$130,000
( )
 $698 est/mo Sourced by Back At You

122-124 E Sangamon Avenue,Rantoul, IL 61866

Rantoul, IL 61866

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Description

Exceptional investment opportunity in the heart of downtown Rantoul! Formerly utilized as two separate commercial businesses, this versatile property offers up to four potential income-producing spaces. The main level features two separate storefront/office spaces, each with its own entrance, creating an ideal setup for multiple tenants or owner occupancy. Above one of the commercial units is the opportunity to build out two studio apartments, adding additional income potential and maximizing the property's value. Whether you're an investor looking for your next redevelopment project, a business owner seeking a prime downtown location, or someone looking to occupy one space while generating rental income from the others, this property offers endless possibilities. Conveniently located near local businesses, restaurants, and community amenities, this is a rare chance to own a flexible commercial property with significant upside potential.

Details

MLS #12659760
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive
Year0
Days On Site114
Listing Provided ByNate Evans Group | Nate Evans

Features

Story(s)2
Units2
ZoningRTAIL
Acreage0.13

Interior

CoolingCentral Air

Exterior

RoofMembrane
Foundation DetailsBrick/Mortar
Construction MaterialsBrick

Utilities

ElectricCircuit Breakers

Taxes

Tax Year2025
Tax Annual Amount3532

Area Information

StateIL
CountyChampaign
CityRantoul
Zip Code61866
AreaNorthern Champaign County | Ford County
Listing VS Median (in 61866)
Price:
$130,000
low | high
Med:
$199,900
3.769230769231% of Average
On site:
114
low | high
Med:
114.5
99.563318777293% of Average
Sourced by Back At You

Market Activity 61866

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Additional Information

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Contact

Learn More About This Property

Danielle Luchtenburg

Danielle Luchtenburg

Daniel and Associates Real Estate

475127687 (630) 677-6312danielle@daare.com
StateIL
CountyChampaign
CityRantoul
Zip Code61866
AreaNorthern Champaign County | Ford County
Listing VS Median (in 61866)
Price:
$130,000
low | high
Med:
$199,900
3.769230769231% of Average
On site:
114
low | high
Med:
114.5
99.563318777293% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $97K - $162K
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
101 E Sangamon Avenue Property Photo 1
$199,900
101 E Sangamon Avenue
Rantoul, IL 61866
Listing Updated: August 2, 2026 at 11:17:44 PM PDT