price for this property is $23,000.
    What are key features of this property?
    This property features: - Prime location on busy Route 136 near shopping centers, medical facilities, and banks.; - Flat land with sidewalk access.; - High-visibility location across from Pizza Hut and adjacent to established businesses.
    (217) 892-2000
    Request Owner's contact information
    1638 E Grove Ave E Rantoul, IL 61866
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    Rantoul, IL 61866
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1638 E Grove Ave E Rantoul, IL 61866
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