508 E Armory Ave, Champaign, IL 61820 Property Records

Champaign County property record for 508 E Armory Ave, Champaign, IL 61820 · Last verified May 2026

Property Summary

Property Type	Commercial
Lot Size	0.351 acres (15,279 sqft)
Owner	Company Name on File
Tax Bill	$47,555 (2024)
Deeds & Mortgages	Jun 2026 Mortgage May 2022 Mortgage + 1 more
Flood Zone	Zone X (minimal risk)
APN	`46-21-18-183-011`

Property Details

APN / Parcel Number

Primary APN	`46-21-18-183-011`

Exterior

Lot Area	15,279 sqft (0.351 acres)

Location & Zoning

Street Address	508 E ARMORY AVE
City	CHAMPAIGN
State	IL
Zip	61820-6221
Property Category	Commercial
Property Type	Commercial > Retail
Legal Description	LOTS 11, 12 ORCHARD PLACE
Legal Range	09E
Legal Township	19N
Legal Section	18
Legal Subdivision	ORCHARD PLACE
Legal Lot Number	11,12
Jurisdiction	CHAMPAIGN IL
Township / Civil Division	CHAMPAIGN CITY
Census Block Group	1
Census Block	1007
Census Tract	401

Owner

Source: Champaign County records · APN 46-21-18-183-011

Assessment roll updated April 29, 2026 · Last verified May 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on File
Mailing Address	PO BOX 2273, CHAMPAIGN, IL 61825-2273
Owner Type	Company

Deeds, Mortgages & Sale History

Date	Document
Jun 15, 2026	Deed of Trust, Mortgage · Conventional Mortgage PROSPECT BANK
May 11, 2022	Deed of Trust, Mortgage · Commercial Mortgage PROSPECT BANK
Feb 19, 2020	Deed of Trust, Mortgage · Line of Credit PROSPECT BANK

Assessor's Deed Record

Deed Names	Verified Name on Deed
Record Updated	Sep 20, 2026

June 2026: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	CHAMPAIGN IL
Recording Date	Jun 15, 2026
Property Address	508 E ARMORY AVE, CHAMPAIGN, IL 61820-6221
Document Number	0000008980
Instrument Date	May 11, 2026
Instrument	20268980
Transaction Type	Mortgage
Record Updated	Jul 12, 2026
Title Company	NONE LISTED ON DOCUMENT

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company, 103

Mortgage

Document Number	0000008980,
Date	Jun 15, 2026
Instrument	20268980

Lender

Name	PROSPECT BANK

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	65 Months
Due	Nov 11, 2031

Interest

Rate	6.25%
Max Rate	-1%

May 2022: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	CHAMPAIGN IL
Property Address	508 E ARMORY AVE, CHAMPAIGN, IL 61820-6221
Transaction Type	Mortgage
Record Updated	May 20, 2022
Title Company	ALLIED CAPITAL TITLE

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0000008403
Date	May 11, 2022
Instrument	2022R08403

Lender

Name	PROSPECT BANK
Type	Bank
Address	CHAMPAIGN, IL 61820

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded
Term	179 Months
Due	Apr 10, 2037

Interest

Rate Type	Adjustable Rate
Rate	4.75%
Min Rate At Change	4.75%

February 2020: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	CHAMPAIGN IL
Property Address	508 E ARMORY AVE, CHAMPAIGN, IL 61820-6221
Transaction Type	Mortgage
Record Updated	Feb 05, 2021
Title Company	ALLIED CAPITAL TITLE

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0000002579
Date	Feb 19, 2020
Instrument	2020R02579

Lender

Name	PROSPECT BANK
Type	Bank
Address	CHAMPAIGN, IL 61820

Agreement

Type	Line of Credit
Amount	Amount Recorded
Term	240 Months
Due	Feb 10, 2040

Interest

Rate Type	Adjustable Rate
Rate	4.5%

Tax Assessment & Valuation

Source: Champaign County records · Assessment roll updated April 29, 2026 · Last verified May 2026

Property Jurisdictions

Type	Name
State	Illinois
County	Champaign County
County Subdivision	Champaign City Township
Municipality	Champaign City
Unified School District	Champaign Community Unit School District 4 (PK - 12)

Tax Bill & Assessment History

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

Year	Tax Bill	Assessed Value	Assessed Market Value
2025		$611,860 (+33.54%) Land $327,960 Building $283,900	$1,835,580 (+33.54%) Land $983,880 Building $851,700
2024	$47,555.00 (+12.87%)
2022	$42,132.00	$458,170 Land $245,580 Building $212,590	$1,374,510 Land $736,740 Building $637,770

Flood & Wildfire

Source: FEMA National Flood Hazard Layer, Champaign County (17019C), updated July 14, 2021 · USDA Forest Service Wildfire Risk to Communities, 2nd edition (2024), fuels as of 2020 · Last verified October 2026

Flood

FEMA Flood Zone	Zone X
Special Flood Hazard Area	No
Flood Hazard	Minimal
500-Year Floodplain	No

Wildfire

Wildfire Risk	Not rated no burnable land in reach
Wildfire Likelihood	Negligible
Exposure	None beyond ember reach

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

Internet Providers

Source: FCC Broadband Data Collection, availability as of December 31, 2025 · Published October 2026 · based on 2 locations within about half a mile of this property, a small sample

Provider	Technology	Download / Upload (Mbps)
Xfinity	Cable	1,200 / 35
AMG Technology Investment Group	Fixed Wireless (licensed-by-rule)	500 / 100
T-Mobile USA	Fixed Wireless	100 / 20

Availability varies by address; speeds are provider-advertised maximums, not measured.

Mobile Coverage

5G and 4G LTE

Nearby Properties on E Armory Ave

Nearby Streets

Search Property Records by Address or Parcel Number

Search by:

By searching, you agree to: Terms • Privacy • Disclosures