Industrial Property with Two
For Sale
$73,900
508 EAGLE Drive, Rantoul, IL 61866
Commercial Sale, Rantoul, IL
Property SizeContact for details
Lot Size1.06 Acres
Days on Market18
Property Features for 508 EAGLE Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMMR
Directions
RT 45 SOUTH (SOUTH CENTURY BLVD) ONTO CHANUTE AIR FORCE BASE, TAKE THE FIRST STREET EAST, THEN NEXT STREET TO THE NORTH IS EAGLE DR. PROPERTY RIGHT ON THE CORNER, BRICK BUILDING IN FRONT AND METAL BUILDINGS BEHIND IT NEAR SCHOOL BUS GARAGE.
Subdivision
Northern Champaign County / Ford County
Standard status
Active
APN
200902326108
Lot size
1.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 1 SHREVES SUB
Tax Annual Amount
1235
Legal Description
LOT 1 SHREVES SUB
Building Details
Year built
1954
Floors in Building
1
Number of units
2
Flooring type
Concrete
Building materials
Brick, Concrete, Steel Siding
Roof type
Composition, Metal
Listing Agency:
REALTY 2000,INC
(217) 892-2000
Listed By:
Herman Fogal · License #475098977
(217) 840-1941
Added: Aug 25
Changed: Sep 1
Last Checked: Sep 11 at 1:06PM
MLS# 12735248
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
The property includes two industrial buildings totaling 7,823 square feet on 1.06 acres. The 4,423-square-foot brick building contains metal water tanks and a workshop along its south end. An attached 1,100-square-foot water storage area is accessible through the roof. The 3,400-square-foot metal building includes a loading dock, overhead door, and three large metal water tanks. Concrete flooring, brick, concrete, and steel siding are among the building materials, with composition and metal roofing. Built in 1954, the property is zoned COMMR.
A fenced area occupies the west side of the site. The property was formerly used as the Chanute AFB water purification plant and includes concrete slabs measuring 14 by 26 feet and 4 to 6 feet deep that previously held salt water.
A fenced area occupies the west side of the site. The property was formerly used as the Chanute AFB water purification plant and includes concrete slabs measuring 14 by 26 feet and 4 to 6 feet deep that previously held salt water.
Key Highlights
- Two‑building industrial property totaling 7,823 square feet on 1.06 acres
- 4,423‑square‑foot brick building with metal water tanks and a south‑end workshop
- 3,400‑square‑foot metal building with a loading dock and overhead door
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
126
Businesses Nearby
Explore this area
Business Placement
Demographics for 61866, IL
13,459
Population
6,280
Households
2.1
Avg Household Size
37
Median Age
13%
College-Educated
91%
High-School Grad
80.0 sq mi
ZIP Area
168
Density / Sq Mi
$51,389
Median Household Income
$38,439
Median Earnings
$892
Median Rent
$111,900
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Industrial property - Brick and metal structures include dock access, an overhead door, water tanks, and a fenced exterior area.
Where is this industrial property located?
The property is located at 508 EAGLE Drive Rantoul, IL.
What is the asking price?
The asking price for this property is $73,900.
What are key features of this property?
This property features: Two‑building industrial property totaling 7,823 square feet on 1.06 acres; 4,423‑square‑foot brick building with metal water tanks and a south‑end workshop; 3,400‑square‑foot metal building with a loading dock and overhead door
