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508 E Champaign Ave, Rantoul, IL 61866

$140,000
Last sold 01/15/2026 after 1 Day
3
bed
2
bath
1,416
Sqft ($99/Sqft)

House not for sale

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About 508 E Champaign Ave

Property type House

Neighborhood

Year built 1977

HOA fee $0/month

Movoto estimate

Rental estimate

Property description

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.

Listed by

Listing Agent - Nate Evans

Listing Office - eXp Realty-Mahomet

Source: MRED

MLS#12545121 • last updated 5 months ago

Movoto checked MRED for data 21 minutes ago

Overview
Cooling/AC	None
Heating	Natural Gas
MLS #	12545121
Virtual Tour	N/A
Status	Closed
SubType	2 Stories
Living Area	1416
Type	Detached Single
Property Tax $	3070
Year Built	1977
HOA Fee $	Not Applicable

Interior
# Full Baths	1
# Half Baths	1
Basement	None
Total # of Rooms	8
Accessibility Features	No

Exterior
Construction	Block
Lot Desc	.25-.49 Acre

Amenities / Utilities
Sewer/ Septic Desc	Public Sewer
Water Source	Public
HOA Fee Includes	None

Location
Area	Northern Champaign County / Ford County
County	Champaign
Elementary School District	193
Middle School District	193
High School District	137
APN	200902176004

$159K

Range: $143K-$175K

Last 30 days

Rental est.: $963/month

• Gross rent multiplier: 12.1

Lower your payment with the loan terms that fit you.

Feb 2026
MLS # 12545121
Feb 18, 2026 Sold
$140,000
Jan 15, 2026 Listed
$149,990
Feb 2026
Public Records
Feb 17, 2026 Sold
$140,000 (-6.7%)
Oct 2025
MLS # 12255698
Oct 20, 2025 Listed
—
Oct 6, 2025 Active
—
Oct 1, 2025 Price Change
$149,900 (-6.3%)
May 12, 2025 Price Change
$159,900 (-3.1%)
Mar 13, 2025 Price Change
$165,000 (-5.7%)
Dec 13, 2024 Listed
$175,000 (+600.0%)
Feb 2017
Public Records
Feb 1, 2017 Sold
$25,000 (-75.0%)
Oct 2005
Public Records
Oct 4, 2005 Sold
$100,000
Apr 2004
Public Records
Apr 12, 2004 Sold
$100,000

508 E Champaign Ave
$140K
Northern Champaign County / Ford County
—
61866
$199K +24% y/y
Rantoul
$199K +24% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
522 E Champaign Ave, Rantoul, IL 61866	$78,450	—/—	—	0.02
500 E Champaign Ave, Rantoul, IL 61866	$108,390	—/—	—	0.02
305 S Fredrick St, Rantoul, IL 61866	$51,540	—/—	—	0.03
311 S Fredrick St, Rantoul, IL 61866	$69,180	—/—	—	0.04
505 E Wabash Ave, Rantoul, IL 61866	$114,210	3/2	—	0.05
509 E Wabash Ave, Rantoul, IL 61866	$76,080	2/1	—	0.05
513 E Wabash Ave, Rantoul, IL 61866	$92,160	3/1	—	0.05
517 E Wabash Ave, Rantoul, IL 61866	$78,600	3/2	—	0.05

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.