Rantoul, IL 61866,1201 E Grove AVE
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Rantoul, IL 61866,1201 E Grove AVE
Rantoul, IL 61866,1201 E Grove AVE
Rantoul, IL 61866,1201 E Grove AVE

$1,150,000

Est. payment /mo

$2,100,000

45.2%
Est.Price: ?

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1201 E Grove AVE Rantoul, IL 61866

49,407 SqFt

SOLD DATE : 07/25/2024

Key Details

Sold Price $1,150,000

Property Type Commercial

Sub Type Retail/Stores

Listing Status Sold

Purchase Type For Sale

Square Footage 49,407 sqft

Price per Sqft $23

MLS Listing ID 11920374

Sold Date 07/25/24

Year Built 1970

Annual Tax Amount $68,637

Tax Year 2022

Lot Dimensions 321X482

Property 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.

Location

State IL

County Champaign

Area Northern Champaign County / Ford County

Zoning COMMR

Interior

Cooling Central Individual

Fireplace N

Building

Level or Stories 1

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Midwest Real Estate Data (MRED) IDX
Listed by Jill Guth • GUTH & ASSOCIATES,LLC
Bought with Jill Guth • GUTH & ASSOCIATES,LLC

Karen Arenson

Advisor | License ID: 471.000309

+1(773) 501-6201

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