401 E 38th St, Indianapolis, IN 46205 Property Records

Marion County property record for 401 E 38th St, Indianapolis, IN 46205

Property Summary

Property Type	Commercial
Details	7,611 sqft · built 1920
Lot Size	0.14 acres (6,100 sqft)
Owner	Company Name on Record
Last Sale	$321,000 (Nov 2021)
Tax Bill	$10,068 (2024)
Deeds & Mortgages	Nov 2023 Mortgage Nov 2021 Sale & Mortgage + 1 more
Flood Zone	Zone X (minimal risk)
APN	`49-06-24-154-017.000-101`

Property Details

APN / Parcel Number

Primary APN	`49-06-24-154-017.000-101`
Alternative APN	`1030071`

Interior

Units	8 Units
Stories	2 Stories
Building Area	7,611 sqft Total Area
1st Floor Area	2,537 sqft

Exterior

Year Built	Built 1920
Effective Year Built	Effective 1990
Exterior Material	Brick
Construction Type	Frame
Lot Area	6,100 sqft (0.14 acres)
Utility Building	7,611 sqft

Location & Zoning

Street Address	401 E 38TH ST
City	INDIANAPOLIS
State	IN
Zip	46205-2660
Property Category	Commercial
Property Type	Commercial > Retail
Local Zoning Code	ZO01
Legal Description	WACEMA PLACE WASHINGTON PARK ADD L34
Legal Subdivision	WACEMA PLACE WASHINGTON PARK ADD
Legal Lot Number	34
Jurisdiction	MARION IN
Township / Civil Division	CENTER
Census Block Group	3
Census Block	3011
Census Tract	350400

Owner

Source: Marion County records, as of April 14, 2026

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

Owner of Record	Company Name on Record
Mailing Address	1075 BROAD RIPPLE AVE, INDIANAPOLIS, IN 46220-2034
Owner Type	Company
Vesting	Limited Liability Company

Deeds, Mortgages & Sale History

Date	Document
Nov 6, 2023	Deed of Trust, Mortgage · Commercial Mortgage ELEMENTS FINANCIAL FCU
Nov 3, 2021	Warranty Deed, Transfer · Commercial Mortgage FINANCE AMERICA COMMERCIAL LLC
Dec 23, 2020	Quit Claim Deed, Transfer NOT AVAILABLE

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Nov 3, 2021 · Amount on Record
Deed Sale	Nov 3, 2021 · Amount on Record
Prior Sale	Mar 17, 2021
Deed Document Number	2021146804
Prior Transfer Date	Dec 21, 2020
Prior Transfer Doc	0000153317
Record Updated	Sep 20, 2026

November 2023: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MARION IN
Property Address	401 E 38TH ST, INDIANAPOLIS, IN 46205-2660
Transaction Type	Mortgage
Record Updated	Jan 29, 2024

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0000092555
Date	Nov 6, 2023
Instrument	A202300092555

Lender

Name	ELEMENTS FINANCIAL FCU
Type	Credit Union

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded
Term	60 Months
Due	Nov 2, 2028

November 2021: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	MARION IN
Recording Date	Nov 3, 2021
Property Address	401 E 38TH ST, INDIANAPOLIS, IN 46205-2660
Document Number	0000146804
Map Reference	PB 17 PG 23
Instrument Date	Oct 18, 2021
Instrument	A202100146804
Transaction Type	Transfer
Record Updated	Jan 29, 2024

Transaction

Amount	Amount Recorded
Loan-to-Value (LTV)	LTV on Record
Tax	$0.00
Amount Accuracy	Verified / From Affidavit
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	9465 COUNSELORS ROW STE 200, 200, INDIANAPOLIS, IN 46240-3817

Mortgage

Document Number	0000146805
Date	Nov 3, 2021
Instrument	A202100146805

Lender

Name	FINANCE AMERICA COMMERCIAL LLC
Type	Funding / Finance Company

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded

Interest

Rate Type	Fixed Rate

December 2020: Quit Claim Deed, Transfer

Document Type	Quit Claim Deed
Jurisdiction	MARION IN
Recording Date	Dec 23, 2020
Property Address	401 E 38TH ST, INDIANAPOLIS, IN 46205-2660
Document Number	0000153317
Instrument Date	Dec 21, 2020
Instrument	153317
Transaction Type	Transfer
Record Updated	Jan 11, 2021
Title Company	NOT AVAILABLE

Transaction

Tax	$0.00
Additional	Quitclaim Intrafamily Transfer

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	456 N MERIDIAN ST #X INDIANAPOLIS IN 462041796, X, INDIANAPOLIS, IN 46204-1796

Tax Assessment & Valuation

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

Property Jurisdictions

Type	Name
State	Indiana
County	Marion County
County Subdivision	Center Township
Consolidated City	Indianapolis City
Unified School District	Indianapolis Public Schools (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025		$426,600 (+52.09%) Land $59,300 Building $367,300	$426,600 (+52.09%) Land $59,300 Building $367,300
2024	$10,068.00 (+51.33%)
2023	$6,653.00 (-31.91%)	$280,500 (+10.22%) Land $59,300 Building $221,200	$280,500 (+10.22%) Land $59,300 Building $221,200
2022	$9,771.00 (+164.58%)	$254,500 Land $59,300 Building $195,200	$254,500 Land $59,300 Building $195,200
2021	$3,693.00

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 Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Nearby Flood Claims	1 (2010)
Claims Outside the SFHA	1 of 1
Most Recent Claim	Jul 2010 · rainfall accumulation

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	CITIZENS WATER - INDIANAPOLIS serves 880,345 people · EPA ID IN5249004
Water Source	Surface water
Last State Inspection	May 2024
Lead	3 ppb (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	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 633 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
AT&T Fiber · DSL · Fixed Wireless in parts of the area	5,000 / 5,000
Spectrum Cable	1,000 / 1,000
Verizon Fixed Wireless	1,000 / 75

May also be available: T-Mobile, Xiber.

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