502 S Gridley St, Bloomington, IL 61701 Property Records

McLean County property record for 502 S Gridley St, Bloomington, IL 61701

Property Summary

Property Type	Single Family Home
Details	4 bd · 1 ba · 1,582 sqft · built 1920
Lot Size	0.081 acres (3,533 sqft)
Owner	Company Name on File
Last Sale	$133,000 (Feb 2025)
Tax Bill	$2,708 (2024)
Deeds & Mortgages	May 2024 Sale & Mortgage Jan 2020 Mortgage
Flood Zone	Zone X (minimal risk)
APN	`21-04-460-001`

Property Details

APN / Parcel Number

Primary APN	`21-04-460-001`

Interior

Bedrooms	4 Beds
Full Baths	1 Bath
Total Rooms	6 Rooms
Stories	1 Story
Building Area	1,582 sqft Living Area
Gross Area	1,946 sqft
1st Floor Area	1,264 sqft
Basement Area	364 sqft
Flooring	Carpet
Interior Walls	Wallboard/Drywall

Exterior

Year Built	Built 1920
Effective Year Built	Effective 1920
Exterior Material	Aluminum/Vinyl
Foundation Type	Block
Roof Material	Asphalt
Lot Area	3,533 sqft (0.081 acres)
Lot Dimensions	85 ft deep x 41 ft wide
View / Lot	Lake Front
Porch	Open Frame Porch

Utilities, Heating & Cooling

Heating System	Forced Air with A/C
Heating Fuel	Gas

Location & Zoning

Street Address	502 S GRIDLEY ST
City	BLOOMINGTON
State	IL
Zip	61701-5225
Property Category	Residential
Property Type	Residential > Single Family > Home
Local Zoning Code	R3B
Legal Description	JOHN NICCOLLS & COS ADD N41 LOT 6 & N41 W25 LOT 5 BLK 6
Legal Range	02E
Legal Township	23N
Legal Section	04
Legal Subdivision	JOHN NICCOLLS & COS ADD
Legal Block	6
Legal Lot Number	6,5
Jurisdiction	MCLEAN IL
Township / Civil Division	BLOOMINGTON CITY
Census Block Group	2
Census Block	2044
Census Tract	1600

Owner

502 S Gridley St is owned by a company that bought it in February 2025.

Source: McLean County records, as of October 22, 2026

Owner of Record	Company Name on File
Mailing Address	1105 E JEFFERSON ST, 2, BLOOMINGTON, IL 61701-8517
Owner Type	Company
Vesting	Limited Liability Partnership

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
May 6, 2024	Warranty Deed, Transfer · VA Mortgage MORTGAGE RESEARCH CENTER LLC
Jan 11, 2020	Deed of Trust, Mortgage · Commercial Mortgage FIRST FARMERS STATE BANK

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Feb 5, 2025 · Amount on File
Deed Sale	Feb 5, 2025 · Amount on File
Prior Sale	Dec 4, 2024 · Amount on File
Deed Document Number	20251590
Record Updated	Oct 29, 2026

May 2024: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	MCLEAN IL
Recording Date	May 6, 2024
Property Address	502 S GRIDLEY ST, BLOOMINGTON, IL 61701-5225
Document Number	202400005492
Instrument Date	Apr 30, 2024
Instrument	2024-00005492
Transaction Type	Transfer
Record Updated	May 15, 2024
Title Company	ATTORNEY ONLY, ATTORNEY

Transaction

Amount	Amount on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$140.00
Amount Accuracy	Rounded by County
Additional	Arm's Length Multiple Parcels

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	502 S GRIDLEY ST, BLOOMINGTON, IL 61701-5225

Mortgage

Document Number	202400005493
Date	May 6, 2024
Instrument	2024-00005493

Lender

Name	MORTGAGE RESEARCH CENTER LLC
Type	Mortgage Company

Agreement

Type	VA Mortgage
Amount	Amount on Record
Term	360 Months
Due	May 1, 2054

Interest

Rate Type	Fixed Rate
Rate	6.62%

January 2020: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MCLEAN IL
Property Address	502 S GRIDLEY ST, BLOOMINGTON, IL 61701-5225
Transaction Type	Mortgage
Record Updated	Sep 25, 2023

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	202000000682
Date	Jan 11, 2020
Instrument	2020-00000682

Lender

Name	FIRST FARMERS STATE BANK
Type	Bank
Address	BLOOMINGTON, IL 61704

Agreement

Type	Commercial Mortgage
Amount	Amount on Record
Term	240 Months
Due	Jan 3, 2040

Interest

Rate Type	Adjustable Rate

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		$35,930 Land $6,879 Building $29,051	$107,790 Land $20,637 Building $87,153
2024	$2,708.00 (+10.31%)
2023	$2,455.00 (+5.46%)	$29,383 (+7.26%) Land $5,625 Building $23,758	$88,149 (+7.26%) Land $16,875 Building $71,274
2022	$2,328.00	$27,394 Land $5,244 Building $22,150	$82,182 Land $15,732 Building $66,450

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 502 S Gridley St in Zone X, an area of minimal flood risk, though there have been 1 flood claim nearby since 1981.

Source: FEMA National Flood Hazard Layer, effective June 27, 2019 · 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 (1981)
Most Recent Claim	Aug 1981 · rainfall accumulation

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 502 S Gridley 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	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 591 locations within half a mile, as of December 31, 2025

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

May also be available: Frontier, Pavlov Media, T-Mobile, Watch TV.

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