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    OFF-MARKET
    Commercial real estate

    1356 County Road 2900, Rantoul, IL 61866

    11,054 SF 58.8 ac lot
    Property ID
    US28-2288959
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Total area 11,054 SF
    Lot 58.8 ac (2,561,328 SF)
    APN 20-09-05-400-010, -013, -014
    UPID US28-2288959
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Hardy's Reindeer Ranch Food Processing Plant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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