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.
Property Highlights
Property Type: Commercial - Retail
Building Description: 2.0 stories
General Information
County: Champaign
Listed By:
Nate Evans Group
217-239-7113
MRED MLS
MLS ID: 12659760
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122-124 E Sangamon Avenue, Rantoul, IL 61866.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $115,000 | $115,000 | $115,000 |
| Down Payment | $23,000 | $4,025 | $28,750 |
| Monthly Mortgage Amount | $604 | $732 | $740 |
| Taxes | $160 | $160 | $160 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $51 | $0 |
| Monthly Estimated Total | $864 | $1,043 | $1,000 |