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Rantoul, IL 61866- 2,860 sq ft Retail commercial buildings in Downtown with apartment at the back.

508 E Champaign  Ave, Rantoul  IL 61866

Sold with No back taxes or liens- Title searches attached.


Property is divided into two buildings, a one storey building fronting a busy road suitable for a variety of retail and commercial uses and building at the back comprising a garage with apartment above.

2,860 SQ FT BUILDINGS ON 0.34 ACRES SUITABLE FOR AN INVESTOR OR OWNER OCCUPIER

Front Building:

The front building is single storey with a slated roof and large front window which makes it ideal for retail uses. It has an attractive bay window on the side and a car port. The property has a reception area at the front with an open working area at the back. The building was last used as dry cleaners and most washing and dry cleaning machines are still in place. The property will need little expenditure to operate as dry cleaners again or another use. Suitable include  retail, restaurant, cafe, stores, warehouse, offices and other uses subject to zoning.

Back building:

The building at the back is two storey and has a garage and storage area with a large apartment at the top on the second floor. The building needs a rehab but offers nice accommodation making it ideal for  an owner / occupier to run a business at the front with living accommodation and storage at the back.

The proeprty was built in 1977.

The plumbing and electrics look in working order. The large boiler, furnace, water heaters and air-conditioning unit look like they are still in place but will obviously need checking and servicing.

Front building: 28' x 47' 4" (1,324 sq ft)

Back building: 24' x 32' on two floors (1,536 sq ft)

Total area: 2,860 sq ft

Lot Size 0.34 Acres

 

Great Location:

The building is located on a main busy road in Downtown Rantoul, Illinois on a mostly commercial street with many retailers and services.

Restaurants

McDonald's711 West Champaign Avenue (.3mi), Taco Bell715 West Champaign Avenue (.3mi), Burger King720 West Champaign Avenue (.3mi), Arby's760 West Champaign Avenue (.3mi), Red Wheel Restaurant741 Broadmeadow Rd (.4mi), Shooters Bar & Grill215 South Tanner Street (.5mi), Rantoul Pizza & Pub112 E Congress Ave (.5mi), Subway845 Broadmeadow Road (.6mi), Domino's Pizza520 South Tanner Street (.6mi), Papa John's Pizza225 East Congress Avenue (.6mi)

Coffee

Java Connection107 East Sangamon Avenue (.5mi), Dunkin' Donuts402 South Century Boulevard (.7mi)

Bars

The Serenity Shack117 N Ohio Ave (.5mi), Bud's Bar122 North Kentucky Avenue (.6mi), T & T Tavern101 N Century Blvd (.7mi), Keefers1160 N Century Dr Apt A (1.1mi)

Groceries

Rantoul Chamber of Commerce Farmers Market120 W Congress Ave (.4mi), Walmart Supercenter845 Broadmeadow Road (.6mi), Mi Pueblo Mexican Store122 N Garrard St (.6mi), County Market1201 East Grove Avenue (1.5mi), Thomasboro Grocery608 North Commercial Street (4.6mi)

Parks

Glenwood Park401 Glenwood Dr (.1mi), Mary Alice Park328-340 Mary Alice Rd (.4mi), Hap Parker Pool500 Wabash Ave (.9mi), Wabash Park500-644 Wabash Ave (.9mi), North Drive Park418-698 North Dr (1.3mi), Ryan Park316-398 Gibbs Dr (1.4mi), Winston Park1521 Gates Dr (2mi), Maplewood Sports Complex1400 Hobson Dr (2mi), Brookhill Park3100-3198 County Road 1700 E (2.5mi)

Schools

Broadmeadow Elementary School500 Sunview Dr (.2mi), Educ for Employment Sys 3303 Henson Place (.7mi), St Malachy School340 E Belle Ave (.8mi), J W Eater Junior High School400 East Wabash Ave (.8mi), Rantoul Township High School200 South Sheldon St (.9mi), Northview Elementary School400 North Sheldon St (1mi), Eastlawn Elementary School650 North Maplewood Dr (1.8mi), Pleasant Acres Elementary School1649 Harper Dr (2.2mi), Prairieview-Ogen Junior High School2499 County Rd 2100 East (4.9mi), Thomasboro Grade School201 North Phillips St (4.9mi)

Shopping

Lindsey Lane Bridal Cottage107 N Kentucky Ave (.5mi), Deena's Style Shop131 East Sangamon Avenue (.6mi), Lindsey Lane Bridal200 East Sangamon Avenue (.6mi), Casey's General Store300 South Century Boulevard (.7mi), Midwest Silkscreening104 N Century Blvd (.7mi), Casey's General Store500 S Century Blvd (.7mi), Criss Cross Express Inc608 Kopman Street (.7mi), Avatar Press515 N Century Blvd (.8mi), Family Dollar StoreEast Grove Avenue (1.4mi), Rural King Supply1700 East Grove Avenue (2.3mi)

Entertainment

Chanute Aerospace Museum1011 Pacesetter Drive  (1.4mi)

Errands

WAL-MART PHARMACY845 Broadmeadow Road (.6mi), Bank of Rantoul, 201 E Champaign Ave (.6mi), Credit Union 1200 E Champaign Ave (.6mi), Ryan Tiarks, PharmD220 South Century Boulevard  (.6mi), BCS Custom Flooring500 East Champaign Avenue (.9mi), Community Plus Federal Credit Union526 E Champaign Ave (.9mi), CVS/pharmacy1205 East Grove Avenue (1.6mi), Busey Bank1231 E Grove Ave  (1.6mi), Rantoul Ace Hardware1223 Grove Avenue (1.6mi), Conair Corporation205 Shellhouse Drive (1.8mi), Rantoul Rural King1700 East Grove Avenue (2.3mi)

 

Demographics:

Population                                           1-mi.       3-mi.

2015 Total Population                         7,335    14,386  

2015 Total Population: Adult               5,593  10,498

2015 White alone                              71.1 % 66.38%

2015 Black /African American alone    16.5%    21.8%

% Population Change 2010-2015      +3.56%  +4.06% 

Average 2015 Household Income:     $52,605    $53,455

Low crime area   (Trulia.com)

 

Comparable for sale

1112 Enterprise Drive Rantoul, IL 61866: 3,000 SF Office Bldg: $150,000

 

Real Estate Taxes:

Parcel number 20-09-02-176-004

Current taxes 2015 payable in 2016 due: $2,859

 

 

 

PROPERTY IS SOLD AS IS, WHERE IS- No Back Taxes or Liens- Title search attached

Winning bidder must contact the seller within 24 Hours after the close of the auction with full details of the buyer.

Buyer is responsible for $500 deed prep and doc fee as well as 8 % premium.

10% non-refundable deposit (minimum $1,000), auction premium (minimum $250) and $500 deed preparation and doc fee are due within 48 hours of auction close.

Final Payment to be made within 10 days of the Auction close.

All bidders to do their own due diligence. No statement anywhere, whether express or implied, shall be deemed a warranty or representation by the Seller regarding these assets. All buyers are deemed to have relied entirely on their own information, judgments and inspections of the property in making the decision to purchase the property. The sale of this property is subject to the Purchase Agreement which is attached under "Additional Details"

 

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