Greg Rediger
- Buy
- Sell
https://www.ruhlmortgage.com/ChrisSchneider.html
Description
Prime commercial development opportunity located just off I-57 in a high-visibility, high-traffic corridor in Rantoul, IL. This vacant land is strategically positioned in a thriving business area with excellent highway access, making it ideal for retail, hospitality, hotel, restaurant, gas station, or mixed-use development. Walking distance to the Rantoul Sports Complex, a major regional attraction that drives consistent visitor traffic and economic activity to the area-making this site especially attractive for hospitality and retail development. Located within a TIF (Tax Increment Financing) District, offering potential incentives to develop, including possible reimbursement for eligible project costs (buyer to verify with municipality). The property benefits from strong traffic counts, easy ingress/egress, and proximity to major employers, national retailers, and Champaign-Urbana. Utilities are nearby (buyer to verify), and flexible zoning supports a wide range of commercial uses. This is a rare opportunity to acquire well-located development land in a growing corridor with strong upside potential.
Property Highlights
Property Type: Land - Commercial
Total Acres: 2.36 Acres
Utilities: Electricity Nearby, Natural Gas Available, Sewer Nearby
General Information
County: Champaign
High School: Rantoul High School
Listed By:
KELLER WILLIAMS-TREC
217-356-6100
MRED MLS
MLS ID: 12618867
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950 Broadmeadow Road, Rantoul, IL 61866.
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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $485,000 | $485,000 | $485,000 |
| Down Payment | $97,000 | $16,975 | $121,250 |
| Monthly Mortgage Amount | $2,264 | $2,855 | $2,948 |
| Taxes | $675 | $675 | $675 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $213 | $0 |
| Monthly Estimated Total | $3,080 | $3,884 | $3,764 |
Greg Rediger
REALTOR®
CRS
Office: (563) 441-5050
Cell: (563) 940-5050
Licensed in IA & IL
Bettendorf Office
1228 Middle Road
Bettendorf, IA 52722
(563) 441-5000
Bettendorf, IA 52722
(563) 441-5000
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