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Rantoul 61866
950 Broadmeadow Road
$485,000
● Land - For Sale

950 Broadmeadow Road

Rantoul, IL 61866
bedrooms
Studio
bathrooms
0 Bath
$4,092
Est. Monthly

About This Property

Prime commercial development opportunity located just off I-57 in a high-visibility, high-traffic corridor in Rantoul, IL. This vacant land is strategically positioned in a thriving business area with excellent highway access, making it ideal for retail, hospitality, hotel, restaurant, gas station, or mixed-use development.    Walking distance to the Rantoul Sports Complex, a major regional attraction that drives consistent visitor traffic and economic activity to the area-making this site especially attractive for hospitality and retail development.    Located within a TIF (Tax Increment Financing) District, offering potential incentives to develop, including possible reimbursement for eligible project costs (buyer to verify with municipality).    The property benefits from strong traffic counts, easy ingress/egress, and proximity to major employers, national retailers, and Champaign-Urbana. Utilities are nearby (buyer to verify), and flexible zoning supports a wide range of commercial uses.    This is a rare opportunity to acquire well-located development land in a growing corridor with strong upside potential.
Unit Size
-
Days on Market
-
Land Size
2.36 acres
Price per sqft
-
Property Type
Land
Property Taxes
$1,710
HOA Dues
-
Year Built
-

Listed By

Atif Irfan
BHHS Central Illinois, REALTORS

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Property Highlights

Exterior Details
Lot Size Area: 102801.6
Lot Size Units: Square Feet
Lot Size Acres: 2.36
Lot Size Square Feet: 102801.6
Lot Size Dimensions: 215X471
Financial Details
Tax Annual Amount: $20,516

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: 0
  • 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
  • Standard Land Use Code: 8002
  • County Land Use Code: 0050
  • Legal Description 1: 2021R03949

Neighborhood

  • School Tax School District: 101
  • Census Tract: 010204

Geography

  • District: 20
  • Parcel: 20-09-04-401-005
  • Lot: 2021R
  • Municipality: RANTOUL
  • Latitude: 40.303
  • Longitude: -88.1826

    Address

  • Full Address: 950 Broadmeadow Rd
  • Address - House Number: 950
  • Address - Street Name: Broadmeadow
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Rantoul
  • Carrier Code: R002
  • 4-Digit Zip Code: 2129
  • Zip Code: 61866

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,684,326
  • Tax Rate Code Area: 2052

    Market Valuation

  • Market Total Value: $488,130
  • Market Land Value: $488,130

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $162,710
  • Assessed Land Value: $162,710
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

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

About Rantoul


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Frequently Asked Questions

When was property at 950 Broadmeadow Road built and last sold?
The property at 950 Broadmeadow Road was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 950 Broadmeadow Road is $489,850.
What are some comparable homes to 950 Broadmeadow Road?
There are currently no comparable homes to 950 Broadmeadow Road.