20490 E 550th St, Colona, IL 61241 Property Records

Henry County property record for 20490 E 550th St, Colona, IL 61241

Property Summary

Property Type	Commercial
Lot Size	10 acres (435,600 sqft)
Owner	Company Name on File
Last Sale	$750,000 (Mar 2022)
Tax Bill	$16,951 (2025)
Deeds & Mortgages	Mar 2022 Sale & Line of Credit Jul 2019 Sale + 1 more
Flood Zone	Zone X (minimal risk)
APN	`06-24-300-004`

Property Details

APN / Parcel Number

Primary APN	`06-24-300-004`

Exterior

Lot Area	435,600 sqft (10 acres)

Location & Zoning

Street Address	20490 E 550TH ST
City	COLONA
State	IL
Zip	61241-8628
Property Category	Commercial
Property Type	Commercial > Retail
Legal Description	10A NE SW E OF I 80 SEC 24 T17N R1E
Legal Range	01E
Legal Township	17N
Legal Section	24
Legal Block	300
Jurisdiction	HENRY IL
Township / Civil Division	COLONA
Census Block Group	1
Census Block	1065
Census Tract	30100

Owner

20490 E 550th St, a commercial property, is owned by a company that bought it in March 2022.

Source: Henry County records, as of June 19, 2026

Owner of Record	Company Name on File
Mailing Address	20490 E 550TH ST, COLONA, IL 61241-8628
Owner Type	Company
Vesting	Company

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

Date	Document
Mar 28, 2022	Warranty Deed, Transfer · Line of Credit BANKORION
Jul 31, 2019	Warranty Deed, Transfer ATTORNEY ONLY
Jul 31, 2019	Deed in Lieu of Foreclosure, Foreclosure ATTORNEY ONLY

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Mar 28, 2022 · Amount on File
Deed Sale	Mar 28, 2022 · Amount on File
Prior Sale	Jul 31, 2019 · Amount on File
Deed Document Number	20221788
Record Updated	Sep 20, 2026

March 2022: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	HENRY IL
Recording Date	Mar 28, 2022
Property Address	20490 E 550TH ST, COLONA, IL 61241-8628
Document Number	0000001788
Instrument Date	Mar 28, 2022
Instrument	20-2201788
Transaction Type	Transfer
Record Updated	Apr 7, 2022
Title Company	ATTORNEY ONLY, ATTORNEY

Transaction

Amount	Amount on Record
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$750.00
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	2049013 550TH ST, COLONA, IL 61241

Mortgage

Document Number	0000001789
Date	Mar 28, 2022
Instrument	20-2201789

Lender

Name	BANKORION
Type	Bank

Agreement

Type	Line of Credit
Amount	Amount on Record

July 2019: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	HENRY IL
Recording Date	Jul 31, 2019
Property Address	20490 E 550TH ST, COLONA, IL 61241-8628
Document Number	0000003826
Instrument Date	Jul 29, 2019
Instrument	3826
Transaction Type	Transfer
Record Updated	Sep 6, 2019
Title Company	ATTORNEY ONLY

Transaction

Amount	Amount on Record
Tax	$435.00
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Joint Tenants with Right of Survivorship
Address	6081-231 ST ST MAQUOKETA IA 52060, MAQUOKETA, IA 52060

July 2019: Deed in Lieu of Foreclosure, Foreclosure

Document Type	Deed in Lieu of Foreclosure
Jurisdiction	HENRY IL
Recording Date	Jul 31, 2019
Property Address	20490 E 550TH ST, COLONA, IL 61241-8628
Document Number	0000003825
Instrument Date	Jul 24, 2019
Instrument	3825
Transaction Type	Foreclosure
Record Updated	Sep 2, 2019
Title Company	ATTORNEY ONLY

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	104 E MAYNE ST BLUE GRASS IA 527269718, BLUE GRASS, IA 52726-9718

Tax Assessment & Valuation

The 2025 property tax bill for 20490 E 550th St was $16,951.

Source: Henry County assessment roll, as of June 19, 2026

Property Jurisdictions

Type	Name
State	Illinois
County	Henry County
County Subdivision	Colona Township
Unified School District	Geneseo Community Unit School District 228 (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$16,951.00	$249,613 Land $62,358 Building $187,255	$748,839 Land $187,074 Building $561,765
2022		$249,613 Land $62,358 Building $187,255	$748,839 Land $187,074 Building $561,765
2021	$16,846.00

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

FEMA maps place 20490 E 550th St in Zone X, an area of minimal flood risk.

Source: FEMA National Flood Hazard Layer, effective June 2, 2011 · 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

The area around 20490 E 550th St has no burnable land within ember reach, so its wildfire risk is not rated.

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.

Internet Providers

Source: FCC Broadband Data Collection, based on 3 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Geneseo Communications Services Fiber · Fixed Wireless	1,000 / 1,000

May also be available: Nextlink, T-Mobile, Verizon.

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