500 N 1st St, Springfield, IL 62702 Property Records

Sangamon County property record for 500 N 1st St, Springfield, IL 62702

Property Summary

Property Type	Commercial Vacant Land
Lot Size	1.91 acres (83,612 sqft)
Owner	Company Name on File
Last Sale	$1,750,000 (Oct 2021)
Tax Bill	$30,582 (2025)
Deeds & Mortgages	Jun 2007 Mortgage Jun 2007 Mortgage + 2 more
Flood Zone	Zone X (minimal risk)
APN	`14-27.0-305-011`

Property Details

APN / Parcel Number

Primary APN	`14-27.0-305-011`
Alternative APN	`14270305011 (CHECK DIGIT = 4)`

Exterior

Lot Area	83,612 sqft (1.91 acres)

Location & Zoning

Account Number	14270305011
Street Address	500 N 1ST ST
City	SPRINGFIELD
State	IL
Zip	62702-5116
Property Category	Commercial
Property Type	Vacant Land > Commercial
Legal Description	L1-5, L12-14 & N47' L15 & 16 BLK4 DARLING & TAYLORS ADDN L5-7 & L2 EX W26' & VAC ALLEY B15 MASONS ADDN
Legal Range	05
Legal Township	16
Legal Section	27
Legal Subdivision	DARLING & TAYLORS ADD
Jurisdiction	SANGAMON IL
Township / Civil Division	CAPITAL
Census Block Group	2
Census Block	2021
Census Tract	300

Owner

500 N 1st St, commercial vacant land, is owned by a company that bought it in October 2021.

Source: Sangamon County records, as of June 2, 2026

Owner of Record	Company Name on File
Mailing Address	701 N 1ST ST, SPRINGFIELD, IL 62781-0001
Owner Type	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
Jun 11, 2007	Deed of Trust, Mortgage · Commercial Mortgage AMA INVESTMENTS INC
Jun 11, 2007	Deed of Trust, Mortgage · Commercial Mortgage ASHOK K LAVANI
Oct 15, 2021	Warranty Deed, Transfer
Jun 12, 2007	Quit Claim Deed, Transfer Quitclaim

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Oct 15, 2021 · Amount on File
Deed Sale	Oct 15, 2021 · Amount on File
Prior Sale	Jun 12, 2007 · Amount on File
Deed Document Number	202128381
Record Updated	Sep 20, 2026

June 2007: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	SANGAMON IL
Property Address	500 N 1ST ST, SPRINGFIELD, IL 62702-5116
Transaction Type	Mortgage
Record Updated	Jun 2, 2026

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	2007R20478
Date	Jun 11, 2007
Instrument	2007R20478

Lender

Name	AMA INVESTMENTS INC
Type	Funding / Finance Company

Agreement

Type	Commercial Mortgage
Amount	Amount on Record

Interest

Rate Type	Fixed Rate

June 2007: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	SANGAMON IL
Property Address	500 N 1ST ST, SPRINGFIELD, IL 62702-5116
Transaction Type	Mortgage
Record Updated	Jun 2, 2026

Transferred To (Grantee/Buyer)

Name	Verified Name
Investor	Possibly a Property Investor

Mortgage

Document Number	2007R20477
Date	Jun 11, 2007
Instrument	2007R20477

Lender

Name	ASHOK K LAVANI
Type	Private Party
Address	9462 JAMES MADISON HWY, WARRENTON, VA 20186

Agreement

Type	Commercial Mortgage
Amount	Amount on Record
Term	300 Months
Due	Jun 10, 2032

Interest

Rate Type	Fixed Rate
Rate	10.2%

October 2021: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	SANGAMON IL
Recording Date	Oct 15, 2021
Property Address	500 N 1ST ST, SPRINGFIELD, IL 62702-5116
Document Number	2021R28381
Instrument Date	Oct 15, 2021
Instrument	2021R28381
Transaction Type	Transfer
Record Updated	Jun 2, 2026

Transaction

Tax	$0.00
Amount Accuracy	Transfer Tax Exempt
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	701 N 1ST ST, SPRINGFIELD, IL 62781-0001
Investor	Possibly a Property Investor

June 2007: Quit Claim Deed, Transfer

Document Type	Quit Claim Deed
Jurisdiction	SANGAMON IL
Recording Date	Jun 12, 2007
Property Address	500 N 1ST ST, SPRINGFIELD, IL 62702-5116
Document Number	2007R20666
Instrument Date	May 30, 2007
Instrument	2007R20666
Transaction Type	Transfer
Record Updated	Jun 2, 2026

Transaction

Amount	Amount on Record
Tax	$1,200.00
Amount Accuracy	Calculated from Transfer Tax
Additional	Quitclaim Intrafamily Transfer

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	6401 BALTIMORE NATIONAL PIKE, SPRINGFIELD, IL 62702

Tax Assessment & Valuation

The 2025 property tax bill for 500 N 1st St was $30,582.

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	$30,582.00	$377,730 Land $377,730
2024			$1,056,882 Land $1,056,882
2022	$27,352.00	$305,244 Land $305,244	$915,732 Land $915,732

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 500 N 1st St in Zone X, an area of minimal flood risk, though there have been 1 flood claim nearby since 1979.

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 Claims	1 (1979)
Most Recent Claim	Mar 1979 · tidal / storm surge

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 500 N 1st 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.

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 262 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Xfinity Cable	2,000 / 250
Rise Broadband Fixed Wireless	500 / 100
Verizon Fixed Wireless	300 / 20
AT&T Fixed Wireless · DSL · Fiber in parts of the area	100 / 20

May also be available: T-Mobile.

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