640 PENFIELD Street N

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640 PENFIELD Street N

Rantoul, IL 61866
Asking Price
$189K
Asset Type
Farm Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Parcel consists of 7.52 acres of agricultural land.
  • Property is situated at 640 Penfield Street N in Rantoul.
  • Asking price for this Illinois acreage is set at 189000 dollars.
  • Site supports diverse agricultural and cultivation use cases.
  • Location offers access to regional infrastructure in Champaign County.

What's Special

Rantoul, Illinois, serves as a growing hub within Champaign County, benefiting from its strategic location in the heart of the Midwest. This 7.52-acre parcel of farmland sits at 640 Penfield Street N, offering expansive space for agricultural operations or related land development projects. The surrounding area is characterized by fertile soil profiles and regional infrastructure that supports consistent rural and commercial activity. Buyers seeking a land investment in this submarket will find this property suitable for various agricultural production models. Given the manageable scale and consistent geography of the region, the site provides a functional footprint for growers or land-holding investors looking to expand their footprint in Illinois. This acreage represents a straightforward asset for those focused on agricultural land use and long-term holding strategies in an established rural corridor.

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NOI
$80,000
Cap Rate
42.33%
DSCR
7.13
Strong
Cash-on-Cash
121.30%
Monthly Payment
$935.069
Annual Cash Flow
$68,779.173

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