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1587 Gilbert Ave, Indianapolis, IN 46227 Property Records

Marion County property record for 1587 Gilbert Ave, Indianapolis, IN 46227

Property Summary

Property TypeCommercial Vacant Land
Details2 bd · 1,080 sqft · built 1926
Lot Size0.564 acres (24,568 sqft)
OwnerCompany Name on File
Last Sale$9,500,000 (Jul 2017)
Tax Bill$2,433 (2024)
Deeds & MortgagesJul 2017 Sale
Flood ZoneZone X (minimal risk)
APN49-15-06-113-029.000-500

Property Details

APN / Parcel Number

Primary APN49-15-06-113-029.000-500
Alternative APN
  • 5002985

Interior

Bedrooms2 Beds
Total Rooms6 Rooms
Stories1 Story
Building Area1,080 sqft Living Area
1st Floor Area1,080 sqft

Exterior

Year BuiltBuilt 1926
Effective Year BuiltEffective 1926
Construction TypeWood
Roof MaterialAsphalt
Lot Area24,568 sqft (0.564 acres)
Lot Dimensions241 ft deep x 102 ft wide
View / LotExtra Front
Garage TypeDetached
Garage Area544 sqft
Parking Spaces2 Parking Spaces
Patio Area128 sqft

Utilities, Heating & Cooling

Cooling SystemCentral
Heating SystemCentral

Location & Zoning

Street Address1587 GILBERT AVE
CityINDIANAPOLIS
StateIN
Zip46227-4666
Property CategoryCommercial
Property TypeVacant Land > Commercial
Local Zoning CodeZO01
Legal DescriptionMADISON HEIGHTS ADD L14
Legal SubdivisionMADISON HEIGHTS ADD
Legal Lot Number14
JurisdictionMARION IN
Township / Civil DivisionPERRY
Census Block Group2
Census Block2006
Census Tract380800

Owner

1587 Gilbert Ave, commercial vacant land, is owned by a company that bought it in July 2017.

Source: Marion County records, as of March 16, 2026

Owner of RecordCompany Name on File
Mailing Address310 SEVEN FIELDS BLVD, 350, SEVEN FIELDS, PA 16046-4343
Owner TypeCompany
VestingCompany

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

Assessor's Deed Record

Deed NamesName on Deed
Last SaleJul 6, 2017 · Amount on File
Deed SaleJul 6, 2017 · Amount on File
Prior SaleAug 14, 2013
Deed Document Number20175075311
Prior Transfer DateAug 7, 2013
Prior Transfer Doc0000099273
Record UpdatedSep 20, 2026

July 2017: Warranty Deed, Transfer

Document TypeWarranty Deed
JurisdictionMARION IN
Recording DateJul 10, 2017
Property Address1587 GILBERT AVE, INDIANAPOLIS, IN 46227-4666
Document Number0000077643
Instrument DateJul 6, 2017
Instrument77643
Transaction TypeTransfer
Record UpdatedJul 13, 2017
Title CompanyCHICAGO TITLE COMPANY, CHICAGO TITLE INSURANCE COMPAN

Transaction

Tax$0.00
Additional
  • Multiple Parcels

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipLimited Partnership
Address310 SEVEN FIELDS BLVD #350 SEVEN FIELDS PA 160464343, 350, SEVEN FIELDS, PA 16046-4343

Tax Assessment & Valuation

Source: Marion County assessment roll, as of March 16, 2026

Property Jurisdictions

TypeName
StateIndiana
CountyMarion County
County SubdivisionPerry Township
Consolidated CityIndianapolis City
Unified School DistrictPerry Township Metropolitan School District (PK - 12)

Tax Bill & Assessment History

YearTax BillAssessed ValueAssessed Market Value
2025$93,900 Land $63,500 Building $30,400$93,900 Land $63,500 Building $30,400
2024$2,433.00 (+6.48%)
2023$2,285.00 (+0.88%)$82,500 (+0.98%) Land $63,500 Building $19,000$82,500 (+0.98%) Land $63,500 Building $19,000
2022$2,265.00 (+0.76%)$81,700 Land $63,500 Building $18,200$81,700 Land $63,500 Building $18,200
2021$2,248.00

Assessed value is set for property tax purposes, not a market price estimate; it is a fraction of this property's market value.

Flood

FEMA maps place 1587 Gilbert Ave in Zone X, an area of minimal flood risk.

Source: FEMA National Flood Hazard Layer, effective June 7, 2026

FEMA Flood ZoneZone X
minimal risk
Flood Insurance RequirementNot required
lenders may require it

Values are read at the parcel center point; lenders make the official flood determination.

Wildfire

Wildfire risk around 1587 Gilbert Ave is low, with less than a 0.01% annual chance of wildfire.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire RiskLow
lower than 97% of the US · lower than 78% of Indiana
Wildfire LikelihoodUnder 0.01% annual chance
ExposureNone
beyond 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 SystemCITIZENS WATER - INDIANAPOLIS
serves 880,345 people · EPA ID IN5249004
Water SourceSurface water
Last State InspectionMay 2024
Lead3 ppb (2026)
action level 15 ppb

Violations Reported to EPA

Water QualityNone
last 10 years
Treatment and ProcedureNone
last 10 years
Monitoring and ReportingNone
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 352 locations within half a mile, as of December 31, 2025

ProviderMax Down / Up (Mbps)
AT&T
Fiber · Fixed Wireless in parts of the area		5,000 / 5,000
Xfinity
Cable · Fiber in parts of the area		2,000 / 250
Verizon
Fixed Wireless		300 / 20
T-Mobile
Fixed Wireless		100 / 20

May also be available: Spectrum.

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