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    1050 Champaign Ave Rantoul, IL 61866

    For Sale
    Contact for pricing

    48 Acres, I-57 Frontage, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 48.48-acre commercial land parcel presents a rare development opportunity in Rantoul, Illinois. Strategically located on West Champaign Avenue, this property boasts unparalleled visibility and accessibility, directly adjacent to Interstate 57, a major thoroughfare with daily traffic exceeding 38,000 vehicles. The site is part of a larger, 134-acre development project, ensuring future growth and synergy. Its proximity to the Rantoul Family Sports Complex further enhances its appeal, providing a built-in customer base and potential for synergistic development. The property's expansive size allows for a wide range of commercial ventures, from hotels and water parks to entertainment centers, strip malls, and restaurants. Given Rantoul's current economic growth and the high traffic volume, this location offers an exceptional return on investment for developers seeking a prime location in a thriving community. The property is zoned for commercial use and is available for sale by owner. This is a unique chance to capitalize on a burgeoning market and create a landmark commercial development in a highly desirable area. Serious inquiries only. The property is located in Champaign County, Illinois, with the full address being 1050 W Champaign Ave, Rantoul, IL 61866.

    Property Features for 1050 Champaign Ave

    General Information

    Property type
    Farms
    Lot Size
    2,111,789 SF

    HighLights

    • 48.48‑acre land parcel for sale.
    • Located at 1050 W Champaign Ave, Rantoul, IL 61866.
    • Zoned for commercial development.
    • High traffic count (over 38,000 vehicles per day) near Interstate 57.
    • Part of a larger 134‑acre development near the Rantoul Family Sports Complex.
    • Suitable for various commercial uses (hotel, waterpark, entertainment center, retail, restaurant).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Repair Shop Gym & Fitness Pharmacy Hotel & Motel Auto Parts Store Department Store Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Rantoul
    County
    Champaign
    State
    Illinois
    Longitude
    -88.1747696
    Latitude
    40.3083125

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    FAQs

    What type of property is this?
    Farm - 48 Acres, I-57 Frontage, High Traffic
    Where is this farm located?
    The property is located at 1050 Champaign Ave Rantoul, IL.
    What are key features of this property?
    This property features: 48.48-acre land parcel for sale.; Located at 1050 W Champaign Ave, Rantoul, IL 61866.; Zoned for commercial development.
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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
    1050 Champaign Ave Rantoul, IL 61866
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