$1,150,000
$2,100,000
45.2%For more information regarding the value of a property, please contact us for a free consultation.
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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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Jill Guth • GUTH & ASSOCIATES,LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "