101 Borman Dr Rantoul, IL 61866

Property Details for 101 Borman Dr

Property type

Commercial real estate

APN

200903476003

APU

200903476003

Description

This exceptional investment opportunity presents four substantial brick dormitory buildings situated on a generous 5.1-acre lot at 101 W Borman Drive, Rantoul, Illinois. Originally part of the former Chanute Air Force Base, these three-story structures offer a unique blend of history and potential. Each building boasts 72 units, totaling 288 units across the entire property. The layout features 24 units per floor, with each unit containing two full bathrooms. The solid brick construction ensures durability and longevity, while the expansive lot provides ample space for future development or expansion. The property's location in Rantoul offers convenient access to local amenities and transportation routes. Given the substantial number of units, this property presents a compelling investment opportunity with diverse potential uses. The current asking price of $149,900 represents a significant value proposition for investors seeking a large-scale project with considerable upside. The scale of the property, combined with its existing infrastructure, makes it ideal for a variety of commercial ventures. Serious inquiries are encouraged to explore the possibilities this unique property offers. Detailed floor plans and further information are available upon request. This is a rare chance to acquire a substantial commercial property at an attractive price point.