1356 County Road 2900 N Rantoul, IL 61866

Property Details for 1356 County Road 2900 N

Lot size

58.80 lot acres

Property size

11,054 SF

Property type

Commercial real estate

APN

20-09-05-400-010, -013, -014

Description

This exceptional agri-tourism business, located on 58.8 acres in Rantoul, Illinois, presents a unique investment opportunity. The property includes five buildings totaling 11,054 square feet, constructed between 1992 and 2020, with renovations completed in 2020. Features include a 3,456-square-foot banquet hall with a service kitchen, a 1,987-square-foot timber-frame gift shop, a 2,240-square-foot livestock barn/shed/workshop, and a 1,171-square-foot pole barn. A 2,200-square-foot farmhouse with an attached two-car garage is also included. The property boasts 100 parking spaces and is zoned AG-1 & AG-2. The business currently attracts over 60,000 visitors annually, offering reindeer encounters, a 10-acre corn maze, hayrides, and other seasonal activities. The sale includes land, buildings, equipment, tools, tractors, a reindeer herd, inventory, and proprietary information such as vendor contacts, tour accounts, and website/social media assets. The property's 30 acres of farmable land generate additional income through cash rent. The business enjoys a prime location near I-57, two hours from Chicago, and 25 minutes from the University of Illinois. Financial information shows a NOI of $158,838 and a pro-forma NOI of $363,436, with a cap rate of 7.09% and a pro-forma cap rate of 16.22%. The asking price is $2,240,000. This established business offers a strong foundation for continued growth and expansion within the thriving agri-tourism market.