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Listing provided courtesy of Nate Evans GroupMREDas Distributed by MLSGrid- MLS# 12659760MLS Provider

122-124 E Sangamon AvenueRantoul, IL 61866

Commercial · 0.13 Acres
$145,000 Active

122-124 E Sangamon Avenue Overview

Time on Site:
28 days
Visits:
0

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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122-124 E Sangamon Avenue Facts & Features

  • Type Commercial
  • Lot 0.13 Acres

Details

General

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Income: 0
  • Gross Scheduled Income: 0
  • Insurance Expense: 0
  • Trash Expense: 0
  • Water Sewer Expense: 0

Building Information

  • Year Built: 0

Location/Region

  • County Or Parish: Champaign
  • MLS Area Major: Northern Champaign County / Ford County
  • Township: Rantoul

Tax Information

  • Tax Annual Amount: $3,532.00
  • Tax Year: 2025

General Information

  • Parcel Number: 200903232010
  • Possible Use: Commercial,Office,Multi-Family,Retail
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • Zoning: RTAIL

Interior

General Information

  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Flooring: Vinyl
  • Foundation Details: Brick/Mortar
  • Stories: 2

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: City Street
  • Lot Size Acres: 0.13
  • Lot Size Dimensions: 34x160
  • Lot Size Square Feet: 395

Building Exterior/Construction

  • Construction Materials: Brick
  • Roof: Membrane

General Information

  • Number Of Units Total: 2

122-124 E Sangamon Avenue Neighborhood

Community

61866 (Rantoul) Demographics

35
Median Age
173
Population Density (per sq. mile)
25%
College Educated
$43,419
Estimated Median Income
2,799
Estimated Total Home Owners
2,682
Estimated Total Renters
51% / 49%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

122-124 E Sangamon Avenue Monthly Cost

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Eric Nowik
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

122-124 E Sangamon Avenue Market Data

Based on the last 30 days in this zip code

$202,737
Average List Price
$124
Average Price per Square Foot
9
Properties Sold
51
Average Days on Market
27
Properties for Sale
Calculations provided by Reliance Network

122-124 E Sangamon Avenue History

Date Event Value Agent
6/6/2026Source: MRED Status Change
Active
6/2/2026Source: MRED Added to Database
June 02, 2026