3151 Madison Ave, Indianapolis, IN 46227 Property Records

Marion County property record for 3151 Madison Ave, Indianapolis, IN 46227

Property Summary

Property TypeCommercial Office
Details2,480 sqft · built 1945
Lot Size0.059 acres (2,605 sqft)
OwnerCompany Name on Record
Tax Bill$2,177 (2023)
Flood ZoneZone X (minimal risk)
APN49-11-25-117-001.133-501

Property Details

APN / Parcel Number

Primary APN49-11-25-117-001.133-501
Alternative APNs
  • 491125117120000574
  • 5001628

Interior

Stories2 Stories
Building Area2,480 sqft Total Area

Exterior

Year BuiltBuilt 1945
Construction TypeWood
Fire ResistanceWood or Wood & Steel Frame
Lot Area2,605 sqft (0.059 acres)
Shed1 Shed
Shed Area91 sqft

Location & Zoning

Account Number5001628
Old Parcel Number491125117120000574
Street Address3151 MADISON AVE
CityINDIANAPOLIS
StateIN
Zip46227-1160
Property CategoryCommercial
Property TypeCommercial > Office > Commercial Office
Local Zoning CodeZO01
Legal DescriptionGRASMERE 2ND SEC L228 EX 48.39FT E END & IRR.005AC N SIDE
Legal Range03
Legal Township15
Legal Section25
Legal SubdivisionGRASMERE 2ND SEC
Legal Lot Number228
JurisdictionMARION IN
Township / Civil DivisionPERRY
Census Block Group3
Census Block3010
Census Tract380200

Owner

Source: Marion County records, as of May 10, 2024

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

Owner of RecordCompany Name on Record
Mailing Address3205 MADISON AVE, INDIANAPOLIS, IN 46227-1127
Owner TypeCompany

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed NamesName on Deed
Record UpdatedJun 7, 2026

Tax Assessment & Valuation

Source: Marion County assessment roll, as of July 1, 2023

Property Jurisdictions

TypeName
StateIndiana
CountyMarion County
County SubdivisionPerry Township
Consolidated CityIndianapolis City
Unified School DistrictIndianapolis Public Schools (PK - 12)

Tax Bill & Assessment History

YearTax BillAssessed ValueAssessed Market Value
2023$2,177.00 (+11.53%)$79,600 (+11.8%) Land $5,700 Building $73,900$79,600 (+11.8%) Land $5,700 Building $73,900
2022$1,952.00$71,200 Land $5,700 Building $65,500$71,200 Land $5,700 Building $65,500

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

Flood

Source: FEMA National Flood Hazard Layer, effective June 7, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood ZoneZone X
minimal risk
Flood Insurance RequirementNot required
lenders may require it
Community Rating SystemClass 8 (10% premium discount)
Nearby Flood Policies2 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

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

Wildfire RiskNot 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 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 268 locations within half a mile, as of December 31, 2025

ProviderMax Down / Up (Mbps)
AT&T
Fiber · Fixed Wireless, DSL in parts of the area
5,000 / 5,000
Xfinity
Cable
2,000 / 250
Spectrum
Cable
1,000 / 1,000
Verizon
Fixed Wireless
300 / 20
T-Mobile
Fixed Wireless
100 / 20

May also be available: Xiber.

Nearby Properties on Madison Ave

Nearby Streets

Search Property Records by Address or Parcel Number