502 W 2nd St, Bloomington, IN 47403 Property Records

Monroe County property record for 502 W 2nd St, Bloomington, IN 47403

Property Summary

Property Type	Retail Stores (Personal Services, Photography, Travel)
Details	7,090 sqft · built 2008
Lot Size	0.47 acres (20,473 sqft)
Owner	Company Name on File
Last Sale	$1,190,000 (Oct 2022)
Tax Bill	$30,405 (2025)
Deeds & Mortgages	Oct 2022 Second Mortgage Jan 2020 Line of Credit
Flood Zone	Zone X (minimal risk)
APN	`015-22470-00`

Property Details

APN / Parcel Number

Primary APN	`015-22470-00`
Alternative APN	`53-08-05-100-055.000-009`

Interior

Plumbing Fixtures	15 Plumbing Fixtures
Stories	2 Stories
Building Area	7,090 sqft Total Area
1st Floor Area	3,248 sqft
Fire Sprinklers	Fire Sprinklers

Exterior

Year Built	Built 2008
Effective Year Built	Effective 2008
Fire Resistance	Masonry Walls, Wood Interior
Lot Area	20,473 sqft (0.47 acres)

Utilities, Heating & Cooling

Heating Fuel	Gas
Sewer	Connected

Location & Zoning

Account Number	015-22470-00
Street Address	502 W 2ND ST
City	BLOOMINGTON
State	IN
Zip	47403-2316
Property Category	Commercial
Property Type	Commercial > Retail > Retail Stores (Personal Services, Photography, Travel)
Legal Description	015-22470-00 SEM PT LOT 36 .47A PLAT 36F
Legal Subdivision	CITY OF BLOOMINGTON
Legal Lot Number	36
Jurisdiction	MONROE IN
Township / Civil Division	PERRY
Census Block Group	1
Census Block	1027
Census Tract	401

Owner

502 W 2nd St, a commercial property, is owned by a company that bought it in October 2022.

Source: Monroe County records, as of June 22, 2026

Owner of Record	Company Name on File
Mailing Address	502 W 2ND ST, BLOOMINGTON, IN 47403-2316
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
Oct 17, 2022	Limited Warranty Deed, Transfer · Stand-Alone Second Mortgage RAY INTERNATIONAL LLC
Jan 16, 2020	Deed of Trust, Mortgage · Line of Credit THE GERMAN AMERICAN BANK

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Oct 17, 2022 · Amount on File
Deed Sale	Oct 17, 2022 · Amount on File
Prior Sale	Apr 2, 2007 · Amount on File
Deed Document Number	202247653
Record Updated	Sep 20, 2026

October 2022: Limited Warranty Deed, Transfer

Document Type	Limited Warranty Deed
Jurisdiction	MONROE IN
Recording Date	Oct 17, 2022
Property Address	502 W 2ND ST, BLOOMINGTON, IN 47403-2316
Document Number	2022015245
Instrument Date	Oct 13, 2022
Instrument	2022015245
Transaction Type	Transfer
Record Updated	Nov 11, 2022

Transaction

Tax	$0.00
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	502 W 2ND ST, BLOOMINGTON, IN 47403-2316

Mortgage

Document Number	2022015248
Date	Oct 17, 2022
Instrument	2022015248

Lender

Name	RAY INTERNATIONAL LLC
Type	Non-Lending Institution

Agreement

Type	Stand-Alone Second Mortgage
Amount	Amount on Record
Term	60 Months
Due	Oct 17, 2027

Mortgage

Document Number	2022015246
Date	Oct 17, 2022
Instrument	2022015246

Lender

Name	THE PEOPLES STATE BANK
Type	Bank
Address	ELLETTSVILLE, IN 47429

Agreement

Type	Line of Credit
Amount	Amount on Record
Term	300 Months
Due	Oct 14, 2047

Interest

Rate Type	Adjustable Rate
Change Frequency	Monthly

January 2020: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MONROE IN
Property Address	502 W 2ND ST, BLOOMINGTON, IN 47403-2316
Transaction Type	Mortgage
Record Updated	Feb 5, 2021

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	2020000776
Date	Jan 16, 2020
Instrument	2020000776

Lender

Name	THE GERMAN AMERICAN BANK
Type	Bank
Address	BLOOMINGTON, IN 47404

Agreement

Type	Line of Credit
Amount	Amount on Record
Term	119 Months
Due	Nov 30, 2029

Interest

Rate Type	Adjustable Rate

Tax Assessment & Valuation

The 2025 property tax bill for 502 W 2nd St was $30,405, up 18.4% from the year before.

Source: Monroe County assessment roll, as of June 22, 2026

Property Jurisdictions

Type	Name
State	Indiana
Municipality	Bloomington City
County	Monroe County
County Subdivision	Perry Township
Unified School District	Monroe County Community School Corporation (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$30,405.00 (+18.37%)	$1,445,700 Land $204,700 Building $1,241,000	$1,445,700 Land $204,700 Building $1,241,000
2024	$25,686.00
2023		$1,188,900 (-25.78%) Land $222,600 Building $966,300	$1,188,900 (-25.78%) Land $222,600 Building $966,300
2022	$32,433.00	$1,601,900 Land $222,600 Building $1,379,300	$1,601,900 Land $222,600 Building $1,379,300

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

FEMA maps place 502 W 2nd St in Zone X, an area of minimal flood risk.

Source: FEMA National Flood Hazard Layer, effective September 17, 2024

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

Wildfire risk around 502 W 2nd St is low, with less than a 0.01% annual chance of wildfire.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 98% of the US · lower than 85% of Indiana
Wildfire Likelihood	Under 0.01% annual chance
Exposure	None beyond 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	CITY OF BLOOMINGTON UTILITIES serves 83,000 people · EPA ID IN5253002
Water Source	Surface water
Last State Inspection	Oct 2023
Lead	5 ppb (2023–2025) action level 15 ppb

Violations Reported to EPA

Water Quality	Turbidity resolved · Aug 2024
Treatment and Procedure	Corrosion control Jan 2018
Monitoring and Reporting	None 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 573 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
GigabitNow Fiber	10,000 / 10,000
AT&T Fiber · DSL · Fixed Wireless in parts of the area	5,000 / 5,000
Xfinity Cable	2,000 / 250
Verizon Fixed Wireless	300 / 20
T-Mobile Fixed Wireless	100 / 20

May also be available: Smithville Communications.

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