508 E Morgan St, Mc Lean, IL 61754 Property Records

McLean County property record for 508 E Morgan St, Mc Lean, IL 61754 · Last verified April 2026

Property Highlights

Property Type	Commercial > Retail
Lot Size	18,739 sqft (0.43 acres)
Last Sale	$200,000 (2017)
Tax Bill	$7,599.00 (2024)

Property Details

APN / Parcel Number

Primary APN	`26-36-312-007`

Exterior

Lot Area	18,739 sqft (0.43 acres)

Location & Zoning

Street Address	508 E MORGAN ST
City	MC LEAN
State	IL
Zip	61754-9360
Property Usage	Commercial Property Usage
Type	Commercial > Retail
Legal Description	DILLON & FISHERS ADD TO MCLEAN LOT 5 & 8 BLK 9
Legal Range	01W
Legal Township	22N
Legal Section	36
Legal Subdivision	DILLON & FISHERS ADD
Legal Block	9
Legal Lot Number	5,8
Jurisdiction	MCLEAN IL
Minor Civil Division	MOUNT HOPE
Census Blockgroup	3
Census Block	3165
Census Tract	6000

Owner

Source: McLean County records · APN 26-36-312-007

Assessment roll updated April 8, 2026 · Last verified April 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 75, MC LEAN, IL 61754-0075
Owner Type	Owner is a Company

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	Verified Name on Deed
Known Transactions	Last Sale Amount on May 11, 2017 Deed Sale Price on May 11, 2017 Prior Sale Amount on Sep 29, 2006
Deed Doc Number	20178034
Record Refreshed	Jun 08, 2026

May 2017: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	MCLEAN IL
Recording Date	May 11, 2017
Property Address	508 E MORGAN ST, MC LEAN, IL 61754-9360
Document Number	201700008034
Instrument Date	May 04, 2017
Instrument	2017-00008034
Transaction Type	Transfer
Record Updated	Sep 25, 2023

Transaction

Amount	Amount Recorded
Loan-to-Value (LTV)	LTV on Record
Tax	$300.00
Amount Accuracy	Rounded Values by County
Additional	Arms Length Transaction

Transferred From (Grantor/Seller)

Name	Verified Name
Address	512 E MORGAN ST, MC LEAN, IL 61754-9360

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	605 ILLINOIS VALLEY DR, MC LEAN, IL 61754-7653

Mortgage

Document Number	201700008035
Date	May 11, 2017
Instrument	2017-00008035

Lender

Name	MARINE BANK SPRINGFIELD
Type	Bank

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded
Term	60 Months
Due	May 04, 2022

Tax Assessment & Valuation

Source: McLean County records · Assessment roll updated April 8, 2026 · Last verified April 2026

Property Jurisdictions

Type	Name
State	Illinois
County	McLean County
County Subdivision	Mount Hope Township
Municipality	McLean Village
Unified School District	Olympia Community Unit School District 16 (PK - 12)

Tax Bill & Assessment History

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.

Year	Tax Bill	Assessed Value	Assessed Market Value
2025		$90,699 (+20.77%) Land $9,663 Building $81,036	$272,097 (+20.77%) Land $28,989 Building $243,108
2024	$7,599.00 (+3.77%)
2023	$7,323.00 (+9.64%)	$75,101 (+10.74%) Land $8,001 Building $67,100	$225,303 (+10.74%) Land $24,003 Building $201,300
2022	$6,679.00	$67,817 Land $7,225 Building $60,592	$203,451 Land $21,675 Building $181,776