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    1644 E Grove Ave Rantoul, IL 61866

    For Sale
    $61,750

    Land - Rantoul, IL

    Lot size:
    0.91 Acres
    Days on Market:
    474
    Last Refresh:
    Dec 8 at 11:06 am

    Property Features for 1644 E Grove Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR
    APN
    200901202001
    Lot size
    0.91 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# 09485582 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

    Commercial Land on Route 136

    Two parcels are available for purchase, totaling 5.29 acres. The front parcel, which fronts Route 136, is zoned commercial and consists of 0.912 acres, measuring 140 x 283 feet on the west side. The second parcel, located behind the first, is zoned agricultural and comprises 4.38 acres. A 70-foot wide by 352-foot street easement is adjacent to the first parcel on the east side and in front of the second parcel; this easement is currently being farmed by a tenant farmer, ensuring the rear parcel is not landlocked. The property is located in Rantoul, Illinois, and is positioned as a terrific location for a new business.
    Property Profile 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
    -88.126724
    Latitude
    40.311775

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    FAQs

    What type of property is this?
    Commercial land - Two parcels totaling 5.29 acres, ideal for new business.
    Where is this commercial land located?
    The property is located at 1644 E Grove Ave Rantoul, IL.
    What is the asking price?
    The asking price for this property is $61,750.
    What are key features of this property?
    This property features: - Commercial Zoning on Front Parcel (.912 Acres): Ideal for starting a new business.; - Total Acreage: 5.29 Acres Combined from Both Parcels.; - Second Parcel (4.38 Acres): Zoned Agricultural, offering diverse usage possibilities.
    (217) 892-2000
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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
    1644 E Grove Ave Rantoul, IL 61866
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