171 Commerce Dr, Franklin, IN 46131 Property Records

Johnson County property record for 171 Commerce Dr, Franklin, IN 46131

Property Summary

Property Type	Office Building
Details	10,800 sqft · built 2001
Lot Size	1.08 acres (47,306 sqft)
Owner	Company Name on Record
Last Sale	$1,066,527 (May 2026)
Tax Bill	$10,629 (2025)
Deeds & Mortgages	May 2026 Mortgage May 2026 Sale & Mortgage + 7 more
Flood Zone	Zone X (minimal risk)
APN	`51001020019/00`

Property Details

APN / Parcel Number

Primary APN	`51001020019/00`
Alternative APNs	`41-08-10-011-003.000-009` `00001078567`

Interior

Units	6 Units
Stories	1 Story
Building Area	10,800 sqft Total Area
1st Floor Area	10,800 sqft

Exterior

Year Built	Built 2001
Effective Year Built	Effective 2001
Construction Type	Wood
Fire Resistance	Wood or Wood & Steel Frame
Lot Area	47,306 sqft (1.08 acres)
Lot Dimensions	316 ft deep x 150 ft wide

Location & Zoning

Account Number	00001078567
Street Address	171 COMMERCE DR
City	FRANKLIN
State	IN
Zip	46131-9230
Property Category	Commercial
Property Type	Commercial > Office > Office Building
Legal Description	FRANKLIN COMMERCE PARK LOT 19 MP FRANKLIN COMMUNI
Legal Subdivision	RSW INDUSTRIAL PARK
Legal Lot Number	19
Jurisdiction	JOHNSON IN
Township / Civil Division	FRANKLIN
Census Block Group	1
Census Block	1064
Census Tract	610802

Owner

Source: Johnson County records, as of October 13, 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	Company Name on Record
Mailing Address	3242 S 650 W, SHELBYVILLE, IN 46176-9088
Owner Type	Company
Vesting	Limited Liability Partnership

Deeds, Mortgages & Sale History

Date	Document
May 14, 2026	Special Warranty Deed, Transfer · Seller Carry-Back LFE DEVELOPMENT CORPORATION
May 14, 2026	Special Warranty Deed, Transfer · Seller Carry-Back LFE DEVELOPMENT CORPORATION
Apr 28, 2026	Deed of Trust, Mortgage · Line of Credit MUTUAL SAVINGS BANK
May 12, 2020	Deed of Trust, Mortgage · Conventional Mortgage MUTUAL SAVINGS BANK
Sep 4, 2012	Deed of Trust, Mortgage · Commercial Mortgage FIRST FINANCIAL BANK NA
Jan 23, 2007	Deed of Trust, Mortgage · Line of Credit FIRST INDIANA BANK NA
Jul 28, 2008	Warranty Deed, Transfer
Aug 13, 2007	Re-recorded Document
Aug 1, 2007	Warranty Deed, Transfer

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	May 14, 2026 · Amount on Record
Deed Sale	May 14, 2026 · Amount on Record
Prior Sale	Jul 28, 2008
Deed Document Number	20269546
Prior Transfer Date	Jul 25, 2007
Prior Transfer Doc	2007019533
Record Updated	Oct 29, 2026

May 2026: Special Warranty Deed, Transfer

Document Type	Special Warranty Deed
Jurisdiction	JOHNSON IN
Recording Date	May 14, 2026
Property Address	171 COMMERCE DR, FRANKLIN, IN 46131-9230
Document Number	2026009546
Instrument Date	May 1, 2026
Instrument	20269546
Transaction Type	Transfer
Record Updated	Aug 25, 2026
Title Company	NONE LISTED ON DOCUMENT

Transaction

Tax	$0.00
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Limited Liability Partnership
Address	3242 S 650 W, SHELBYVILLE, IN 46176-9088

Mortgage

Document Number	0000009547,
Date	May 14, 2026
Instrument	20269547

Lender

Name	LFE DEVELOPMENT CORPORATION
Special Notes	Seller Financed

Agreement

Type	Seller Carry-Back
Amount	Amount Recorded

Interest

Max Rate	-1%

May 2026: Special Warranty Deed, Transfer

Document Type	Special Warranty Deed
Jurisdiction	JOHNSON IN
Recording Date	May 14, 2026
Property Address	171 COMMERCE DR, FRANKLIN, IN 46131-9230
Document Number	0000009546
Instrument Date	May 1, 2026
Instrument	2026.9546
Transaction Type	Transfer
Record Updated	May 22, 2026
Title Company	NONE LISTED ON DOCUMENT

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$0.00
Amount Accuracy	Estimated Sale Price
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Limited Liability Partnership
Address	3242 S 650 W, SHELBYVILLE, IN 46176-9088

Mortgage

Document Number	0000009547,
Date	May 14, 2026
Instrument	2026..9547

Lender

Name	LFE DEVELOPMENT CORPORATION
Special Notes	Seller Financed

Agreement

Type	Seller Carry-Back
Amount	Amount Recorded

Interest

Rate	6.46%
Max Rate	-1%

April 2026: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	JOHNSON IN
Recording Date	Apr 28, 2026
Property Address	171 COMMERCE DR, FRANKLIN, IN 46131-9230
Document Number	0000008417
Instrument Date	Apr 28, 2026
Instrument	20268417
Transaction Type	Mortgage
Record Updated	Jul 12, 2026
Title Company	NONE LISTED ON DOCUMENT

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company, 103
Address	171 COMMERCE DR, FRANKLIN, IN 46131-9230

Mortgage

Document Number	0000008417,
Date	Apr 28, 2026
Instrument	20268417

Lender

Name	MUTUAL SAVINGS BANK

Agreement

Type	Line of Credit
Amount	Amount Recorded
Term	180 Months
Due	Apr 28, 2041

Interest

Rate	5.77%
Max Rate	-1%

May 2020: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	JOHNSON IN
Property Address	171 COMMERCE DR, FRANKLIN, IN 46131-9230
Transaction Type	Mortgage
Record Updated	Feb 13, 2026

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	2020011655
Date	May 12, 2020
Instrument	2020-011655

Lender

Name	MUTUAL SAVINGS BANK
Type	Bank

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	240 Months
Due	Apr 27, 2040

Interest

Rate Type	Adjustable Rate

September 2012: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	JOHNSON IN
Property Address	171 COMMERCE DR, FRANKLIN, IN 46131-9230
Transaction Type	Mortgage
Record Updated	Feb 13, 2026

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	2012019492
Date	Sep 4, 2012
Instrument	2012-019492

Lender

Name	FIRST FINANCIAL BANK NA
Type	Bank
Address	HAMILTON, OH 45011

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded
Term	59 Months
Due	Aug 28, 2017

January 2007: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	JOHNSON IN
Property Address	171 COMMERCE DR, FRANKLIN, IN 46131-9230
Transaction Type	Mortgage
Record Updated	Feb 13, 2026

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	2007002037
Date	Jan 23, 2007
Instrument	2007-002037

Lender

Name	FIRST INDIANA BANK NA
Type	Bank
Address	INDIANAPOLIS, IN 46204

Agreement

Type	Line of Credit
Amount	Amount Recorded
Term	120 Months
Due	Jan 28, 2017

July 2008: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	JOHNSON IN
Recording Date	Jul 28, 2008
Property Address	171 COMMERCE DR, FRANKLIN, IN 46131-9230
Document Number	2008015957
Map Reference	DOC2008-015733
Instrument Date	Jul 25, 2008
Instrument	2008-015957
Transaction Type	Transfer
Record Updated	Feb 13, 2026

Transaction

Tax	$0.00
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	171 COMMERCE DR, FRANKLIN, IN 46131-9230

August 2007: Re-recorded Document

Document Type	Re-recorded Document
Jurisdiction	JOHNSON IN
Recording Date	Aug 13, 2007
Property Address	171 COMMERCE DR, FRANKLIN, IN 46131-9230
Document Number	2007019533
Instrument Date	Jul 25, 2007
Instrument	2007-019533
Record Updated	Feb 13, 2026

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	171 COMMERCE DR, FRANKLIN, IN 46131-9230
Investor	Possibly a Property Investor

August 2007: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	JOHNSON IN
Recording Date	Aug 1, 2007
Property Address	171 COMMERCE DR, FRANKLIN, IN 46131-9230
Document Number	2007018586
Instrument Date	Jul 25, 2007
Instrument	2007-018586
Transaction Type	Transfer
Record Updated	Feb 13, 2026

Transaction

Tax	$0.00
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	171 COMMERCE DR, FRANKLIN, IN 46131-9230
Investor	Possibly a Property Investor

Tax Assessment & Valuation

Source: Johnson County assessment roll, as of June 19, 2026

Property Jurisdictions

Type	Name
State	Indiana
County	Johnson County
County Subdivision	Franklin Township
Municipality	Franklin City
Unified School District	Franklin Community School Corporation (KG - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$10,629.00 (-2.01%)	$419,700 (+6.96%) Land $251,000 Building $168,700	$419,700 (+6.96%) Land $251,000 Building $168,700
2024	$10,847.00 (-4.66%)
2023	$11,377.00 (-12.54%)	$392,400 Land $251,000 Building $141,400	$392,400 Land $251,000 Building $141,400
2022	$13,008.00

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

Flood

Source: FEMA National Flood Hazard Layer, effective September 30, 2026 · 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	4 in force
Nearby Flood Claims	3 (2008–2017)
Most Recent Claim	Jul 2017 · river or lake 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.

Drinking Water

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

Water System	INDIANA AMERICAN WATER - JOHNSON COUNTY private · serves 86,813 people · EPA ID IN5241005
Water Source	Groundwater
Last State Inspection	Jan 2024
Lead	2 ppb (2022–2024) 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 149 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
AT&T Fixed Wireless	100 / 20

May also be available: JC Fiber.

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