1802 Rainbow Ave, Bloomington, IL 61704 Property Records

McLean County property record for 1802 Rainbow Ave, Bloomington, IL 61704

Property Summary

Property Type	Commercial Vacant Land
Details	2 bd · 19,120 sqft · built 1992
Lot Size	0.445 acres (19,377 sqft)
Owner	Company Name on Record
Last Sale	$364,000 (Mar 2025)
Tax Bill	$18,212 (2024)
Deeds & Mortgages	Apr 2021 Mortgage Feb 2026 Line of Credit + 4 more
Flood Zone	Zone X (minimal risk)
APN	`14-35-227-031`

Property Details

APN / Parcel Number

Primary APN	`14-35-227-031`

Interior

Bedrooms	2 Beds
Units	24 Units
Stories	2 Stories
Building Area	19,120 sqft Gross Area
1st Floor Area	4,745 sqft
Basement Area	4,885 sqft
Finished Basement	4,885 sqft
Flooring	Carpet
Interior Walls	Wallboard/Drywall
Fireplaces	1 Fireplace
Fireplace	Fireplace

Exterior

Year Built	Built 1992
Effective Year Built	Effective 1992
Exterior Material	Brick Veneer
Construction Type	Wood
Roof Material	Composition Shingle
Lot Area	19,377 sqft (0.445 acres)
Lot Dimensions	150 ft deep x 130 ft wide
View / Lot	Lake Front
Garage Type	Basement

Utilities, Heating & Cooling

Cooling System	A/C Chilled Water
Heating System	Forced Air with A/C
Heating Fuel	Gas

Location & Zoning

Street Address	1802 RAINBOW AVE
City	BLOOMINGTON
State	IL
Zip	61704-2276
Property Category	Commercial
Property Type	Vacant Land > Commercial
Legal Description	LOT 14 6TH ADD TO LAKEWOOD ESTATES SUB
Legal Range	02E
Legal Township	24N
Legal Section	35
Legal Subdivision	LAKEWOOD ESTATES
Legal Lot Number	14
Jurisdiction	MCLEAN IL
Township / Civil Division	BLOOMINGTON CITY
Census Block Group	1
Census Block	1003
Census Tract	1106

Owner

Source: McLean County records, as of April 8, 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	PO BOX 1588, BLOOMINGTON, IL 61702-1588
Owner Type	Company
Vesting	Limited Liability Partnership

Deeds, Mortgages & Sale History

Date	Document
Apr 25, 2021	Deed of Trust, Mortgage US BANK NA
Feb 23, 2026	Deed of Trust, Mortgage · Line of Credit PRAIRIE STATE BANK & TRUST
Mar 20, 2025	Quit Claim Deed, Transfer Quitclaim
Mar 20, 2025	Warranty Deed, Transfer
Mar 20, 2025	Intrafamily Transfer, Transfer
Jul 6, 2011	Warranty Deed, Transfer

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Mar 20, 2025 · Amount on Record
Deed Sale	Mar 20, 2025 · Amount on Record
Deed Document Number	20253587
Prior Transfer Date	Mar 14, 2025
Prior Transfer Doc	0000003588
Record Updated	Sep 20, 2026

April 2021: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MCLEAN IL
Property Address	1802 RAINBOW AVE, BLOOMINGTON, IL 61704-2276
Transaction Type	Mortgage
Record Updated	Apr 13, 2026

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	202100009597
Date	Apr 25, 2021
Instrument	2021-00009597

Lender

Name	US BANK NA
Type	Bank
Address	OSHKOSH, WI 54903

Agreement

Amount	Amount Recorded

February 2026: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MCLEAN IL
Property Address	1802 RAINBOW AVE, BLOOMINGTON, IL 61704-2276
Transaction Type	Mortgage
Record Updated	Apr 13, 2026

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	202600002662
Date	Feb 23, 2026
Instrument	2026-00002662

Lender

Name	PRAIRIE STATE BANK & TRUST
Type	Bank
Address	BLOOMINGTON, IL 61704

Agreement

Type	Line of Credit
Amount	Amount Recorded
Term	60 Months
Due	Feb 16, 2031

March 2025: Quit Claim Deed, Transfer

Document Type	Quit Claim Deed
Jurisdiction	MCLEAN IL
Recording Date	Mar 20, 2025
Property Address	1802 RAINBOW AVE, BLOOMINGTON, IL 61704-2276
Document Number	202500003588
Map Reference	DOC 91-16673
Instrument Date	Mar 14, 2025
Instrument	2025-00003588
Transaction Type	Transfer
Record Updated	Apr 13, 2026

Transaction

Tax	$0.00
Amount Accuracy	Transfer Tax Exempt
Additional	Quitclaim Intrafamily Transfer

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	PO BOX 1588, BLOOMINGTON, IL 61702-1588

March 2025: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	MCLEAN IL
Recording Date	Mar 20, 2025
Property Address	1802 RAINBOW AVE, BLOOMINGTON, IL 61704-2276
Document Number	202500003587
Map Reference	DOC 91-16673
Instrument Date	Mar 11, 2025
Instrument	2025-00003587
Transaction Type	Transfer
Record Updated	Apr 13, 2026

Transaction

Amount	Amount Recorded
Tax	$364.00
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	PO BOX 1588, BLOOMINGTON, IL 61702-1588

March 2025: Intrafamily Transfer, Transfer

Document Type	Intrafamily Transfer
Jurisdiction	MCLEAN IL
Recording Date	Mar 20, 2025
Property Address	1802 RAINBOW AVE, BLOOMINGTON, IL 61704-2276
Document Number	202500003586
Map Reference	DOC 91-16673
Instrument Date	Dec 31, 2024
Instrument	2025-00003586
Transaction Type	Transfer
Record Updated	Apr 13, 2026

Transaction

Tax	$0.00
Amount Accuracy	Transfer Tax Exempt
Additional	Intrafamily Transfer

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	PO BOX 1588, BLOOMINGTON, IL 61702-1588
Mail Care Of	CLASS ACT REALTY

July 2011: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	MCLEAN IL
Recording Date	Jul 6, 2011
Property Address	1802 RAINBOW AVE, BLOOMINGTON, IL 61704-2276
Document Number	201100014734
Map Reference	DOC91-16673
Instrument Date	Jun 28, 2011
Instrument	2011-00014734
Transaction Type	Transfer
Record Updated	Apr 13, 2026

Transaction

Tax	$0.00
Amount Accuracy	No Consideration Stated
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	PO BOX 964, BLOOMINGTON, IL 61702-0964

Tax Assessment & Valuation

Source: McLean County assessment roll, as of April 8, 2026

Property Jurisdictions

Type	Name
State	Illinois
Municipality	Bloomington City
County	McLean County
County Subdivision	Bloomington City Township
Unified School District	Bloomington School District 87 (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025		$236,590 (+8.85%) Land $34,978 Building $201,612	$709,770 (+8.85%) Land $104,934 Building $604,836
2024	$18,212.00 (+0.25%)
2023	$18,167.00 (+26.15%)	$217,363 (+28.27%) Land $32,136 Building $185,227	$652,090 (+28.28%) Land $96,408 Building $555,682
2022	$14,401.00	$169,451 Land $25,053 Building $144,398	$508,353 Land $75,159 Building $433,194

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 June 27, 2019 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Nearby Flood Policies	1 in force

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; 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 99.1% of the US · lower than 94% 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	BLOOMINGTON serves 79,000 people · EPA ID IL1130200
Water Source	Surface water
Last State Inspection	Aug 2023
Lead	3 ppb (2026) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	2 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.

Internet Providers

Source: FCC Broadband Data Collection, based on 150 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Metronet Fiber	5,120 / 5,120
Xfinity Cable	2,000 / 250
Verizon Fixed Wireless	300 / 20
T-Mobile Fixed Wireless	100 / 20
AT&T Fixed Wireless	100 / 20

May also be available: Pavlov Media, Watch TV.

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