2040 W Iles Ave, Springfield, IL 62704 Property Records

Sangamon County property record for 2040 W Iles Ave, Springfield, IL 62704

Property Summary

Property Type	Commercial
Lot Size	0.94 acres (40,946 sqft)
Owner	Company Name on Record
Last Sale	$1,137,750 (Dec 2025)
Tax Bill	$31,748 (2025)
Deeds & Mortgages	Dec 2025 Sale & Mortgage
Flood Zone	Zone X (minimal risk)
APN	`22-07.0-227-027`

Property Details

APN / Parcel Number

Primary APN	`22-07.0-227-027`
Alternative APN	`22070227027 (CHECK DIGIT = 8)`

Interior

Units	3 Units

Exterior

Lot Area	40,946 sqft (0.94 acres)

Location & Zoning

Account Number	22070227027
Street Address	2040 W ILES AVE
City	SPRINGFIELD
State	IL
Zip	62704-4662
Property Category	Commercial
Property Type	Commercial > Retail
Legal Description	LOTS 70 & 71 MONTVALE 5TH ADDN
Legal Range	05
Legal Township	15
Legal Section	07
Legal Subdivision	MONTVALE 5TH ADD
Legal Lot Number	70-71
Jurisdiction	SANGAMON IL
Township / Civil Division	CAPITAL
Census Block Group	2
Census Block	2001
Census Tract	2002

Owner

Source: Sangamon County records, as of June 2, 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	5701 WABASH, SPRINGFIELD, IL 62711
Owner Type	Company
Vesting	Limited Liability Partnership

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Dec 30, 2025 · Amount on Record
Deed Sale	Dec 30, 2025 · Amount on Record
Deed Document Number	202523619
Record Updated	Sep 20, 2026

December 2025: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	SANGAMON IL
Recording Date	Dec 30, 2025
Property Address	2040 W ILES AVE, SPRINGFIELD, IL 62704-4662
Document Number	2025R23619
Map Reference	DOC 94-28591
Instrument Date	Dec 16, 2025
Instrument	2025R23619
Transaction Type	Transfer
Record Updated	Jan 22, 2026

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$1,707.00
Amount Accuracy	Calculated from Transfer Tax
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	3701 WABASH AVE, SPRINGFIELD, IL 62711-6261

Mortgage

Document Number	2025R23620
Date	Dec 30, 2025
Instrument	2025R23620

Lender

Name	UNITED COMMUNITY BANK
Type	Bank

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded

Tax Assessment & Valuation

Source: Sangamon County assessment roll, as of June 2, 2026

Property Jurisdictions

Type	Name
State	Illinois
County	Sangamon County
County Subdivision	Capital Township
Municipality	Springfield City
Unified School District	Springfield School District 186 (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$31,748.00 (+10.69%)	$392,127 (+14.83%) Land $119,965 Building $272,162	$1,176,381 (+14.83%) Land $359,895 Building $816,486
2024	$28,682.00 (-1.21%)	$341,481 (+5.4%) Land $111,886 Building $229,595	$1,024,443 (+5.4%) Land $335,658 Building $688,785
2022	$29,033.00	$323,999 Land $96,944 Building $227,055	$971,997 Land $290,832 Building $681,165

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 May 4, 2016 · 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	2 in force
Nearby Flood Claims	2 (2019–2026)
Most Recent Claim	Jun 2026 · other causes

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	Not rated no burnable land within 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	SPRINGFIELD serves 117,444 people · EPA ID IL1671200
Water Source	Surface water
Last State Inspection	Sep 2024
Lead	Under 1 ppb (2026–2028) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	3 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 451 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
i3 Broadband Fiber	8,000 / 8,000
AT&T Fiber · Fixed Wireless in parts of the area	5,000 / 5,000
Xfinity Cable	1,200 / 35
Rise Broadband Fixed Wireless	500 / 100
Verizon Fixed Wireless	300 / 20
T-Mobile Fixed Wireless	100 / 20