2002 Rainbow Ave, #2004, Bloomington, IL 61704 Property Records

McLean County property record for 2002 Rainbow Ave, #2004, Bloomington, IL 61704

Property Summary

Property TypeCommercial
Details10,125 sqft · built 1980
Lot Size0.826 acres (36,000 sqft)
OwnerCompany Name on Record
Last Sale$1,505,000 (Jan 2026)
Tax Bill$27,694 (2024)
Deeds & MortgagesJan 2026 Sale & Mortgage
Flood ZoneZone X (minimal risk)
APN14-35-227-006

Property Details

APN / Parcel Number

Primary APN14-35-227-006
Alternative APN
  • 14-35-227-038

Interior

Plumbing Fixtures36 Plumbing Fixtures
Units12 Units
Stories2 Stories
Building Area10,125 sqft Total Area
Basement Area3,410 sqft
Finished Basement3,410 sqft
FlooringCarpet
Interior WallsWallboard/Drywall

Exterior

Year BuiltBuilt 1980
Exterior MaterialAluminum/Vinyl
Construction TypeFrame
Foundation TypeConcrete
Roof MaterialAsphalt
Lot Area36,000 sqft (0.826 acres)
Lot Dimensions150 ft deep x 240 ft wide
Garage TypeBasement

Utilities, Heating & Cooling

Cooling SystemA/C Chilled Water
Heating SystemHot Water

Location & Zoning

Street Address2002 RAINBOW AVE # 2004, 2004
CityBLOOMINGTON
StateIL
Zip61704-2369
Property CategoryCommercial
Property TypeCommercial > Retail
Legal DescriptionLAKEWOOD ESTATES 2ND ADDN LOTS 314 & 315
Legal SubdivisionLAKEWOOD ESTATES 2ND ADD
Legal Lot Number314,315
JurisdictionMCLEAN IL
Township / Civil DivisionBLOOMINGTON CITY
Census Block Group1
Census Block1003
Census Tract1106

Owner

Source: McLean County records, as of January 29, 2026

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

Owner of RecordCompany Name on Record
Mailing Address425 HUEHL RD BLDG 3, 3, NORTHBROOK, IL 60062-2323
Owner TypeCompany

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed NamesName on Deed
Last SaleJan 21, 2026 · Amount on Record
Deed SaleJan 21, 2026 · Amount on Record
Deed Document Number2026-00001099
Record UpdatedJun 8, 2026

January 2026: Warranty Deed, Transfer

Document TypeWarranty Deed
JurisdictionMCLEAN IL
Recording DateJan 21, 2026
Property Address2002 RAINBOW AVE # 2004, 2004, BLOOMINGTON, IL 61704-2369
Document Number202600001099
Map ReferenceDOC 1978-10291
Instrument DateDec 19, 2025
Instrument2026-00001099
Transaction TypeTransfer
Record UpdatedApr 13, 2026
Title CompanyMCLEAN COUNTY TITLE

Transaction

AmountAmount Recorded
DownpaymentDownpayment on Record
Loan-to-Value (LTV)LTV on Record
Tax$1,505.00
Amount AccuracyRounded by County
Additional
  • Arm's Length

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name
Address425 HUEHL RD BLDG 3, 3, NORTHBROOK, IL 60062-2323

Mortgage

Document Number202600001100
DateJan 21, 2026
Instrument2026-00001100
Lender
NameBANK OF SPRINGFIELD
TypeBank
Agreement
TypeCommercial Mortgage
AmountAmount Recorded

Tax Assessment & Valuation

Source: McLean County assessment roll, as of February 1, 2025

Property Jurisdictions

TypeName
StateIllinois
MunicipalityBloomington City
CountyMcLean County
County SubdivisionBloomington City Township
Unified School DistrictBloomington School District 87 (PK - 12)

Tax Bill & Assessment History

YearTax BillAssessed ValueAssessed Market Value
2024$27,694.00 (+0.25%)$341,571 (+3.34%) Land $74,979 Building $266,592$1,024,714 (+3.34%) Land $224,937 Building $799,777
2023$27,625.00$330,532 Land $72,556 Building $257,976$991,597 Land $217,668 Building $773,929

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 ZoneZone X
minimal risk
Flood Insurance RequirementNot required
lenders may require it
Nearby Flood Policies1 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 RiskLow
lower than 99.1% of the US · lower than 94% of Illinois
Wildfire LikelihoodUnder 0.01% annual chance
ExposureNone
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 SystemBLOOMINGTON
serves 79,000 people · EPA ID IL1130200
Water SourceSurface water
Last State InspectionAug 2023
Lead3 ppb (2026)
action level 15 ppb

Violations Reported to EPA

Water QualityNone
last 10 years
Treatment and ProcedureNone
last 10 years
Monitoring and Reporting2
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

ProviderMax 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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