2488 E State Rd 28, Frankfort, IN 46041 Property Records

Clinton County property record for 2488 E State Rd 28, Frankfort, IN 46041

Property Summary

Property Type	Neighborhood Shopping Center, Strip Center
Details	8,160 sqft · built 2004
Lot Size	1.02 acres (44,780 sqft)
Owner	Company Name on File
Tax Bill	$19,325 (2025)
Deeds & Mortgages	Oct 2023 Line of Credit Jun 2021 Transfer + 1 more
Flood Zone	Zone X (minimal risk)
APN	`12-10-12-100-009.000-021`

Property Details

APN / Parcel Number

Primary APN	`12-10-12-100-009.000-021`
Alternative APNs	`01965865196` `01667011`

Interior

Plumbing Fixtures	11 Plumbing Fixtures
Units	5 Units
Stories	1 Story
Building Area	8,160 sqft Total Area
1st Floor Area	8,160 sqft

Exterior

Year Built	Built 2004
Effective Year Built	Effective 2004
Construction Type	Wood
Fire Resistance	Wood or Wood & Steel Frame
Lot Area	44,780 sqft (1.02 acres)

Utilities, Heating & Cooling

Heating Fuel	Gas
Sewer	Connected

Location & Zoning

Account Number	01965865196
Street Address	2488 E STATE ROAD 28
City	FRANKFORT
State	IN
Zip	46041
Property Category	Commercial
Property Type	Commercial > Retail > Neighborhood Shopping Center, Strip Center
Legal Description	016-13043-02 WAL MART SUB 1.2373A PT OUTLOT 1 124-A-2-125-A-2-OL1-A
Legal Subdivision	WAL MART SUBDIVISION
Legal Lot Number	1
Jurisdiction	CLINTON IN
Township / Civil Division	CENTER
Census Block Group	3
Census Block	3052
Census Tract	950200

Owner

2488 E State Rd 28, a commercial property, is owned by a company that acquired it in June 2021.

Source: Clinton County records, as of October 21, 2026

Owner of Record	Company Name on File
Mailing Address	2488 E STATE ROAD 28, FRANKFORT, IN 46041
Owner Type	Company
Vesting	Company

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
Oct 6, 2023	Deed of Trust, Mortgage · Line of Credit THE FARMERS BANK FRANKFORT INDIANA
Jun 10, 2021	Quit Claim Deed, Transfer Quitclaim
Dec 27, 2018	Warranty Deed, Transfer SECURITY TITLE SERVICES

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Jun 10, 2021
Deed Sale	Jun 10, 2021
Prior Sale	Dec 27, 2018
Deed Document Number	20212764
Record Updated	Oct 29, 2026

October 2023: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	CLINTON IN
Property Address	2488 E STATE ROAD 28, FRANKFORT, IN 46041
Transaction Type	Mortgage
Record Updated	Apr 29, 2024

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	13011 LANSDOWNE DR, FISHERS, IN 46038-1065

Mortgage

Document Number	0020233275
Date	Oct 6, 2023
Instrument	20233275

Lender

Name	THE FARMERS BANK FRANKFORT INDIANA
Address	7126 E 116TH ST, FISHERS, IN 46038

Agreement

Type	Line of Credit
Amount	Amount on Record
Term	239 Months
Due	Sep 4, 2043

Interest

Rate Type	Adjustable Rate

June 2021: Quit Claim Deed, Transfer

Document Type	Quit Claim Deed
Jurisdiction	CLINTON IN
Recording Date	Jun 10, 2021
Property Address	2488 E STATE ROAD 28, FRANKFORT, IN 46041
Document Number	0020212764
Map Reference	DOC 2002-1248
Instrument Date	Jun 10, 2021
Instrument	20212764
Transaction Type	Transfer
Record Updated	Jun 9, 2023

Transaction

Tax	$0.00
Additional	Quitclaim Intrafamily Transfer

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	13011 LANSDOWNE DR, FISHERS, IN 46038-1065

December 2018: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	CLINTON IN
Recording Date	Dec 27, 2018
Property Address	2488 E STATE ROAD 28, FRANKFORT, IN 46041
Document Number	0020184481
Map Reference	DOC2002-5681
Instrument Date	Dec 21, 2018
Instrument	2018-4481
Transaction Type	Transfer
Record Updated	Jun 9, 2023
Title Company	SECURITY TITLE SERVICES

Transaction

Tax	$0.00
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	13011 LANSDOWNE DR, FISHERS, IN 46038-1065

Tax Assessment & Valuation

The 2025 property tax bill for 2488 E State Rd 28 was $19,325, up 18.9% from the year before.

Source: Clinton County assessment roll, as of June 23, 2026

Property Jurisdictions

Type	Name
State	Indiana
County	Clinton County
County Subdivision	Center Township
Municipality	Frankfort City
Unified School District	Frankfort Community Schools (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$19,325.00 (+18.92%)	$603,500 Land $169,700 Building $433,800	$603,500 Land $169,700 Building $433,800
2024	$16,250.00 (-1.66%)
2023	$16,525.00 (-7.94%)	$503,000 (-8.48%) Land $169,700 Building $333,300	$503,000 (-8.48%) Land $169,700 Building $333,300
2022	$17,951.00	$549,600 Land $169,700 Building $379,900	$549,600 Land $169,700 Building $379,900

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

FEMA maps place 2488 E State Rd 28 in Zone X, an area of minimal flood risk, though there have been 3 flood claims nearby since 2009.

Source: FEMA National Flood Hazard Layer, effective November 5, 2020 · 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	3 in force
Nearby Flood Claims	3 (2009–2013)
Claims Outside the SFHA	2 of 3
Most Recent Claim	Apr 2013 · other causes

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

Wildfire risk around 2488 E State Rd 28 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 Risk	Low lower than 99.1% of the US · lower than 94% of Indiana
Wildfire Likelihood	Under 0.01% annual chance
Exposure	None 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 System	FRANKFORT WATER WORKS serves 16,422 people · EPA ID IN5212003
Water Source	Groundwater
Last State Inspection	Feb 2025
Lead	Under 1 ppb (2024–2026) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	1 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.

Internet Providers

Source: FCC Broadband Data Collection, based on 42 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Xfinity Cable	2,000 / 250
Verizon Fixed Wireless	300 / 20
On-Ramp Indiana Fixed Wireless	100 / 20

May also be available: AT&T, Nextlink.

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