33
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$145,000
Est. payment /mo
5,662 Sqft Lot
New
122-124 E Sangamon AVE Rantoul, IL 61866
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12659760
Annual Tax Amount $3,532
Tax Year 2025
Lot Size 5,662 Sqft
Lot Dimensions 34x160
Property Sub-Type Mixed Use
Property 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.
Location
State IL
County Champaign
Area Northern Champaign County / Ford County
Zoning RTAIL
Interior
Cooling Central Air
Flooring Vinyl
Fireplace N
Exterior
Roof Type Membrane
Building
Dwelling Type Mixed Use
Structure Type Brick
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Listed by Nate Evans of Nate Evans Group
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