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112 Flessner Ave - Rantoul Storage 32,000 SF Specialty Building Offered at $3,463,100 CAD in Rantoul, IL 61866
Investment Highlights
- Opportunity to purchase a brand new self storage property that has achieved 97% occupancy within its first year of opening
- Conveniently located just minutes from downtown and close to the Rantoul Public Library
- Additional 16,000 RSF of storage buildings approved for expansion
- Property currently has a waiting list of tenants waiting to rent
Executive Summary
The self-storage market in Rantoul, IL, presents a compelling opportunity for investors, driven by several key factors:
1. Growing Demand: As Rantoul experiences population stability and growth, the need for additional storage solutions rises. Factors such as downsizing, relocation, and increased consumerism contribute to this demand.
2. Limited Competition: The Rantoul area has a relatively low number of self-storage facilities compared to larger urban centers. This lack of competition can create opportunities for new facilities to capture market share and establish a loyal customer base.
3. Great market conditions with supply well below industry averages
4. Room to expand - up to 50% SF more, shovel ready with approvals
5. Automated facility
Overall, Rantoul’s self-storage market is positioned for growth, making it an appealing option for investors seeking stable returns and a solid long-term investment strategy.
1. Growing Demand: As Rantoul experiences population stability and growth, the need for additional storage solutions rises. Factors such as downsizing, relocation, and increased consumerism contribute to this demand.
2. Limited Competition: The Rantoul area has a relatively low number of self-storage facilities compared to larger urban centers. This lack of competition can create opportunities for new facilities to capture market share and establish a loyal customer base.
3. Great market conditions with supply well below industry averages
4. Room to expand - up to 50% SF more, shovel ready with approvals
5. Automated facility
Overall, Rantoul’s self-storage market is positioned for growth, making it an appealing option for investors seeking stable returns and a solid long-term investment strategy.
Property Facts
| Price | $3,463,100 CAD | Building Class | C |
| Price Per SF | $108.22 CAD | Building Size | 32,000 SF |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2024 |
| Property Subtype | Self-Storage | Cross Streets | Nan Fuller Dr. |
| Price | $3,463,100 CAD |
| Price Per SF | $108.22 CAD |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Building Size | 32,000 SF |
| No. Stories | 1 |
| Year Built | 2024 |
| Cross Streets | Nan Fuller Dr. |
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Somewhat walkable
30/100
Exceptionally drivable
90/100
Very bikeable
80/100
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112 Flessner Ave - Rantoul Storage
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