Rantoul, KS Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Rantoul, Kansas Market population: 13K. Browse multifamily, office, retail, industrial, and mixed-use investment opportunities....
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Rantoul IL Properties: 2.7500%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Rantoul IL
Common questions from investors exploring commercial real estate in Rantoul IL.
What's the overall investment potential of Rantoul, IL, considering its demographics and economy?
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Rantoul's median household income of $37,728, combined with a poverty rate of 21.2% and a high health insurance coverage rate of 88.8%, suggests a relatively stable market with working-class tenants. The city's diverse population, with top ethnicities including White, White Non-Hispanic, and Black, and a foreign-born rate of 4.3%, indicates a potentially vibrant community. Additionally, the top industries, such as Finance & Insurance and Manufacturing, contribute to a strong employment base.
How does the city's commute time and transportation infrastructure impact rental demand?
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The average commute time of 21.2 minutes in Rantoul, with top commute methods including driving alone, carpooling, and working from home, indicates a convenient and relatively stress-free transportation experience for residents. This, coupled with a high employment rate of 5,803 and a strong presence of industries like Public Administration, suggests a steady demand for rentals, particularly from tenants who value easy access to work and amenities.
What are the key factors influencing property values and appreciation in Rantoul?
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The median property value of $81,700, paired with a median property tax of $2,408, presents a relatively affordable investment opportunity in Rantoul. Considering the city's poverty rate of 21.2% and a GINI coefficient of 0.42, which indicates moderate income inequality, investors should focus on the growing industries and the city's efforts to improve quality of life, such as enhancing public transportation and community amenities, to drive property appreciation.
How does the city's ethnic diversity and industry base contribute to market demand?
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Rantoul's diverse ethnic makeup, with significant White, White Non-Hispanic, and Black populations, contributes to a rich cultural scene and potentially strong demand for housing from a variety of demographic groups. The presence of top industries like Finance & Insurance, Manufacturing, and Public Administration not only provides a broad employment base but also attracts a diverse workforce, further supporting the demand for rental properties and contributing to the city's economic stability.
What role do health insurance coverage and commute times play in assessing tenant quality and market stability in Rantoul?
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The high health insurance coverage rate of 88.8% in Rantoul, combined with an average commute time of 21.2 minutes, suggests a population with access to employment opportunities and healthcare, which are critical factors for tenant quality and stability. This, along with a median age of 32.6 and an employed population of 5,803, indicates a relatively stable and reliable tenant base, making Rantoul an attractive location for real estate investment, particularly for those seeking long-term rentals with lower risk of vacancy and non-payment.
Rantoul IL Real Estate & City Facts
Key facts and real estate information about Rantoul IL.
What are some of the best neighborhoods to live in Rantoul?
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Some of the best neighborhoods to live in Rantoul include Northwest Rantoul, which is known for being quiet and family-friendly. Other neighborhoods, such as those near the Maplewood Sports Complex, are also popular for their convenience and safety. However, it's worth noting that some areas of Rantoul have a reputation for having slumlords, so it's essential to research and visit neighborhoods before making a decision.
What are some fun things to do in Rantoul?
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Rantoul has a variety of attractions and activities to enjoy. For outdoor enthusiasts, the Maplewood Sports Complex and the Hardy's Reindeer Ranch are great places to visit. The ranch offers paintball, pedal race cars, and hay rides, while the sports complex has a playground and hosts various events. Additionally, the Rantoul Historical Society Museum is a great place to learn about the city's history.
What is the food scene like in Rantoul?
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Rantoul's food scene is diverse and offers a range of options. ET's Downtown Rantoul is a highly-rated restaurant that serves classic American fare, while Taste of Thai provides authentic and traditional Thai cuisine. There are also plenty of great food trucks and local eateries to try, such as Central Park Burger Joint. Whether you're in the mood for something familiar or wanting to try something new, Rantoul has plenty of options to satisfy your cravings.
What are the pros and cons of living in Rantoul?
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Living in Rantoul has its pros and cons. On the positive side, the city has a strong sense of community, with many family-friendly neighborhoods and activities. The cost of living is also relatively low compared to other cities in the state. However, some areas of Rantoul struggle with poverty and crime, and the city's economy has faced challenges in recent years. Additionally, some residents have noted that the city's downtown area could use more development and investment.
Is Rantoul a good place to live?
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Whether or not Rantoul is a good place to live depends on your individual preferences and priorities. If you're looking for a tight-knit community with a low cost of living, Rantoul may be a great fit. However, if you're concerned about crime or economic opportunities, you may want to consider other options. Overall, Rantoul has its charm and advantages, but it's essential to weigh the pros and cons and visit the city before making a decision.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Rantoul IL Commercial Property: $37,728
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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