626 Champaign AveRantoul, IL 61866

Property Details for 626 Champaign Ave

Lot size

1.10 AC

Property type

Land

Description

This exceptional 1.1-acre commercial land parcel presents a compelling investment opportunity in the thriving town of Rantoul, Illinois. Located at 626 W. Champaign Ave, this property enjoys a high-visibility position just east of the intersection of S. Murray Road and W. Champaign Ave, offering excellent accessibility and exposure. Its proximity to Interstate 57 ensures convenient access for customers and employees, placing it only 20 minutes from Champaign. The site's strategic location is further enhanced by its adjacency to a variety of fast-food restaurants, including a newly developed Culver's, making it ideally suited for a national chain restaurant or similar commercial venture. The property benefits from its placement within an Enterprise Zone, providing significant financial advantages including sales tax savings on construction materials and property tax rebates over a five-year period. Priced at $479,160, with a land value of $10 per square foot, this offering represents a strong return on investment. The potential for expansion is also noteworthy, with the possibility of acquiring additional acreage to the north as needed. Furthermore, its proximity to the Family Sports Complex adds to its appeal and potential for attracting a diverse clientele. This is a rare opportunity to acquire a well-situated commercial lot in a rapidly growing area. The APN is 200903102024.

Location Insight

City

Rantoul

County

Champaign

State

Illinois

Latitude

40.3084

Longitude

-88.1714

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