Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    626 W Champaign Ave Rantoul, IL 61866

    For Sale
    $479,160

    1.1 acre commercial land in growing Rantoul, Illinois.

    Property size:
    1 SF
    Lot size:
    1.10 Acres

    Property Features for 626 W Champaign Ave

    General Information

    Size
    1 SF
    Lot size
    1.10 Acres

    Source: Carrie Tinucci-Troll Agent Carrie Tinucci-Troll

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

    Overview

    Rantoul Commercial Land Opportunity

    This is an opportunity to purchase approximately 1.1 acres of commercial land in Rantoul, Illinois. The site is located just east of the intersection of S. Murray Road and W. Champaign Ave on the north side of Champaign Ave, minutes from Interstate 57, and 20 minutes from Champaign. The property is now zoned for commercial development and could be suitable for a national chain restaurant, fitting in with the fast food restaurants at that intersection. A new Culver's restaurant is currently being developed next door. The property is located in an Enterprise Zone, offering potential sales tax savings on construction materials and property tax rebates on a 5-year period. Additional land to the north may be available. The available lot is located just west of the single family house that sits at the corner of W. Champaign Ave. and S. East Ave. The property is in close proximity to Family Sports Complex and a busy intersection right off the Interstate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Rantoul
    County
    Champaign
    State
    Illinois
    Longitude
    -88.1711198
    Latitude
    40.3087787

    Nearby Similar for Sale

    • $200,000
      21,712 SF

      Historic Chanute Air Force Building

      Former command center with multi-family or office space potential.
      801 Arends Blvd, Rantoul, IL 61866
      View Details
    • $224,900
      3,440 SF

      Mixed-Use Building Near Train Station

      Two-story building in downtown Rantoul, suitable for retail or office.
      101 E Sangamon Ave, Rantoul, IL 61866
      View Details
    • $2,240,000
      58 SF

      Turnkey Reindeer Ranch and Venue

      Established agritourism destination with banquet hall, gift shop, and farmhouse.
      1356 County Road 2900 North Rantoul, Rantoul, IL 61866
      View Details
    • $695,000
      8,916 SF

      Rantoul Apartment Complex For Sale

      Well-maintained 16-unit apartment complex in Rantoul, Illinois.
      1942 County Rd 3000N Rd, Rantoul, IL 61866
      View Details
    • $233,000
      4,800 SF

      Unique Commercial Property with Endless Potential

      Versatile 4800 SF property with additional space on 3 acres.
      1902 N County Road 3000 N, Rantoul, IL 61866
      View Details
    • $233,000
      4,800 SF

      Unique Mixed-Use Property Near Rantoul

      Versatile 4800 SF building on 3 acres near Rantoul.
      1902 N County Road 3000 N, Rantoul, IL 61866
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.1 acre commercial land in growing Rantoul, Illinois.
    Where is this commercial land located?
    The property is located at 626 W Champaign Ave Rantoul, IL.
    What is the asking price?
    The asking price for this property is $479,160.
    What are key features of this property?
    This property features: - Located in an Enterprise Zone offering sales tax savings on construction materials and property tax rebates for 5 years.; - Zoned for commercial development, ideal for a national chain restaurant.; - Approximately 1.1 acre developable lot.
    (331) 452-6860
    Request Owner's contact information
    626 W Champaign Ave Rantoul, IL 61866
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    626 W Champaign Ave
    Rantoul, IL 61866
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    626 W Champaign Ave Rantoul, IL 61866
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.