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Mixed-Use Land for Sale in Rantoul, Illinois

950 Broadmeadow Rd, Rantoul, IL 61866

$485,000
2.36 acres
Active sale
ago
Est $4,979/mo

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.

Location

Street address
950 Broadmeadow Rd
School district
137
Elevation
761 feet
Coordinates
40.303, -88.1827

Directions

Merge onto US-136 E/Champaign Ave Use the right lane to turn right onto County Rd 1500 E/S Murray Rd Turn right at the 1st cross street onto Broadmeadow Rd

Property details

Acreage
2.36 acres
Zoning
COMMR
MLS #
MRED 12618867
Posted

Property taxes

2025
$20,516 - 2021R03949

Parcels

  • 200904401005

Details and features

Listing

Type
Land
Franchise
Keller Williams Realty

Property utilities

CategoryTypeStatus
GasNatural GasAvailable

Nearby schools

NameTypeDistrict
Rantoul City DistrictElementary137
Rantoul City DistrictMiddle137
Rantoul High SchoolHigh193

Listing history

DateEventPriceChangeSource
Apr 15, 2026New listing$485,000MRED
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This 2.36-acre property is located at 950 Broadmeadow Rd in Rantoul, IL 61866. The property is available for sale for $485,000 with a price per acre of $205,508.

Checked 1 hour ago — Updated

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