$42.50 Per Sq Foot $11,273 est/mo Sourced by Back At You

1201 E Grove Avenue,Rantoul, IL 61866

Rantoul IL, 61866

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Description

Exclusively offering for sale a long-established and thriving retail center in Rantoul, Illinois at 1201 - 1205 E Grove Avenue on the US Rt 136 corridor. Family owned since 1970, this three-tenant center, which is comprised of two buildings, has been anchored by a grocery store since built in 1970 and has been home to County Market, a regional grocery store chain, since 2010. Additionally, the location has been home to a pharmacy since 1986, originally being Hook Drugs and transitioning to CVS Pharmacy. The property includes two structures totaling 49,407 square feet situated on 3.55 acres with 350 parking spaces. County Market comprises over 38,000 square feet of the center with CVS an additional 8,900 SF of space. There is a 2,100 SF space available that was recently vacated by a local bank. This space can be accessed from the exterior of the building or within the grocery store. Additionally, there is an ATM lease in place creating additional income for the center. The center is shadow anchored by numerous national tenants including O'Reilly Auto Parts, Dollar Tree, ACE Hardware, and Family Dollar. With a strong tenant base and a history of steady income, this retail center offers an exceptional opportunity for investors seeking stable returns. Rantoul is located in Champaign County and home to over 13,000 residents and provides retail services to both the community and the surrounding small towns. It is also home to the recently completed Rantoul Family Sports Complex, a 60+ acre multi-sports complex which hosts sports tournaments throughout the year.

Details

MLS#11920374
Listing TypeFor Sale
StyleRetail
Sub-TypeResale
StatusPending
Year1970
Days On Site209
Listing Provided ByGUTH & ASSOCIATES,LLC | Jill Guth

Features

SQ Feet49,407
Story(s)1
Units3
ZoningCOMMR

Market Activity 61866

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Learn More About This Property

StateIL
CountyChampaign
CityRantoul
Zip Code61866
AreaDewey | Fisher | Flatville | Foosland | Gifford | Ludlow | Penfi
Listing VS Median (in 61866)
Price:
$2,100,000
low | high
Med:
$150,000
100% of Average
SqFt:
49,407
low | high
Med:
29,130
91.040743214524% of Average
$ / SqFt:
$43
low | high
Med:
$20
100% of Average
On Site:
209
low | high
Med:
185.000000
100% of Average
Sourced by Back At You
Listing Updated: May 21, 2024 at 7:57:49 PM PDT