McLean County property record for 508 W Olive St, Bloomington, IL 61701
| Property Type | Commercial |
|---|---|
| Lot Size | 0.399 acres (17,380 sqft) |
| Owner | Company Name on File |
| Tax Bill | $848 (2024) |
| Flood Zone | Zone X (minimal risk) |
| APN | 21-04-353-010 |
| Primary APN | 21-04-353-010 |
|---|
| Architectural Style | Condo/Apartment |
|---|---|
| Lot Area | 17,380 sqft (0.399 acres) |
| View / Lot | Lake Front |
| Garage Type | Basement |
| Street Address | 508 W OLIVE ST |
|---|---|
| City | BLOOMINGTON |
| State | IL |
| Zip | 61701 |
| Property Category | Commercial |
| Property Type | Commercial > Retail |
| Legal Description | (EX LEASE FOR CONDO) LOTS 1 THRU 5 BLK 1 LYG NE OF RR YOUNGS ADD & TRIANGULAR PT OF VAC OAK ST LYG W OF & ADJ SAID LOT 5 |
| Legal Range | 02E |
| Legal Township | 23N |
| Legal Section | 04 |
| Legal Subdivision | YOUNGS ADD |
| Legal Block | 1 |
| Legal Lot Number | 1-5 |
| Jurisdiction | MCLEAN IL |
| Township / Civil Division | BLOOMINGTON CITY |
| Census Block Group | 2 |
| Census Block | 2036 |
| Census Tract | 1600 |
508 W Olive St, a commercial property, is owned by a company.
Source: McLean County records, as of April 8, 2026
| Owner of Record | Company Name on File |
|---|---|
| Mailing Address | 650 W PEACHTREE ST NW, ATLANTA, GA 30308-1925 |
| Owner Type | Company |
Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.
| Deed Names | Name on Deed |
|---|---|
| Record Updated | Jun 8, 2026 |
Source: McLean County assessment roll, as of April 8, 2026
| Type | Name |
|---|---|
| State | Illinois |
| Municipality | Bloomington City |
| County | McLean County |
| County Subdivision | Bloomington City Township |
| Unified School District | Bloomington School District 87 (PK - 12) |
| Year | Tax Bill | Assessed Value | Assessed Market Value |
|---|---|---|---|
| 2025 | $11,404 Land $11,404 | $34,212 Land $34,212 | |
| 2024 | $848.00 (+1.68%) | ||
| 2023 | $834.00 (+9.02%) | $9,983 (+10.84%) Land $9,983 | $29,949 (+10.84%) Land $29,949 |
| 2022 | $765.00 | $9,007 Land $9,007 | $27,021 Land $27,021 |
Assessed value and assessed market value are set for property tax purposes and are not market price estimates.
FEMA maps place 508 W Olive 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.
The area around 508 W Olive 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.
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 |
| 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.
Source: FCC Broadband Data Collection, based on 387 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 |
| T-Mobile Fixed Wireless | 100 / 20 |
| AT&T Fixed Wireless | 100 / 20 |
May also be available: Frontier, Pavlov Media, Watch TV.
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