508 Iaa Dr, Bloomington, IL 61701 Property Records

McLean County property record for 508 Iaa Dr, Bloomington, IL 61701

Property Summary

Property Type	Commercial
Details	7,394 sqft · built 1980
Lot Size	0.46 acres (20,037 sqft)
Owner	2 Company Names on Record
Last Sale	$2,072,000 (Apr 2021)
Tax Bill	$18,556 (2024)
Deeds & Mortgages	Jul 2018 Mortgage Apr 2021 Sale & Mortgage + 1 more
Flood Zone	Zone X (minimal risk)
APN	`14-35-378-006`

Property Details

APN / Parcel Number

Primary APN	`14-35-378-006`

Interior

Plumbing Fixtures	4 Plumbing Fixtures
Units	2 Units
Stories	1 Story
Building Area	7,394 sqft Gross Area
1st Floor Area	3,697 sqft
Basement Area	3,697 sqft
Flooring	Tile
Interior Walls	Wallboard/Drywall

Exterior

Year Built	Built 1980
Effective Year Built	Effective 1980
Exterior Material	Stucco
Construction Type	Wood
Foundation Type	Slab (Mat/Raft)
Roof Material	Built-Up Asphalt
Lot Area	20,037 sqft (0.46 acres)
Lot Dimensions	200 ft deep x 100 ft wide
View / Lot	Lake Front
Garage Type	Basement

Utilities, Heating & Cooling

Cooling System	Evaporative
Heating System	Forced Air with A/C
Heating Fuel	Gas

Location & Zoning

Street Address	508 IAA DR
City	BLOOMINGTON
State	IL
Zip	61701-2216
Property Category	Commercial
Property Type	Commercial > Retail
Legal Description	PT E1/2 SW COMM W 1N 1AA DR 150 E & 50 S SE COR MORAN SUB 35-24-2E
Legal Range	02E
Legal Township	24N
Legal Section	35
Legal Subdivision	MORAN SUB
Jurisdiction	MCLEAN IL
Township / Civil Division	BLOOMINGTON CITY
Census Block Group	1
Census Block	1011
Census Tract	1200

Owner

Source: McLean County records, as of April 8, 2026

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

Owner of Record	2 Company Names on Record
Mailing Address	161 N CLARK ST, 4200, CHICAGO, IL 60601-3316
Owner Type	Company
Vesting	Partnership

Deeds, Mortgages & Sale History

Date	Document
Jul 25, 2018	Deed of Trust, Mortgage · Commercial Mortgage GREAT WESTERN BANK
Apr 26, 2021	Special Warranty Deed, Transfer · Commercial Mortgage ASSOCIATED BANK NA
Oct 2, 2017	Warranty Deed, Transfer MCLEAN COUNTY TITLE

Assessor's Deed Record

Deed Names	2 Names on Deed
Last Sale	Apr 26, 2021 · Amount on Record
Deed Sale	Apr 26, 2021 · Amount on Record
Prior Sale	Oct 2, 2017 · Amount on Record
Deed Document Number	20219707
Record Updated	Oct 29, 2026

July 2018: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MCLEAN IL
Property Address	508 IAA DR, BLOOMINGTON, IL 61701-2216
Transaction Type	Mortgage
Record Updated	Sep 25, 2023
Title Company	MCLEAN COUNTY TITLE

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	201800011968
Date	Jul 25, 2018
Instrument	2018-00011968

Lender

Name	GREAT WESTERN BANK
Type	Bank
Address	OMAHA, NE 68114

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded
Term	61 Months
Due	Jul 31, 2023

April 2021: Special Warranty Deed, Transfer

Document Type	Special Warranty Deed
Jurisdiction	MCLEAN IL
Recording Date	Apr 26, 2021
Property Address	508 IAA DR, BLOOMINGTON, IL 61701-2216
Document Number	202100009707
Instrument Date	Mar 25, 2021
Instrument	2021-00009707
Transaction Type	Transfer
Record Updated	Sep 25, 2023
Title Company	MCLEAN COUNTY TITLE

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$3,108.00
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	161 N CLARK ST STE 4200, 4200, CHICAGO, IL 60601-3316
Mail Care Of	HOWARD J SWIBEL

Mortgage

Document Number	202100009708
Date	Apr 26, 2021
Instrument	2021-00009708

Lender

Name	ASSOCIATED BANK NA
Type	Bank

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded

October 2017: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	MCLEAN IL
Recording Date	Oct 2, 2017
Property Address	508 IAA DR, BLOOMINGTON, IL 61701-2216
Document Number	201700017841
Instrument Date	Sep 8, 2017
Instrument	2017-00017841
Transaction Type	Transfer
Record Updated	Sep 25, 2023
Title Company	MCLEAN COUNTY TITLE

Transaction

Amount	Amount Recorded
Tax	$1,275.00
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	1301 S 72ND ST # 209, 209, OMAHA, NE 68124-1603

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		$249,252 (+14.23%) Land $103,198 Building $146,054	$747,756 (+14.23%) Land $309,594 Building $438,162
2024	$18,556.00 (+1.75%)
2023	$18,236.00 (+8.99%)	$218,197 (+10.83%) Land $90,340 Building $127,857	$654,591 (+10.83%) Land $271,020 Building $383,571
2022	$16,732.00	$196,877 Land $81,513 Building $115,364	$590,631 Land $244,539 Building $346,092

Assessed value is set for property tax purposes, not a market price estimate; it is a fraction of this property's market value.

Flood

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

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 357 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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