$485,000

950 Broadmeadow Rd Rantoul, IL 61866

Estimated payment $4,299/month

2.36 Acres
$205,508 Price per Acre
102,802 Sq Ft Lot

About This Lot

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.

Listing Agent

Atif Irfan

KELLER WILLIAMS-TREC Brokerage Phone: (217) 419-0195 License #475184926 Listed on: 04/14/2026

KELLER WILLIAMS-TREC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $20,516

Lot Details

  • 2.36 Acre Lot
  • Lot Dimensions are 215x471
  • Property is zoned COMMR

Schools

  • Rantoul City District Elementary And Middle School
  • Rantoul High School

Property Details

Property Type

Land

Est. Annual Taxes

$20,516

Lot Details

2.36 Acres

Listing Details

  • Property Type: Land
  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Commercial
  • Road Surface Type: Asphalt
  • General Information: School Bus Service,Commuter Bus,Interstate Access
  • Legal Description: 2021R03949
  • Actual Status: New
  • SomePhotosVirtuallyStaged: No
  • Attribution Contact: (217) 419-0195
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Basement Bathrooms: No

Exterior Features

  • Frontage Type: Frontage Road
  • Waterfront: No

Utilities

  • Utilities: Electricity Nearby, Natural Gas Available, Sewer Nearby

Schools

  • Elementary School: Rantoul City District
  • High School: Rantoul High School
  • Middle/Junior School: Rantoul City District

Lot Info

  • Lot Size Acres: 2.36
  • Lot Dimensions: 215X471
  • Zoning: COMMR
  • Lot Size: 2.0-2.99 Acres
  • Special Assessments: N

Rental Info

  • Board Number: 22

Building Info

  • Building(s) on Land: No

Tax Info

  • Tax Annual Amount: 20516
  • Tax Year: 2025

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/14/2026 04/14/26 For Sale $485,000 -- --
Source: Midwest Real Estate Data (MRED)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $415,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $332,000 New Conventional
Source: Public Records

Source: Midwest Real Estate Data (MRED)

MLS Number: 12618867

Midwest Real Estate Data (MRED)

APN: 200904401005

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