For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
Check Availability
Rantoul 61866
1316 YAKEL Street
Photo of 1316 YAKEL Street

1

Map

$49,900
↓ $20K (28.6%)
● Land - For Sale

1316 YAKEL Street

Rantoul, IL 61866
bedrooms
Studio
bathrooms
0 Bath
$365
Est. Monthly

About This Property

HUGE PRICE REDUCTION  This prime commercial corner parcel offers outstanding exposure just minutes from Champaign Urbana, making it an exceptional opportunity for a wide range of business or development uses. Spanning approximately 2.33 acres, the property sits along high-traffic Route 45 with the added advantage of a nearby traffic light, ensuring excellent visibility and accessibility. Positioned directly across from Rantoul Park District parks, the location benefits from consistent daily activity and strong surrounding presence. With access from two streets, the lot provides flexible entry points and could be easily divided into two separate parcels, adding even more potential for future development. Don't miss out on this great opportunity!
Unit Size
-
Days on Market
-
Land Size
2.33 acres
Price per sqft
-
Property Type
Land
Property Taxes
$119
HOA Dues
-
Year Built
-

Listed By

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Property Highlights

Exterior Details
Lot Size Area: 101494.8
Lot Size Units: Square Feet
Lot Size Acres: 2.33
Lot Size Square Feet: 101494.8
Lot Size Dimensions: 2.33
Financial Details
Tax Annual Amount: $1,428

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 101,663
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: ROESSLER, K AND L SUB
  • Land Acres: 0000002334
  • Standard Land Use Code: 8002
  • County Land Use Code: 0050
  • Legal Description 1: LOT 3 ROESSLER, K AND L SUB

Neighborhood

  • School District Name: Rantoul City School District 137
  • School Tax School District: 101
  • Census Tract: 010300

Geography

  • District: 20
  • Parcel: 20-09-10-421-003
  • Lot: 3
  • Meridian: SEC 10 TWN 21N RNG 09E
  • Municipality: RANTOUL
  • Latitude: 40.2891
  • Longitude: -88.1645

    Address

  • Full Address: 1316 Yakel St
  • Address - House Number: 1316
  • Address - Street Name: Yakel
  • Address - Suffix Type: St
  • State: IL
  • City Name: Rantoul
  • Carrier Code: C003
  • 4-Digit Zip Code: 3644
  • Zip Code: 61866

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $115,816
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 2060

    Market Valuation

  • Market Total Value: $32,910
  • Market Land Value: $32,910

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $10,970
  • Assessed Land Value: $10,970

    Sales

  • Current Sale Contract Date: Jul 23, 2021
  • Current Sale Recording Date: Oct 08, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021R24161
  • Previous Sale Recording Date: May 16, 2012
  • Previous Sale Contract Date: May 09, 2012
  • Previous Sale Amount: $354,000
  • Previous Sale Document Type: 20
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Rantoul

Stats & Trends

Median Asking:

$139,975

Sale Price/ft²

$118

Below Asking

0.02%

Average Days on Market

54

Average Home Size

1544 ft²

Average Home Age

54.3 years

Currently For Sale

10 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Steve Littlefield, KELLER WILLIAMS-TREC
Data Source: MRED, MLS# MRD12549726
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1316 Yakel Street built and last sold?
The property at 1316 Yakel Street was built in and last sold on Jul 23, 2021 for $420,000.
How much is this home worth?
The estimated value of the home located at 1316 Yakel Street is $50,399.
What are some comparable homes to 1316 Yakel Street?
There are currently no comparable homes to 1316 Yakel Street.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Rantoul Homes for Sale
Rantoul Houses for Sale
Rantoul Condos for Sale
Rantoul Townhouses for Sale
Rantoul Multifamily for Sale
Rantoul Land for Sale
Rantoul Commercial for Sale
Rantoul Homes with Basements
Nearby Cities
Lake of the Woods Homes for Sale
Fisher Homes for Sale
Thomasboro Homes for Sale
Gifford Homes for Sale
Ludlow Homes for Sale
Royal Homes for Sale
Penfield Homes for Sale
Nearby Property Records
Champaign County, IL Property Records
Ford County, IL Property Records
Piatt County, IL Property Records
Vermilion County, IL Property Records
Douglas County, IL Property Records
De Witt County, IL Property Records
McLean County, IL Property Records
Iroquois County, IL Property Records
Neighborhoods
Boulder Ridge Real Estate
Garden Hills Real Estate
Ashland Park Real Estate
Garden Park Real Estate
Dobbins Downs Real Estate
Stratton Real Estate
Beardsley West Real Estate
Nearby Counties
Ludlow Homes for Sale
Ogden Homes for Sale
Hensley Homes for Sale
Somer Homes for Sale
Compromise Homes for Sale
East Bend Homes for Sale
Condit Homes for Sale
Harwood Homes for Sale
Top Real Estate Agents
Top Agents in Rantoul
Top Agents in 61866
Top Agents in Boulder Ridge
Top Agents in Lake of the Woods
Top Agents in Garden Hills
Top Agents in Ludlow
Top Agents in 61843
Top Agents in Fisher