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    301 S Murray Rd Rantoul, IL 61866

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    For Sale
    $300,000

    Former gas station/convenience store on .71 acres near Interstate 57.

    Lot size:
    0.71 Acres

    Property Features for 301 S Murray Rd

    General Information

    Lot size
    0.71 Acres

    Source: Carrie Tinucci-Troll Agent Carrie Tinucci-Troll

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

    Overview

    Corner Lot Near Interstate 57

    Located at the southeast corner of the intersection of South Murray Road and West Champaign Avenue, this property is a former gas station and convenience store. The existing building has an area of 2,682 square feet and is situated on a 0.71-acre corner lot. The zoning is C-2. The property is located minutes from Interstate 57. The location may be suitable for various businesses, potentially benefiting from local residents and interstate traffic.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cardtronics ATM Atm Circle K Convenience Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -88.1742002
    Latitude
    40.3077995

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    FAQs

    What type of property is this?
    Commercial land - Former gas station/convenience store on .71 acres near Interstate 57.
    Where is this commercial land located?
    The property is located at 301 S Murray Rd Rantoul, IL.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: - Prime location minutes from Interstate 57.; - Corner lot at the intersection of S. Murray Road and W. Champaign Ave.; - Zoned C-2.
    (331) 452-6860
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    301 S Murray Rd 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
    301 S Murray Rd Rantoul, IL 61866
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