501 N Prospect Rd, Bloomington, IL 61704 Property Records

McLean County property record for 501 N Prospect Rd, Bloomington, IL 61704

Property Summary

Property Type	Commercial
Details	5,678 sqft · built 1985
Lot Size	0.601 acres (26,178 sqft)
Owner	Company Name on File
Last Sale	$575,000 (Jul 2026)
Tax Bill	$20,269 (2024)
Deeds & Mortgages	Jul 2026 Sale & Mortgage
Flood Zone	Zone X (minimal risk)
APN	`21-02-202-004`

Property Details

APN / Parcel Number

Primary APN	`21-02-202-004`

Interior

Plumbing Fixtures	4 Plumbing Fixtures
Units	2 Units
Stories	1 Story
Building Area	5,678 sqft Gross Area
1st Floor Area	2,839 sqft
Basement Area	2,839 sqft
Flooring	Tile
Interior Walls	Plaster

Exterior

Year Built	Built 1985
Effective Year Built	Effective 1985
Exterior Material	Brick Veneer
Construction Type	Steel Frame
Foundation Type	Slab (Mat/Raft)
Roof Material	Metal
Lot Area	26,178 sqft (0.601 acres)
Lot Dimensions	175 ft deep x 150 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	501 N PROSPECT RD
City	BLOOMINGTON
State	IL
Zip	61704-3563
Property Category	Commercial
Property Type	Commercial > Retail
Legal Description	BELTLINE SUB 6TH ADD LOT 10
Legal Range	02E
Legal Township	23N
Legal Section	02
Legal Subdivision	BELTLINE SUB
Legal Lot Number	10
Jurisdiction	MCLEAN IL
Township / Civil Division	BLOOMINGTON CITY
Census Block Group	1
Census Block	1005
Census Tract	1103

Owner

501 N Prospect Rd, a commercial property, is owned by a company that bought it in July 2026.

Source: McLean County records, as of August 7, 2026

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

Owner of Record	Company Name on File
Mailing Address	1165 DUCK HORN DR, NORMAL, IL 61761-8208
Owner Type	Company
Vesting	Limited Liability Partnership

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Jul 30, 2026 · Amount on File
Deed Sale	Jul 30, 2026 · Amount on File
Prior Sale	Jul 22, 2025 · Amount on File
Deed Document Number	202611080
Record Updated	Oct 29, 2026

July 2026: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	MCLEAN IL
Recording Date	Jul 30, 2026
Property Address	501 N PROSPECT RD, BLOOMINGTON, IL 61704-3563
Document Number	0000011080
Instrument Date	Jul 9, 2026
Instrument	202611080
Transaction Type	Transfer
Record Updated	Aug 27, 2026
Title Company	MCLEAN COUNTY TITLE

Transaction

Amount	Amount on Record
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$87,112.50
Amount Accuracy	Full Amount Stated
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Limited Liability Partnership
Address	1165 DUCK HORN DR, NORMAL, IL 61761-8208

Mortgage

Document Number	0000011081,
Date	Jul 30, 2026
Instrument	202611081

Lender

Name	FIRST SECURITY BANK

Agreement

Type	Conventional Mortgage
Amount	Amount on Record
Term	240 Months
Due	Jul 9, 2046

Interest

Rate Type	Adjustable Rate
Rate	6.95%
Initial Type	Adjustable Rate
Adjustable	Adjustable Rate Rider
Max Rate	-1%

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		$272,267 Land $150,102 Building $122,165	$816,801 Land $450,306 Building $366,495
2024	$20,269.00 (-9.05%)
2023	$22,287.00 (-0.51%)	$266,667 (+1.17%) Land $131,400 Building $135,267	$800,001 (+1.17%) Land $394,200 Building $405,801
2022	$22,401.00	$263,583 Land $118,560 Building $145,023	$790,749 Land $355,680 Building $435,069

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 501 N Prospect Rd in Zone X, an area of minimal flood risk.

Source: FEMA National Flood Hazard Layer, effective June 27, 2019

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it

Values are read at the parcel center point; lenders make the official flood determination.

Wildfire

The area around 501 N Prospect Rd 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	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 110 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Pavlov Media Fiber	8,000 / 8,000
Metronet Fiber	5,120 / 5,120
Xfinity Cable	2,000 / 250
Verizon Fixed Wireless	300 / 20
AT&T Fixed Wireless	100 / 20
Watch TV Fixed Wireless	100 / 20

May also be available: Nextlink.

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