2040 Lon Dr, Rantoul, IL 61866 Property Records

Champaign County property record for 2040 Lon Dr, Rantoul, IL 61866

Property Summary

Property Type	Commercial
Lot Size	9 acres (434,438 sqft)
Owner	Company Name on Record
Last Sale	$1,450,000 (Dec 2021)
Tax Bill	$39,777 (2024)
Deeds & Mortgages	Dec 2021 Sale & Mortgage Apr 2017 Line of Credit + 2 more
Flood Zone	Zone X (minimal risk)
APN	`14-03-36-376-006`

Property Details

APN / Parcel Number

Primary APN	`14-03-36-376-006`

Exterior

Lot Area	434,438 sqft (9 acres)

Location & Zoning

Street Address	2040 LON DR
City	RANTOUL
State	IL
Zip	61866-2000
Property Category	Commercial
Property Type	Commercial > Retail
Legal Description	LOT 1 WAL-MART 1ST ADD
Legal Range	09E
Legal Township	22N
Legal Section	36
Legal Subdivision	WAL-MART 1ST ADD
Legal Lot Number	1
Jurisdiction	CHAMPAIGN IL
Township / Civil Division	LUDLOW
Census Block Group	1
Census Block	1001
Census Tract	10100

Owner

Source: Champaign County records, as of April 29, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on Record
Mailing Address	366 MADISON AVE, 3, NEW YORK, NY 10017-3122
Owner Type	Company
Vesting	Limited Liability Company

Deeds, Mortgages & Sale History

Date	Document
Dec 21, 2021	Special Warranty Deed, Transfer · SBA Mortgage CIBC BANK USA
Apr 3, 2017	Deed of Trust, Mortgage · Line of Credit FIRST STATE BANK
Jul 29, 2019	Deed of Trust, Mortgage · Commercial Mortgage FIRST STATE BANK
Jul 23, 2018	Trustee's Deed, Construction Loan · Line of Credit FIRST ST BK

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Dec 21, 2021 · Amount on Record
Deed Sale	Dec 21, 2021 · Amount on Record
Prior Sale	Oct 17, 2007 · Amount on Record
Deed Document Number	202129582
Prior Transfer Date	May 10, 2010
Prior Transfer Doc	0000012434
Record Updated	Oct 29, 2026

December 2021: Special Warranty Deed, Transfer

Document Type	Special Warranty Deed
Jurisdiction	CHAMPAIGN IL
Recording Date	Dec 21, 2021
Property Address	2040 LON DR, RANTOUL, IL 61866-2000
Document Number	0000029582
Map Reference	MB AA PG 198
Instrument Date	Dec 14, 2021
Instrument	2021R29582
Transaction Type	Transfer
Record Updated	Jul 11, 2023

Transaction

Amount	Amount Recorded
Tax	$1,450.00
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	366 MADISON AVE, NEW YORK, NY 10017-3122

Mortgage

Document Number	0000029583
Date	Dec 21, 2021
Instrument	2021R29583

Lender

Name	CIBC BANK USA
Type	Bank

Agreement

Type	SBA Mortgage
Amount	Amount Recorded

April 2017: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	CHAMPAIGN IL
Property Address	2040 LON DR, RANTOUL, IL 61866-2000
Transaction Type	Mortgage
Record Updated	Feb 5, 2021

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0000005483
Date	Apr 3, 2017
Instrument	2017R05483

Lender

Name	FIRST STATE BANK
Type	Bank
Address	CHAMPAIGN, IL 61820

Agreement

Type	Line of Credit
Amount	Amount Recorded
Term	15 Months
Due	Jul 1, 2018

Interest

Rate Type	Adjustable Rate
Change Frequency	Monthly

July 2019: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	CHAMPAIGN IL
Property Address	2040 LON DR, RANTOUL, IL 61866-2000
Transaction Type	Mortgage
Record Updated	Feb 5, 2021

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0000012008
Date	Jul 29, 2019
Instrument	2019R12008

Lender

Name	FIRST STATE BANK
Type	Lending Institution
Address	CHAMPAIGN, IL 61820

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded
Term	36 Months
Due	Jul 22, 2022

Interest

Rate Type	Adjustable Rate
Change Frequency	Monthly

July 2018: Trustee's Deed, Construction Loan

Document Type	Trustee's Deed
Jurisdiction	CHAMPAIGN IL
Recording Date	Jul 23, 2018
Property Address	2040 LON DR, RANTOUL, IL 61866-2000
Instrument Date	Jul 18, 2018
Instrument	12559
Transaction Type	Construction Loan
Record Updated	Aug 9, 2018
Title Company	ALLIED CAPITAL TITLE

Transaction

Tax	$0.00
Additional	Multiple Parcels

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	1320 HARMON DR RANTOUL IL 618663310, RANTOUL, IL 61866-3310

Mortgage

Document Number	0000012559
Date	Jul 23, 2018
Instrument	12559

Lender

Name	FIRST ST BK
Type	Bank
Address	CHAMPAIGN, IL 61820

Agreement

Type	Line of Credit
Amount	Amount Recorded
Term	12 Months
Due	Jul 22, 2019

Interest

Rate Type	Adjustable Rate
Rate	5%

Tax Assessment & Valuation

Source: Champaign County assessment roll, as of April 29, 2026

Property Jurisdictions

Type	Name
State	Illinois
County	Champaign County
County Subdivision	Ludlow Township
Municipality	Rantoul Village
Elementary School District	Rantoul City School District 137 (KG - 08)
Secondary School District	Rantoul Township High School District 193 (09 - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025		$456,280 (+9.8%) Land $105,860 Building $350,420	$1,368,840 (+9.8%) Land $317,580 Building $1,051,260
2024	$39,777.00 (+5.5%)	$415,550 (+25.55%) Land $96,410 Building $319,140	$1,246,650 (+25.55%) Land $289,230 Building $957,420
2023	$37,703.00 (+6.78%)
2022	$35,309.00	$330,980 Land $76,790 Building $254,190	$992,940 Land $230,370 Building $762,570

Assessed value and assessed market value are set for property tax purposes, not market price estimates; both are a fraction of this property's market value.

Flood

Source: FEMA National Flood Hazard Layer, effective July 14, 2021

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it

Values are read at the parcel center point; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 95% of the US · lower than 70% of Illinois
Wildfire Likelihood	Under 0.01% annual chance
Exposure	None beyond ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	RANTOUL serves 13,000 people · EPA ID IL0190650
Water Source	Groundwater
Last State Inspection	Aug 2025
Lead	2 ppb (2021–2023) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	1 last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes. The service area is an EPA estimate; the actual supplier may differ.

Internet Providers

Source: FCC Broadband Data Collection, based on 198 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Conxxus Fiber	8,000 / 8,000
Mediacom Xtream Cable	1,000 / 50
Nextlink Fixed Wireless	500 / 100

May also be available: Verizon.

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