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101 Neal Dr Rantoul, IL 61866

Sponsored
For Sale
$149,900

Spacious theater, ample land, investment opportunity.

Description

Added:
Feb 3, 2025
Days on Market:
346
This exceptional commercial property, located at 101 W Neal Drive in Rantoul, Illinois, presents a unique investment opportunity. The property encompasses a substantial 12,699 square foot brick building, formerly a theater, complete with existing theater seating. This versatile space offers significant potential for a variety of commercial uses, allowing for creative adaptation to suit diverse business needs. The building's solid brick construction ensures durability and longevity. Beyond the main structure, the property includes a generous 3.4-acre lot, providing ample space for expansion, parking, or additional development. A significant portion of this land, 2.14 acres, lies north of the theater building, offering further flexibility and potential. The property's location on the former Chanute Air Force Base provides a rich history and potential access to a unique demographic. The asking price of $149,900 represents an attractive entry point for investors seeking a substantial property with significant upside potential. This is an exceptional opportunity to acquire a large, well-located commercial property at a competitive price. The existing infrastructure of the theater provides a solid foundation for a variety of commercial ventures. Don't miss this chance to capitalize on this promising investment.

Property Features for 101 Neal Dr

General Information

Property type
Other commercial real estate
Lot Size
148,104 SF

Building Details

Year Built
1941

Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Rantoul
County
Champaign
State
Illinois
Longitude
-88.1537
Latitude
40.3074

FAQs

What type of property is this?
Commercial real estate - Spacious theater, ample land, investment opportunity.
Where is this commercial real estate located?
The property is located at 101 Neal 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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