101 Neal Dr Rantoul, IL 61866
- Commercial real estate
- 3.40 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 101 Neal Dr
- Year built
- 1941
- Lot size
- 3.40 lot acres
- Property type
- Commercial real estate
Description
This exceptional commercial property, located at 101 W Neal Drive in Rantoul, Illinois, presents a unique investment opportunity. The property encompasses a substantial 12,699 square foot brick building, formerly a theater, complete with existing theater seating. This versatile space offers significant potential for a variety of commercial uses, allowing for creative adaptation to suit diverse business needs. The building's solid brick construction ensures durability and longevity. Beyond the main structure, the property includes a generous 3.4-acre lot, providing ample space for expansion, parking, or additional development. A significant portion of this land, 2.14 acres, lies north of the theater building, offering further flexibility and potential. The property's location on the former Chanute Air Force Base provides a rich history and potential access to a unique demographic. The asking price of $149,900 represents an attractive entry point for investors seeking a substantial property with significant upside potential. This is an exceptional opportunity to acquire a large, well-located commercial property at a competitive price. The existing infrastructure of the theater provides a solid foundation for a variety of commercial ventures. Don't miss this chance to capitalize on this promising investment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rantoul
- County
- Champaign
- State
- Illinois
- Longitude
- -88.1537
- Latitude
- 40.3074
