Property profile

2990 County Road 1400 Rantoul, IL 61866

OFF-MARKET
Land
40 ac lot
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Property summary

AI-generated overview

This exceptional 40-acre commercial land parcel presents a remarkable development opportunity in Rantoul, Illinois. Strategically located on County Road 1400 E, this property boasts unparalleled visibility and accessibility, situated directly off 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 significant foot traffic. The property's expansive size allows for a wide range of development possibilities, including but not limited to hotels, water parks, outdoor entertainment venues, strip malls, and restaurants. Given Rantoul's current economic growth and the high volume of daily traffic, this location offers an exceptional return on investment for forward-thinking developers. The asking price for this prime commercial land is $4,000,000. The property is offered for sale by owner and is zoned for commercial use. This is a rare opportunity to acquire a significant land parcel in a thriving Illinois community with excellent infrastructure and high visibility. Don't miss this chance to capitalize on the potential of this exceptional location. The zip code is 61866, and the property is located in Champaign County.

Property profile

Verified
Property type Land
Lot 40 ac (1,742,400 SF)

Cap rate & NOI

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

Location

2990 County Road 1400 Rantoul, IL 61866
Rantoul metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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