509 E North Grand Ave, Springfield, IL 62702 Property Records

Sangamon County property record for 509 E North Grand Ave, Springfield, IL 62702

Property Summary

Property Type	Commercial
Lot Size	0.189 acres (8,260 sqft)
Owner	Company Name on Record
Last Sale	$550,000 (Jun 2026)
Tax Bill	$6,329 (2025)
Deeds & Mortgages	Jun 2026 Sale & Mortgage Jan 2023 Sale & Mortgage
Flood Zone	Zone X (minimal risk)
APN	`14-22.0-377-008`

Property Details

APN / Parcel Number

Primary APN	`14-22.0-377-008`
Alternative APN	`14220377008 (CHECK DIGIT = 0)`

Interior

Units	8 Units

Exterior

Lot Area	8,260 sqft (0.189 acres)

Location & Zoning

Account Number	14220377008
Street Address	509 E NORTH GRAND AVE
City	SPRINGFIELD
State	IL
Zip	62702-3965
Property Category	Commercial
Property Type	Commercial > Retail
Legal Description	E 511/2 W 103' L 3 B 3 ROBT. ALLENS SUB PT E1/2 SW 22-16-5
Legal Subdivision	ROBT. ALLENS SUB
Jurisdiction	SANGAMON IL
Township / Civil Division	CAPITAL
Census Block Group	4
Census Block	4012
Census Tract	400

Owner

Source: Sangamon County records, as of July 2, 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 Record
Mailing Address	60 YACHT CLUB RD, SPRINGFIELD, IL 62712-9525
Owner Type	Company
Vesting	Limited Liability Partnership

Deeds, Mortgages & Sale History

Date	Document
Jun 23, 2026	Warranty Deed, Transfer · Conventional Mortgage SECURITY BANK SB
Jan 11, 2023	Warranty Deed, Transfer · Commercial Mortgage MIDLAND COMMUNITY BANK

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Jun 23, 2026 · Amount on Record
Deed Sale	Jun 23, 2026 · Amount on Record
Prior Sale	Jan 11, 2023 · Amount on Record
Deed Document Number	202611140
Record Updated	Sep 20, 2026

June 2026: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	SANGAMON IL
Recording Date	Jun 23, 2026
Property Address	509 E NORTH GRAND AVE, SPRINGFIELD, IL 62702-3965
Document Number	0000011140
Instrument Date	Jun 16, 2026
Instrument	202611140
Transaction Type	Transfer
Record Updated	Jul 2, 2026
Title Company	ALLIED CAPITAL TITLE

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$83,325.00
Amount Accuracy	Calculated from Transfer Tax
Additional	Arm's Length Multiple Parcels

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Limited Liability Partnership
Address	60 YACHT CLUB RD, SPRINGFIELD, IL 62712-9525
Investor	Possibly a Property Investor

Mortgage

Document Number	0000011141,
Date	Jun 23, 2026
Instrument	202611141

Lender

Name	SECURITY BANK SB

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded

Interest

Rate	6.37%
Max Rate	-1%

January 2023: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	SANGAMON IL
Recording Date	Jan 11, 2023
Property Address	509 E NORTH GRAND AVE, SPRINGFIELD, IL 62702-3965
Document Number	2023R00569
Instrument Date	Dec 29, 2022
Instrument	2023R00569
Transaction Type	Transfer
Record Updated	Feb 1, 2023

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$143.25
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	815 N DIRKSEN PKWY, SPRINGFIELD, IL 62702-6100

Mortgage

Document Number	2023R00570
Date	Jan 11, 2023
Instrument	2023R00570

Lender

Name	MIDLAND COMMUNITY BANK
Type	Bank

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded
Term	180 Months
Due	Dec 29, 2037

Interest

Rate Type	Fixed Rate
Rate	6.75%

Tax Assessment & Valuation

Source: Sangamon County assessment roll, as of June 2, 2026

Property Jurisdictions

Type	Name
State	Illinois
County	Sangamon County
County Subdivision	Capital Township
Municipality	Springfield City
Unified School District	Springfield School District 186 (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$6,329.00 (+109.99%)	$78,181 (+132.39%) Land $26,559 Building $51,622	$234,543 (+132.39%) Land $79,677 Building $154,866
2022	$3,014.00	$33,642 Land $21,464 Building $12,178	$100,926 Land $64,392 Building $36,534

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 May 4, 2016 · 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	2 (1979–1982)
Most Recent Claim	Dec 1982 · 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.

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	SPRINGFIELD serves 117,444 people · EPA ID IL1671200
Water Source	Surface water
Last State Inspection	Sep 2024
Lead	Under 1 ppb (2026–2028) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	3 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 500 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
AT&T Fiber · Fixed Wireless · DSL in parts of the area	5,000 / 5,000
Xfinity Cable	1,200 / 35
Rise Broadband Fixed Wireless	500 / 100
Verizon Fixed Wireless	300 / 20

May also be available: Fidium Fiber.

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