702 W Killarney St, Urbana, IL 61801 Property Records

Champaign County property record for 702 W Killarney St, Urbana, IL 61801

Property Summary

Property Type	Commercial
Lot Size	4.06 acres (176,934 sqft)
Owner	Company Name on File
Last Sale	$2,350,000 (Jun 2022)
Tax Bill	$87,769 (2024)
Deeds & Mortgages	Jun 2022 Sale & Line of Credit Jul 2020 Loan Modification
Flood Zone	Zone X (minimal risk)
APN	`91-21-05-302-007`

Property Details

APN / Parcel Number

Primary APN	`91-21-05-302-007`

Exterior

Lot Area	176,934 sqft (4.06 acres)

Location & Zoning

Street Address	702 W KILLARNEY ST
City	URBANA
State	IL
Zip	61801-1015
Property Category	Commercial
Property Type	Commercial > Retail
Legal Description	LOT 2 LINCOLN CENTRE REPLAT OF LT 2
Legal Range	09E
Legal Township	19N
Legal Section	05
Legal Subdivision	LINCOLN CENTRE REPLAT OF LT 2
Legal Lot Number	2
Jurisdiction	CHAMPAIGN IL
Township / Civil Division	CUNNINGHAM
Census Block Group	1
Census Block	1014
Census Tract	5300

Owner

702 W Killarney St, a commercial property, is owned by a company that bought it in June 2022.

Source: Champaign County records, as of August 4, 2026

Owner of Record	Company Name on File
Mailing Address	2001 KANKAKEE DR, CHAMPAIGN, IL 61821-1100
Owner Type	Company
Vesting	Limited Liability Partnership

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

Date	Document
Jun 23, 2022	Special Warranty Deed, Transfer · Line of Credit PROSPECT BANK
Jul 15, 2020	Loan Modification, Mortgage BANKCHAMPAIGN

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Jun 23, 2022 · Amount on File
Deed Sale	Jun 23, 2022 · Amount on File
Deed Document Number	202211486
Record Updated	Sep 20, 2026

June 2022: Special Warranty Deed, Transfer

Document Type	Special Warranty Deed
Jurisdiction	CHAMPAIGN IL
Recording Date	Jun 23, 2022
Property Address	702 W KILLARNEY ST, URBANA, IL 61801-1015
Document Number	0000011486
Map Reference	DOC 97R23323
Instrument Date	Jun 10, 2022
Instrument	2022R11486
Transaction Type	Transfer
Record Updated	Jul 1, 2022
Title Company	NOT AVAILABLE, ACT

Transaction

Amount	Amount on Record
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$2,350.00
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	2001 KANKAKEE DR, CHAMPAIGN, IL 61821-1147

Mortgage

Document Number	0000011487
Date	Jun 23, 2022
Instrument	2022R11487

Lender

Name	PROSPECT BANK
Type	Bank

Agreement

Type	Line of Credit
Amount	Amount on Record
Term	240 Months
Due	Jun 15, 2042

Interest

Rate	2.58%

July 2020: Loan Modification, Mortgage

Document Type	Loan Modification
Jurisdiction	CHAMPAIGN IL
Property Address	702 W KILLARNEY ST, URBANA, IL 61801-1015
Document Number	0000017089
Instrument Date	Jul 15, 2020
Transaction Type	Mortgage
Record Updated	Oct 1, 2020
Title Company	NOT AVAILABLE

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	1021 N MULFORD RD ROCKFORD IL 611073874, ROCKFORD, IL 61107-3874

Mortgage

Document Number	0000017089
Date	Aug 26, 2020
Instrument	17089

Lender

Name	BANKCHAMPAIGN
Type	Bank
Address	2101 S NEIL ST, CHAMPAIGN, IL 61820-7503

Agreement

Amount	Amount on Record
Term	60 Months
Due	Aug 25, 2025

Tax Assessment & Valuation

Source: Champaign County assessment roll, as of April 29, 2026

Property Jurisdictions

Type	Name
State	Illinois
County	Champaign County
County Subdivision	Cunningham Township
Municipality	Urbana City
Unified School District	Urbana School District 116 (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025		$899,910 (+5.8%) Land $241,740 Building $658,170	$2,699,730 (+5.8%) Land $725,220 Building $1,974,510
2024	$87,769.00 (+6.27%)	$850,580 Land $228,490 Building $622,090	$2,551,740 Land $685,470 Building $1,866,270
2023	$82,591.00 (+6.72%)
2022	$77,390.00	$714,620 Land $191,970 Building $522,650	$2,143,860 Land $575,910 Building $1,567,950

Assessed value and assessed market value are set for property tax purposes, not market price estimates; both are a fraction of this property's market value.

Flood

FEMA maps place 702 W Killarney St in Zone X, an area of minimal flood risk.

Source: FEMA National Flood Hazard Layer, effective July 14, 2021 · 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 Policies	1 in force

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

The area around 702 W Killarney 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.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	IL AMERICAN-CHAMPAIGN private · serves 150,000 people · EPA ID IL0195300
Water Source	Groundwater
Last State Inspection	Sep 2025
Lead	1 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.

Internet Providers

Source: FCC Broadband Data Collection, based on 84 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Pavlov Media Fiber	2,000 / 2,000
Xfinity Cable	2,000 / 250
Nextlink Fixed Wireless	300 / 100
Verizon Fixed Wireless	300 / 20
T-Mobile Fixed Wireless	100 / 20

May also be available: i3 Broadband, Mediacom Xtream.

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