813-501-5001
501 E Condit Dr, Rantoul, IL for Rent

$3.00 USD /SF/yr

Industrial - For Rent
1/7
24,446 SF | 1 Space

501 E Condit Dr
Rantoul, IL 61866


HIGHLIGHTS

  • Two-building industrial asset totaling 48,892 SF (approx. 24,446 SF each)
  • Clear-span warehouse with 13’ clear height — flexible for many industrial uses
  • Heavy power in place: 400 AMP / 600V / 3-Phase (hard to replicate cheaply)
  • Multiple loading options (dock-high + overhead doors) supports distribution or light mfg users
  • Incentive zones: located in TIF District + Enterprise Zone + Foreign Trade Zone (FTZ) (buyer upside for attracting tenants)
  • Regional access: near I-57 / US-136 / Route 45 for Chicago/Indy/St. Louis logistics

OVERVIEW

501 E Condit Dr., Rantoul, IL 61866 (Former Chanute Air Force Base) — Industrial warehouse/manufacturing building available for lease. Building 501 offers approximately 24,446 SF in a clear-span configuration with 13’ clear height, making it well-suited for warehousing, light manufacturing, assembly, and distribution. The facility includes heavy power with 400 AMP / 600V / 3-Phase service and multiple loading options including dock-high and overhead doors for efficient shipping and receiving. The site is easily accessible from I-57, US-136, and Route 45, providing strong regional logistics to Chicago, Indianapolis, St. Louis, and the greater Champaign-Urbana market. The property is located within a Tax Increment Finance (TIF) District, Enterprise Zone, and Foreign Trade Zone (FTZ)—potential benefits for qualifying users (verify eligibility and incentives with local authorities). Modified Gross: Tenant pays utilities and liability insurance. Landlord pays property taxes and property insurance. Other terms negotiable. Tours available by appointment. Contact listing broker/owner for pricing, availability, and permitted use requirements.

RENTAL DETAILS

SPACE AVAILABLE

24,446 SF

# OF SPACES

1

RENT/MONTH

$6,112 USD /mo

RENT RATE (MO)

$0.25 USD /SF/mo

RENT RATE (YR)

$3.00 USD /SF/yr

LEASE TYPE

Plus All Utilities

LEASE LENGTH

2-5 Years

AVAILABLE

Now

BUILDING DETAILS

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

24,446 SF

YEAR BUILT

1945

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

13 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

181.51 AC

LAND SF

7,906,575.6 SF

ZONING

CR-4

ASK ABOUT THIS PROPERTY

Eddy MejiaMega Service SolutionsMore Info
813-501-5001

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Eddy MejiaMega Service SolutionsMore Info
813-501-5001

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.