Property profile

1356 County Road 2900 Rantoul, IL 61866

OFF-MARKET
Other mixed-use properties
Property ID
US28-2288959
11,054 SF 58.8 ac lot
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Property summary

AI-generated overview

The property is located in Rantoul, Illinois, just north of the University of Illinois, on a 10.5-acre parcel. It is configured as a tourist and event facility with multiple income-generating and operational structures, including a 3,456-square-foot banquet hall designed for group gatherings with a seating capacity of 130 and a service kitchen; a 1,987-square-foot timber frame gift shop; a 2,240-square-foot Amish-built livestock barn/shed/workshop; and a 1,171-square-foot pole barn. The grounds include fenced pasture, a 10-acre corn maze area, and parking. The real estate also includes a 2,200-square-foot, 3-bedroom farmhouse with an attached oversized two-car garage; the farmhouse is built using reclaimed hardwood and features an open-concept layout. Additional elements described with the facility include the operational presence of reindeer (23 head noted), along with onsite equipment, tools, and related operational assets. The property is described as being within approximately 2 miles of the I-57 corridor, about 25 minutes from the University of Illinois main campus, and roughly 2 hours from Chicago, and it is described as being subject to an ongoing re-plat and rezoning process for the parcel where the business operates.

Property profile

Verified
Property type Other mixed-use properties
Total area 11,054 SF
Lot 58.8 ac (2,561,328 SF)
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

Current use

Occupant on record · Public records
  • Food Processing Plant

Location

1356 County Road 2900 Rantoul, IL 61866
Rantoul metro
Google Maps

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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