122-124 E Sangamon Avenue Rantoul, IL $ 145,000
122-124 E Sangamon Avenue
$ 145,000
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122-124 E Sangamon Avenue

Rantoul, IL, 61866
$ 145,000
Bedrooms-- Baths--

Monthly Estimate*

$ 893

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Commercial Property for sale in Rantoul, IL

for $145,000. The lot size is 0.13.

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.

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Commercial Active

Price

$ 145,000

Property Type

Commercial

Taxes

$ 3,532

Style

Lot Size

0.13

Town/City

Rantoul

County/Region

Champaign

MLS | Web ID

12659760

Features
General
Cooling Central Air
Possession Closing Negotiable
Roof Membrane
Zoning RTAIL
Construction Materials Brick
Year Built 0
Electric Circuit Breakers
Stories Count 2
Township Rantoul
Property Subtype Mixed Use
Tax Year 2025
Gross Income 0
County Champaign
Insurance Expense 0
Property Type Commercial Sale Mixed Use
Possible Use Commercial Office Multi-Family Retail
Status Active
Directions Head toward downtown Rantoul and get onto East Sangamon Avenue. Continue east until you reach 122-124 E Sangamon Ave which is in the downtown business area near several local storefronts and restaura
City Rantoul
Number Of Units Total 2
MLS Area Northern Champaign County / Ford County
Lot Size Square Feet 395
Tax Annual Amount 3532
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Standard Status Active
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Interior
Flooring Vinyl
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Exterior
Foundation Details Brick/Mortar
Lot Dimensions 34x160
Lot Size Acres 0.13
Frontage Type City Street
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* Excluded Features
List By
Nate Evans Group

Broker

nate@thenateevansgroup.com

Email

Affordability Calculator

$1,187
Per Month
75%
25%
0%
Monthly Principal & Interest
$893
Monthly Property Taxes
$294
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/2/2026$145,000 Listed Price

Map


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122-124 E Sangamon Avenue, Rantoul, IL, 61866 is a Commercial Property for sale at $145,000 with a lot size of 0.13. The property's zip code is 61866 which is in Rantoul, IL