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    2995 County Road 1400 Rantoul, IL 61866

    Sponsored
    For Sale
    $563,000

    Prime Commercial Development Opportunity in Rantoul, IL

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 5.63-acre commercial land parcel presents a unique investment opportunity in the rapidly growing town of Rantoul, Illinois. Located at 2995 County Road 1400 E, this property boasts an unbeatable location, situated within a larger 134-acre development and directly adjacent to Interstate 57. The high-traffic area sees over 38,000 vehicles daily, ensuring significant visibility and accessibility for any commercial venture. The property's proximity to the Rantoul Family Sports Complex further enhances its appeal, providing a strong potential customer base. This prime location is ideal for a diverse range of commercial developments, including hotels, water parks, outdoor entertainment centers, strip malls, or restaurants. The thriving community of Rantoul is actively seeking new development, making this a truly exceptional opportunity for investors and developers alike. The asking price for this expansive commercial land is $563,000. Don't miss this chance to capitalize on the growth and potential of this dynamic location in Champaign County, Illinois, zip code 61866. The property is zoned for commercial use (verification required). This is a blank canvas for your next successful business venture.

    Property Features for 2995 County Road 1400

    General Information

    Property type
    Land
    Lot Size
    245,243 SF

    HighLights

    • 5.63‑acre commercial land parcel in Rantoul, IL.
    • Located at 2995 County Road 1400 E, adjacent to I‑57 with over 38,000 vehicles daily.
    • Part of a larger 134‑acre development, near the Rantoul Family Sports Complex.
    • Ideal for various commercial uses, including hotels, restaurants, and retail.
    • Priced at $563,000; commercially zoned (verification required).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -88.1940295
    Latitude
    40.3081329

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    FAQs

    What type of property is this?
    Land - Prime Commercial Development Opportunity in Rantoul, IL
    Where is this land located?
    The property is located at 2995 County Road 1400 Rantoul, IL.
    What is the asking price?
    The asking price for this property is $563,000.
    What are key features of this property?
    This property features: 5.63-acre commercial land parcel in Rantoul, IL.; Located at 2995 County Road 1400 E, adjacent to I-57 with over 38,000 vehicles daily.; Part of a larger 134-acre development, near the Rantoul Family Sports Complex.
    Request Owner's contact information
    2995 County Road 1400 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
    2995 County Road 1400 Rantoul, IL 61866
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