509 N Adelaide St, Normal, IL 61761 Property Records

McLean County property record for 509 N Adelaide St, Normal, IL 61761

Property Summary

Property Type	Commercial
Details	90 bd · 96,797 sqft · built 1964
Lot Size	6.3 acres (274,428 sqft)
Owner	Company Name on Record
Last Sale	$10,955,000 (Jul 2023)
Tax Bill	$121,792 (2024)
Deeds & Mortgages	Oct 2025 Mortgage Feb 2018 Mortgage + 1 more
Flood Zone	Zone X (minimal risk)
APN	`14-29-227-016`

Property Details

APN / Parcel Number

Primary APN	`14-29-227-016`

Interior

Bedrooms	90 Beds
Stories	1 Story
Building Area	96,797 sqft Building Perimeter
1st Floor Area	60,391 sqft
Basement Area	9,827 sqft

Exterior

Year Built	Built 1964
Effective Year Built	Effective 1964
Exterior Material	Brick
Roof Type	Flat
Roof Material	Asphalt
Lot Area	274,428 sqft (6.3 acres)

Utilities, Heating & Cooling

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

Location & Zoning

Street Address	509 N ADELAIDE ST
City	NORMAL
State	IL
Zip	61761-2422
Property Category	Commercial
Property Type	Commercial > Retail
Local Zoning Code	R-3A
Legal Description	EVERGREEN PLACE SUB LT 2
Legal Range	02E
Legal Township	24N
Legal Section	29
Legal Subdivision	EVERGREEN PLACE
Legal Lot Number	2
Jurisdiction	MCLEAN IL
Township / Civil Division	NORMAL
Census Block Group	1
Census Block	1000
Census Tract	302

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	Company Name on Record
Mailing Address	509 N ADELAIDE ST, NORMAL, IL 61761-2422
Owner Type	Company
Vesting	Limited Liability Partnership

Deeds, Mortgages & Sale History

Date	Document
Oct 27, 2025	Deed of Trust, Mortgage · Commercial Mortgage FORTIS BANK
Feb 9, 2018	Deed of Trust, Mortgage · Commercial Mortgage BUSEY BANK
Jul 18, 2023	Special Warranty Deed, Transfer · Commercial Mortgage OXFORD FINANCE LLC

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Jul 18, 2023 · Amount on Record
Deed Sale	Jul 18, 2023 · Amount on Record
Deed Document Number	20239309
Record Updated	Jun 8, 2026

October 2025: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MCLEAN IL
Property Address	509 N ADELAIDE ST, NORMAL, IL 61761-2422
Transaction Type	Mortgage
Record Updated	Apr 13, 2026

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	4655 W CHASE AVE, LINCOLNWOOD, IL 60712-1605

Mortgage

Document Number	202500015321
Date	Oct 27, 2025
Instrument	2025-00015321

Lender

Name	FORTIS BANK
Type	Bank
Address	DENVER, CO 80237

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded

February 2018: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MCLEAN IL
Property Address	509 N ADELAIDE ST, NORMAL, IL 61761-2422
Transaction Type	Mortgage
Record Updated	Sep 25, 2023
Title Company	ALLIANCE LAND TITLE

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	201800002444
Date	Feb 9, 2018
Instrument	2018-00002444

Lender

Name	BUSEY BANK
Type	Bank
Address	00000

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded
Term	59 Months
Due	Jan 26, 2023

July 2023: Special Warranty Deed, Transfer

Document Type	Special Warranty Deed
Jurisdiction	MCLEAN IL
Recording Date	Jul 18, 2023
Property Address	509 N ADELAIDE ST, NORMAL, IL 61761-2422
Document Number	202300009309
Map Reference	DOC 2000R1423
Instrument Date	Jun 30, 2023
Instrument	2023-00009309
Transaction Type	Transfer
Record Updated	Sep 25, 2023
Title Company	ATTORNEY

Transaction

Amount	Amount Recorded
Tax	$10,955.00
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name
Address	115 W JEFFERSON ST # ST401, ST401, BLOOMINGTON, IL 61701-3946

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	4655 W CHASE AVE, LINCOLNWOOD, IL 60712-1605

Mortgage

Document Number	202300009310
Date	Jul 18, 2023
Instrument	2023-00009310

Lender

Name	OXFORD FINANCE LLC

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded
Term	36 Months
Due	Jun 30, 2026

Mortgage

Document Number	202300009751
Date	Jul 26, 2023
Instrument	2023-00009751

Lender

Name	OXFORD FINANCE LLC
Address	ALEXANDRIA, VA 22314

Agreement

Type	Stand-Alone Second Mortgage
Amount	Amount Recorded
Term	36 Months
Due	Jun 30, 2026

Tax Assessment & Valuation

Source: McLean County assessment roll, as of April 8, 2026

Property Jurisdictions

Type	Name
State	Illinois
County	McLean County
County Subdivision	Normal Township
Municipality	Normal Town
Unified School District	McLean County Unit School District 5 (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025		$1,500,000 (-1%) Land $319,175 Building $1,180,825	$4,500,000 (-1%) Land $957,525 Building $3,542,475
2024	$121,792.00 (-14.62%)
2023	$142,645.00 (-4.72%)	$1,666,670 (-) Land $285,794 Building $1,380,876	$5,000,015 (+%) Land $857,383 Building $4,142,632
2022	$149,716.00	$1,666,670 Land $258,193 Building $1,408,477	$5,000,010 Land $774,579 Building $4,225,431

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	NORMAL serves 52,736 people · EPA ID IL1130900
Water Source	Groundwater
Last State Inspection	Aug 2025
Lead	4 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	None 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. The service area is an EPA estimate; the actual supplier may differ.

Internet Providers

Source: FCC Broadband Data Collection, based on 86 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Metronet Fiber	5,120 / 5,120
Xfinity Cable	1,200 / 35
Verizon Fixed Wireless	300 / 20

May also be available: Pavlov Media, Watch TV.

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