15175 State Rd 331, Bourbon, IN 46504 Property Records

Marshall County property record for 15175 State Rd 331, Bourbon, IN 46504

Property Summary

Property Type	Retail Stores (Personal Services, Photography, Travel)
Details	2,730 sqft · built 1973
Lot Size	1 acres (43,560 sqft)
Owner	2 Individual Names on Record
Last Sale	$270,800 (Oct 2019)
Tax Bill	$570 (2024)
Deeds & Mortgages	Jan 2021 Mortgage Oct 2019 Mortgage + 1 more
Flood Zone	Zone X (minimal risk)
APN	`50-23-01-000-007.000-012`

Property Details

APN / Parcel Number

Primary APN	`50-23-01-000-007.000-012`
Alternative APNs	`01601047912` `0070002200`

Interior

Plumbing Fixtures	10 Plumbing Fixtures
Stories	1 Story
Building Area	2,730 sqft Gross Area
1st Floor Area	2,730 sqft

Exterior

Year Built	Built 1973
Effective Year Built	Effective 1973
Exterior Material	Concrete Block
Construction Type	Metal Frame
Fire Resistance	Wood or Wood & Steel Frame
Lot Area	43,560 sqft (1 acres)
Shed	1 Shed
Shed Area	64 sqft

Location & Zoning

Street Address	15175 STATE ROAD 331
City	BOURBON
State	IN
Zip	46504-9581
Property Category	Commercial
Property Type	Commercial > Retail > Retail Stores (Personal Services, Photography, Travel)
Legal Description	ACREAGE: 1 AUDITOR DESC: NE COR NE TH S ALG E LN 817.8 W200 LEGAL DESC:
Jurisdiction	MARSHALL IN
Township / Civil Division	TIPPECANOE
Census Block Group	4
Census Block	4012
Census Tract	20800

Owner

Source: Marshall County records, as of March 11, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	2 Individual Names on Record
Mailing Address	15161 STATE ROAD 331, BOURBON, IN 46504-9581
Owner Type	Individual

Deeds, Mortgages & Sale History

Date	Document
Jan 13, 2021	Deed of Trust, Mortgage · Conventional Mortgage FIRST FEDERAL SAVINGS BANK
Oct 4, 2019	Deed, Transfer · Conventional Mortgage FIRST FEDERAL SAVINGS BANK
Jul 31, 2018	Intrafamily Transfer, Transfer MERIDIAN TITLE, MERIDIAN TITLE CORP

Assessor's Deed Record

Deed Names	2 Names on Deed
Last Sale	Oct 4, 2019 · Amount on Record
Deed Sale	Oct 4, 2019 · Amount on Record
Deed Document Number	20195048
Prior Transfer Date	Jul 16, 2018
Prior Transfer Doc	0201803419
Record Updated	Jun 8, 2026

January 2021: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MARSHALL IN
Property Address	15175 STATE ROAD 331, BOURBON, IN 46504-9581
Transaction Type	Mortgage
Record Updated	Aug 8, 2022

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0202100287
Date	Jan 13, 2021
Instrument	202100287

Lender

Name	FIRST FEDERAL SAVINGS BANK
Type	Bank
Address	48975

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	361 Months
Due	Feb 1, 2051

October 2019: Deed, Transfer

Document Type	Deed
Jurisdiction	MARSHALL IN
Recording Date	Oct 4, 2019
Property Address	15175 STATE ROAD 331, BOURBON, IN 46504-9581
Document Number	0201905048
Instrument Date	Sep 20, 2019
Instrument	201905048
Transaction Type	Transfer
Record Updated	Aug 8, 2022

Transaction

Tax	$0.00
Additional	Arm's Length Multiple Parcels

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	15161 STATE ROAD 331, BOURBON, IN 46504-9581

Mortgage

Document Number	0201905049
Date	Oct 4, 2019
Instrument	201905049

Lender

Name	FIRST FEDERAL SAVINGS BANK
Type	Bank

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	360 Months
Due	Oct 1, 2049

July 2018: Intrafamily Transfer, Transfer

Document Type	Intrafamily Transfer
Jurisdiction	MARSHALL IN
Recording Date	Jul 31, 2018
Property Address	15175 STATE ROAD 331, BOURBON, IN 46504-9581
Document Number	0201803419
Instrument Date	Jul 16, 2018
Instrument	201803419
Transaction Type	Transfer
Record Updated	Aug 8, 2022
Title Company	MERIDIAN TITLE, MERIDIAN TITLE CORP

Transaction

Tax	$0.00
Additional	Intrafamily Transfer Multiple Parcels

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Revocable Living Trust
Address	15161 STATE ROAD 331, BOURBON, IN 46504-9581

Tax Assessment & Valuation

Source: Marshall County assessment roll, as of March 11, 2026

Property Jurisdictions

Type	Name
State	Indiana
County	Marshall County
County Subdivision	Tippecanoe Township
Unified School District	Triton School Corporation (KG - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025		$42,700 (-1.16%) Land $19,500 Building $23,200	$42,700 (-1.16%) Land $19,500 Building $23,200
2024	$570.00 (+5.56%)
2023	$540.00 (-5.92%)	$43,200 (+0.23%) Land $19,500 Building $23,700	$43,200 (+0.23%) Land $19,500 Building $23,700
2022	$574.00	$43,100 Land $19,500 Building $23,600	$43,100 Land $19,500 Building $23,600

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 September 10, 2014 · 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	2 in force
Nearby Flood Claims	2 (2011–2018)
Claims Outside the SFHA	1 of 2
Most Recent Claim	Feb 2018 · Severe Storms And Flooding

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.

Internet Providers

Source: FCC Broadband Data Collection, based on 9 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
RTC Communications Fiber	1,000 / 1,000
Mediacom Xtream Cable	1,000 / 50

May also be available: Fourway.

Cell Coverage

5G and 4G LTE (outdoors only)

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