Monroe County property record for 509 W Mill St, Waterloo, IL 62298
| Property Type | Commercial |
|---|---|
| Lot Size | 0.26 acres (11,326 sqft) |
| Owner | Individual Name on File |
| Tax Bill | $1,827 (2025) |
| Deeds & Mortgages | Sep 2017 Mortgage Mar 2017 Loan Modification |
| Flood Zone | Zone X (minimal risk) |
| APN | 07-25-181-039-000 |
| Primary APN | 07-25-181-039-000 |
|---|
| Lot Area | 11,326 sqft (0.26 acres) |
|---|
| Street Address | 509 W MILL ST |
|---|---|
| City | WATERLOO |
| State | IL |
| Zip | 62298-1241 |
| Property Category | Commercial |
| Property Type | Commercial > Retail |
| Local Zoning Code | WI1 |
| Legal Description | LOT 26D & PART LOTS 26A & 26E WEST OUTLOTS |
| Legal Range | 10W |
| Legal Township | 02S |
| Legal Section | 25 |
| Legal Subdivision | WATERLOO |
| Legal Lot Number | 26A,26E |
| Jurisdiction | MONROE IL |
| Township / Civil Division | 17 |
| Census Block Group | 3 |
| Census Block | 3048 |
| Census Tract | 600401 |
Source: NPS National Register of Historic Places, as of August 1, 2026
| Historic District | Within the Waterloo Historic District listed 1978 · 236 contributing resources · NRIS 78001177 |
|---|
Federal listing alone does not restrict alterations; local historic district rules, which this data does not cover, may apply.
509 W Mill St, a commercial property, is owned by an individual.
Source: Monroe County records, as of October 20, 2026
Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.
| Owner of Record | Individual Name on File |
|---|---|
| Mailing Address | 509 W MILL ST, WATERLOO, IL 62298-1241 |
| Owner Type | Individual |
| Date | Document |
|---|---|
| Sep 6, 2017 | Deed of Trust, Mortgage · Commercial Mortgage MIDLAND STATES BANK |
| Mar 27, 2017 | Loan Modification, Mortgage |
| Deed Names | Name on Deed |
|---|---|
| Record Updated | Oct 29, 2026 |
| Document Type | Deed of Trust |
|---|---|
| Jurisdiction | MONROE IL |
| Property Address | 509 W MILL ST, WATERLOO, IL 62298-1241 |
| Transaction Type | Mortgage |
| Record Updated | Feb 5, 2021 |
| Title Company | ACCENT TITLE |
| Name | Verified Name |
|---|
| Document Number | 0000391798 |
|---|---|
| Date | Sep 6, 2017 |
| Instrument | 391798 |
| Name | MIDLAND STATES BANK |
|---|---|
| Type | Bank |
| Type | Commercial Mortgage |
|---|---|
| Amount | Amount on Record |
| Term | 180 Months |
| Due | Sep 1, 2032 |
| Rate Type | Adjustable Rate |
|---|---|
| Adjustable | Adjustable Rate Rider |
| Type Change Date | Sep 1, 2024 |
| Change Frequency | Annually |
| Min Rate At Change | 2.25% |
| Max Rate At Change | 9.62% |
| Index | 1-Year LIBOR |
| Document Type | Loan Modification |
|---|---|
| Jurisdiction | MONROE IL |
| Property Address | 509 W MILL ST, WATERLOO, IL 62298-1241 |
| Document Number | 0000389266 |
| Instrument Date | Mar 27, 2017 |
| Transaction Type | Mortgage |
| Record Updated | May 10, 2017 |
| Name | Verified Name |
|---|---|
| Relationship | Separate Estate/Property |
| Address | 509 W MILL ST WATERLOO IL 622981241, WATERLOO, IL 62298-1241 |
The 2025 property tax bill for 509 W Mill St was $1,827, down 1.9% from the year before.
Source: Monroe County assessment roll, as of October 13, 2026
| Type | Name |
|---|---|
| State | Illinois |
| County | Monroe County |
| Municipality | Waterloo City |
| Unified School District | Waterloo Community Unit School District 5 (PK - 12) |
| Year | Tax Bill | Assessed Value | Assessed Market Value |
|---|---|---|---|
| 2025 | $1,827.00 (-1.88%) Homeowner's exemption | $35,480 Land $7,550 Building $27,930 | $106,440 Land $22,650 Building $83,790 |
| 2024 | $1,862.00 | ||
| 2022 | Additional exemption filed | $35,480 Land $7,550 Building $27,930 | $106,440 Land $22,650 Building $83,790 |
Assessed value and assessed market value are set for property tax purposes and are not market price estimates.
FEMA maps place 509 W Mill St in Zone X, an area of minimal flood risk.
Source: FEMA National Flood Hazard Layer, effective August 18, 2025
| 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.
The area around 509 W Mill 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 | WATERLOO serves 10,190 people · EPA ID IL1330300 |
|---|---|
| Water Source | Groundwater |
| Last State Inspection | Dec 2025 |
| Lead | 1 ppb (2026–2028) action level 15 ppb |
| Water Quality | None last 10 years |
|---|---|
| Treatment and Procedure | None last 10 years |
| Monitoring and Reporting | 30 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.
Source: FCC Broadband Data Collection, based on 458 locations within half a mile, as of December 31, 2025
| Provider | Max Down / Up (Mbps) |
|---|---|
| Spectrum Cable · Fiber in parts of the area | 1,000 / 1,000 |
| Verizon Fixed Wireless | 300 / 20 |
| Harrisonville Telephone Company DSL · Fiber in parts of the area | 100 / 20 |
May also be available: ClearWave, Wisper ISP.
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