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101 Borman Dr Rantoul, IL 61866

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For Sale
$149,900

Four Brick Dormitories, 288 Units

Property Features for 101 Borman Dr

General Information

Property type
Other commercial real estate
Lot Size
222,156 SF

Building Details

Year Built
1942

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Listing Contact
Jing Allen

Listing Agency: Coldwell Banker R.E. Group Listing Agent: Jing Allen

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional investment opportunity presents four substantial brick dormitory buildings situated on a generous 5.1-acre lot at 101 W Borman Drive, Rantoul, Illinois. Originally part of the former Chanute Air Force Base, these three-story structures offer a unique blend of history and potential. Each building boasts 72 units, totaling 288 units across the entire property. The layout features 24 units per floor, with each unit containing two full bathrooms. The solid brick construction ensures durability and longevity, while the expansive lot provides ample space for future development or expansion. The property's location in Rantoul offers convenient access to local amenities and transportation routes. Given the substantial number of units, this property presents a compelling investment opportunity with diverse potential uses. The current asking price of $149,900 represents a significant value proposition for investors seeking a large-scale project with considerable upside. The scale of the property, combined with its existing infrastructure, makes it ideal for a variety of commercial ventures. Serious inquiries are encouraged to explore the possibilities this unique property offers. Detailed floor plans and further information are available upon request. This is a rare chance to acquire a substantial commercial property at an attractive price point.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

Location Insight

  • Map
  • Local Demand
City
Rantoul
County
Champaign
State
Illinois
Longitude
-88.15947
Latitude
40.29876

FAQs

What type of property is this?
Commercial real estate - Four Brick Dormitories, 288 Units
Where is this commercial real estate located?
The property is located at 101 Borman Dr Rantoul, IL.
What is the asking price?
The asking price for this property is $149,900.
More about this property
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