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    2985 County Road 1400 E Rantoul, IL 61866

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    For Sale
    $4,000,000

    Commercial land near Interstate 57, suitable for various developments.

    Lot size:
    40.00 Acres

    Property Features for 2985 County Road 1400 E

    General Information

    Lot size
    40.00 Acres
    Source: Kw

    Listing Agent: Steve Littlefield

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

    Overview

    Rantoul Commercial Development Opportunity

    This commercial development opportunity is located near the Rantoul Family Sports Complex, within a 134-acre development. The property benefits from its location off Interstate 57, which sees traffic counts exceeding 38,000 vehicles per day. This area is experiencing growth and is open to new development, making it suitable for a variety of businesses. Potential uses include a hotel, waterpark, outdoor entertainment center, strip mall, or restaurant. Rantoul is a flourishing community, making this a potentially advantageous commercial development location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Repair Shop Pharmacy Gym & Fitness Food Market Auto Parts Store Bar & Pub Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Rantoul
    County
    Champaign
    State
    Illinois
    Longitude
    -88.194037
    Latitude
    40.302783

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    FAQs

    What type of property is this?
    Commercial land - Commercial land near Interstate 57, suitable for various developments.
    Where is this commercial land located?
    The property is located at 2985 County Road 1400 E Rantoul, IL.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: - Prime location directly off Interstate 57.; - High traffic counts exceeding 38,000 vehicles per day.; - Part of a large 134-acre development.
    (217) 202-7950
    Request Owner's contact information
    2985 County Road 1400 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
    2985 County Road 1400 E Rantoul, IL 61866
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