Property profile

301 S Murray Rd Rantoul, IL 61866

FOR SALE
Commercial real estate
Property ID
US28-2425308
Entity Owned 5-yr Hold Free & Clear
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301 S Murray Rd, Rantoul, IL 61866 For Sale
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301 S Murray Rd, Rantoul, IL 61866
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Property summary

AI-generated overview

This exceptional 0.71-acre commercial land parcel presents a unique investment opportunity in Rantoul, Illinois. Located at 301 S. Murray Road, this prime corner lot sits at the southeast intersection of S. Murray Road and W. Champaign Ave, offering unparalleled visibility and accessibility. Its strategic location provides convenient access to Interstate 57, maximizing exposure to a large volume of daily traffic. The property is zoned C-2, allowing for a wide range of commercial uses. The existing 2,682 square foot building offers potential for redevelopment or repurposing. This property boasts a highly desirable location, benefiting from both local residents and the significant interstate traffic flow. The APN is 20-09-03-151-014. The asking price for this exceptional commercial land is $300,000. Don't miss this chance to capitalize on this high-traffic location and establish your business in a thriving community. This is a rare opportunity to acquire a substantial corner lot with significant development potential.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 200903151014
UPID US28-2425308

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Atm
  • Grocery & Convenience Store

Location

301 S Murray Rd Rantoul, IL 61866
Rantoul metro Census 10204 CHAMPAIGN-URBANA, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.10M

Owner & transaction history

since 2021
Last sale
$1.2M
3 recorded transactions
2021
$1.2M
2001
$1.2M
2001
$19,500

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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