NOT LISTED FOR SALE

700 W Champaign Ave Rantoul, IL 61866

Estimated Value: $206,000 - $537,000

1 Acres
$370,477 Price per Acre
43,560 Sq Ft Lot

Sale Details

Date Sold: August 24, 2023

Last sale price $300,000

Est. 23% increase in value since last sale

Current estimated payment $2,063 / mo

86 Days on Market

About This Lot

As of August 2023

The available 1 acre sits just east of the intersection of S. Murray Road and W. Champaign Ave. on the north side of Champaign Ave. The site is minutes from Interstate 57 and only 20 minutes from Champaign. The site would be perfect for a national chain restaurant and would fit in well with the variety of fast food restaurants at that intersection. The property currently sits in an Enterprise Zone with sales tax savings on construction materials and property tax rebates on a 5-year period. Additional acreage available if needed.

Last Agent to Sell the Property

Carrie Tinucci-Troll, CCIM

CORE 3 Commercial Real Estate License #475166842 Listed on: 01/23/2023

CORE 3 Commercial Real Estate

Last Buyer's Agent

Non Member

NON MEMBER

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,051

Lot Details

  • 1 Acre Lot
  • Lot Dimensions are 143 x 230

Schools

  • Rantoul Elementary School
  • Rantoul Junior High School
  • Rantoul Twp High School

Utilities

  • Electricity To Lot Line
  • Gas Available

Property Details

Property Type

Land

Est. Annual Taxes

$1,051

Lot Details

1 Acres

Listing Details

  • Property Type: Land
  • Property Type: Land
  • Ownership: Fee Simple
  • Road Surface Type: Asphalt
  • Subdivision Name: Not Applicable
  • General Information: Interstate Access
  • Actual Status: Closed
  • ResoPropertyType: Land
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Basement Bathrooms: No

Exterior Features

  • Frontage Type: City Street
  • Waterfront: No

Garage/Parking

  • Number of Cars: 0

Utilities

  • Utilities: Electric to Site, Gas to Site, Sanitary Sewer, Water to Site

Schools

  • Elementary School: Rantoul Elementary School
  • High School: Rantoul Twp Hs
  • Middle/Junior School: Rantoul Junior High School

Lot Info

  • Lot Size Acres: 1
  • Lot Dimensions: 143 X 230
  • Zoning: OTHER
  • Lot Size: 1.0-1.99 Acres
  • Special Assessments: N

Rental Info

  • Board Number: 23

Building Info

  • Building(s) on Land: No

Tax Info

  • Tax Annual Amount: 1051.26
  • Tax Year: 2021
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 23, 2023
Closed on
Aug 23, 2023
Sold by
Gordon Family Farms 136 Llc
Bought by
Busey Bank
Seller's Agent
Carrie Tinucci-Troll, CCIM
CORE 3 Commercial Real Estate
Buyer's Agent
Non Member
NON MEMBER
List Price
$392,040
Sold Price
$300,000
Premium/Discount to List
-$92,040
-23.48%
Views
52
Current Estimated Value
$370,477

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,477
Avg. Annual Appreciation
8.29%

Purchase Details

Closed on
Apr 20, 2009
Sold by
Bowe Joseph C and Bowe Family Trust
Bought by
Bowe Joseph P and Alice M Bowe Bypass Trust

Purchase Details

Closed on
Jul 9, 2003
Sold by
Bowe Alice M
Bought by
Bowe Joseph C and Bowe Alice M
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Busey Bank $300,000 None Listed On Document
Bowe Joseph P -- None Available
Bowe Joseph C -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/24/2023 08/24/23 Sold $300,000 -23.5% --
04/20/2023 04/20/23 Pending -- -- --
01/23/2023 01/23/23 For Sale $392,040 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,170 $12,800 $12,800 --
2023 $1,170 $11,420 $11,420 $0
2022 $1,097 $10,200 $10,200 $0
2021 $1,051 $9,520 $9,520 $0
2020 $976 $9,200 $9,200 $0
2019 $937 $8,840 $8,840 $0
Source: Public Records

Agents Affiliated with this Home

  • Carrie Tinucci-Troll, CCIM

    Seller's Agent in 2023

    Carrie Tinucci-Troll, CCIM

    CORE 3 Commercial Real Estate

    (331) 452-6860

    2 in this area

    41 Total Sales

    Carrie Tinucci-Troll, CCIM
    Section Image

  • N

    Buyer's Agent in 2023

    Non Member

    NON MEMBER

See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11705580

Midwest Real Estate Data (MRED)

APN: 20-09-03-102-021

Illinois Champaign County Rantoul 61866

700 W Champaign Ave, Rantoul, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) 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.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.