Rare opportunity featuring two separate buildings on one C2 commercially-zoned lot along Route 136. The front building offers 1,500 square feet of concrete block construction with drive thru option. Front building has 3-phase 200-amp electrical service, previously used as a woodworking shop. The back building is a 2-story updated residential home with some great features throughout. Both buildings feature lifetime silicone roofs and concrete block construction built to last. Perfect for live-work setups, dual rental income, contractors needing shop space, small business owners, or investors. High-traffic location with excellent visibility and quick I-57 access. At $149,990 you get two buildings on commercial land for less than most single homes in the area. Both buildings sold AS-IS. Open to seller financing with the right deal.
Closed
$140,000
508 E Champaign Ave, Rantoul, IL 61866
3beds
1,416sqft
Single Family Residence
Built in 1977
0.33 Acres Lot
$140,900 Zestimate®
$99/sqft
$1,512 Estimated rent
Home value
$140,900
$134,000 - $148,000
$1,512/mo
Zestimate® history
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Zillow last checked: 7 hours ago
Listing updated: February 18, 2026 at 02:11pm
Listing courtesy of:
Nate Evans (217)239-7113,
eXp Realty-Mahomet,
Josh Hinkle 217-840-4375,
eXp Realty-Mahomet
Bought with:
Russell Taylor, ABR,CRB,CRS,GRI,SRES
Taylor Realty Associates
Source: MRED as distributed by MLS GRID,MLS#: 12545121
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Primary bedroom
- Level: Second
- Area: 121 Square Feet
- Dimensions: 11X11
Bedroom 2
- Level: Second
- Area: 96 Square Feet
- Dimensions: 8X12
Bedroom 3
- Level: Second
- Area: 132 Square Feet
- Dimensions: 12X11
Dining room
- Level: Main
- Area: 81 Square Feet
- Dimensions: 9X9
Family room
- Level: Second
- Area: 192 Square Feet
- Dimensions: 16X12
Foyer
- Level: Main
- Area: 20 Square Feet
- Dimensions: 4X5
Kitchen
- Level: Main
- Area: 322 Square Feet
- Dimensions: 23X14
Living room
- Level: Main
- Area: 210 Square Feet
- Dimensions: 15X14
Other
- Level: Main
- Area: 476 Square Feet
- Dimensions: 17X28
Heating
- Natural Gas
Cooling
- None
Features
- Basement: None
Interior area
- Total structure area: 1,416
- Total interior livable area: 1,416 sqft
- Finished area below ground: 0
Property
Parking
- Total spaces: 12
- Parking features: Yes, Owned
Accessibility
- Accessibility features: No Disability Access
Features
- Stories: 2
Lot
- Size: 0.33 Acres
- Dimensions: 90 x 160
Details
- Parcel number: 200902176004
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Block
Condition
- New construction: No
- Year built: 1977
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Rantoul
HOA & financial
HOA
- Services included: None
Other
Other facts
- Listing terms: Cash
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 2/13/2026 | Sold | $140,000-6.6%$99/sqft |
Source:  MRED as distributed by MLS GRID #12545121 Report a problem | ||
| 10/20/2025 | Listed for sale | $149,900$106/sqft |
Source: MRED as distributed by MLS GRID #12255698 Report a problem | ||
| 10/6/2025 | Contingent | $149,900$106/sqft |
Source: MRED as distributed by MLS GRID #12255698 Report a problem | ||
| 10/1/2025 | Price change | $149,900-6.3%$106/sqft |
Source: MRED as distributed by MLS GRID #12255698 Report a problem | ||
| 5/12/2025 | Price change | $159,900-3.1%$113/sqft |
Source: MRED as distributed by MLS GRID #12255698 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,070 +8% | $38,360 +12.1% |
| 2023 | $2,842 +9.6% | $34,220 +12% |
| 2022 | $2,593 +6.2% | $30,560 +7.1% |
Find assessor info on the county website
Neighborhood: 61866
Nearby schools
GreatSchools rating
- 2/10Broadmeadow Elementary SchoolGrades: K-5Distance: 0.9 mi
- 5/10J W Eater Jr High SchoolGrades: 6-8Distance: 0.2 mi
- 2/10Rantoul Twp High SchoolGrades: 9-12Distance: 0.2 mi
Schools provided by the listing agent
- District: 193
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Illinois
- Champaign County
- Rantoul
- 61866
- 508 E Champaign Ave