Owen County property record for 405 E Franklin St, Spencer, IN 47460
| Property Type | Restaurant |
|---|---|
| Details | 4,077 sqft · built 1987 |
| Lot Size | 0.335 acres (14,593 sqft) |
| Owner | Company Name on File |
| Tax Bill | $4,129 (2025) |
| Deeds & Mortgages | Mar 2023 Transfer Nov 2020 Line of Credit |
| Flood Zone | Zone X (minimal risk) |
| APN | 60-10-21-300-400.247-028 |
| Primary APN | 60-10-21-300-400.247-028 |
|---|---|
| Alternative APN |
|
| Plumbing Fixtures | 5 Plumbing Fixtures |
|---|---|
| Stories | 1 Story |
| Building Area | 4,077 sqft Total Area |
| 1st Floor Area | 4,077 sqft |
| Year Built | Built 1987 |
|---|---|
| Effective Year Built | Effective 1995 |
| Fire Resistance | Masonry Walls, Wood Interior |
| Lot Area | 14,593 sqft (0.335 acres) |
| Lot Dimensions | 143 ft deep x 102 ft wide |
| Shed | 1 Shed |
| Shed Area | 60 sqft |
| Heating Fuel | Gas |
|---|---|
| Sewer | Connected |
| Account Number | 00001034761 |
|---|---|
| Street Address | 405 E FRANKLIN ST |
| City | SPENCER |
| State | IN |
| Zip | 47460-1823 |
| Property Category | Commercial |
| Property Type | Commercial > Retail > Restaurant |
| Legal Description | WARKS ADD LOTS 16, 17 & 18 |
| Legal Subdivision | WARKS ADD |
| Legal Lot Number | 16-17 |
| Jurisdiction | OWEN IN |
| Township / Civil Division | WASHINGTON |
| Census Block Group | 4 |
| Census Block | 4025 |
| Census Tract | 955800 |
405 E Franklin St, a commercial property, is owned by a company that acquired it in March 2023.
Source: Owen County records, as of June 23, 2026
| Owner of Record | Company Name on File |
|---|---|
| Mailing Address | 3568 E BRYN MAWR DR, BLOOMINGTON, IN 47401-7888 |
| 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.
| Date | Document |
|---|---|
| Mar 31, 2023 | Quit Claim Deed, Transfer Quitclaim |
| Nov 16, 2020 | Deed of Trust, Mortgage · Line of Credit OLD NATIONAL BANK |
| Deed Names | Name on Deed |
|---|---|
| Last Sale | Mar 31, 2023 |
| Deed Sale | Mar 31, 2023 |
| Prior Sale | Oct 14, 2016 · Amount on File |
| Deed Document Number | 2023232583 |
| Prior Transfer Date | Mar 30, 2023 |
| Prior Transfer Doc | 0000232583 |
| Record Updated | Sep 20, 2026 |
| Document Type | Quit Claim Deed |
|---|---|
| Jurisdiction | OWEN IN |
| Recording Date | Mar 31, 2023 |
| Property Address | 405 E FRANKLIN ST, SPENCER, IN 47460-1823 |
| Document Number | 0000232583 |
| Map Reference | DD 66 PG 282 |
| Instrument Date | Mar 30, 2023 |
| Instrument | 232583 |
| Transaction Type | Transfer |
| Record Updated | Apr 13, 2023 |
| Tax | $0.00 |
|---|---|
| Additional |
|
| Name | Verified Name |
|---|---|
| Address | 3568 E BRYN MAWR DR, BLOOMINGTON, IN 47401-7888 |
| Name | Verified Name |
|---|
| Document Type | Deed of Trust |
|---|---|
| Jurisdiction | OWEN IN |
| Property Address | 405 E FRANKLIN ST, SPENCER, IN 47460-1823 |
| Transaction Type | Mortgage |
| Record Updated | Feb 5, 2021 |
| Name | Verified Name |
|---|
| Document Number | 222541 |
|---|---|
| Date | Nov 16, 2020 |
| Instrument | 222541 |
| Name | OLD NATIONAL BANK |
|---|---|
| Type | Bank |
| Address | MUNCIE, IN 47305 |
| Type | Line of Credit |
|---|---|
| Amount | Amount on Record |
| Term | 59 Months |
| Due | Oct 30, 2025 |
The 2025 property tax bill for 405 E Franklin St was $4,129, up 21.6% from the year before.
Source: Owen County assessment roll, as of June 23, 2026
| Type | Name |
|---|---|
| State | Indiana |
| County | Owen County |
| County Subdivision | Washington Township |
| Municipality | Spencer Town |
| Unified School District | Spencer-Owen Community Schools (PK - 12) |
| Year | Tax Bill | Assessed Value | Assessed Market Value |
|---|---|---|---|
| 2025 | $4,129.00 (+21.58%) | $205,500 Land $26,900 Building $178,600 | $205,500 Land $26,900 Building $178,600 |
| 2024 | $3,396.00 (-3.9%) | ||
| 2023 | $3,534.00 (-28.55%) | $151,000 Land $25,300 Building $125,700 | $151,000 Land $25,300 Building $125,700 |
| 2022 | $4,946.00 |
Assessed value and assessed market value are set for property tax purposes and are not market price estimates.
FEMA maps place 405 E Franklin St in Zone X, an area of minimal flood risk, within 500 ft of a high-risk flood zone.
Source: FEMA National Flood Hazard Layer, effective August 9, 2019 · OpenFEMA NFIP redacted claims and policies, as of September 2026
| FEMA Flood Zone | Zone X minimal risk |
|---|---|
| Nearest Special Flood Hazard Area | Zone AE, within 500 ft |
| Flood Insurance Requirement | Not required lenders may require it |
| Flood Insurance Cost | Premium on File median of 14 policies |
| Nearby Flood Policies | 14 in force |
| Nearby Flood Claims | 49 (1993–2025) |
| Claims Outside the SFHA | 3 of 49 |
| Most Recent Claim | Apr 2025 · Severe Storms, Straight-line Winds, Tornadoes, And Flooding |
| Claims by Event |
|
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 risk around 405 E Franklin St is low, with 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 80% of the US · above 73% of Indiana |
|---|---|
| Wildfire Likelihood | 0.01% annual chance |
| Exposure | Indirect within ember reach |
| Adjoins Burnable Land | Yes |
Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.
Source: EPA Safe Drinking Water Information System, as of September 2026
| Water System | BBP WATER COMPANY serves 9,903 people · EPA ID IN5260001 |
|---|---|
| Water Source | Groundwater |
| Last State Inspection | Aug 2025 |
| Lead | 2 ppb (2021–2023) action level 15 ppb |
| Water Quality | None last 10 years |
|---|---|
| Treatment and Procedure | None last 10 years |
| Monitoring and Reporting | 3 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.
Source: FCC Broadband Data Collection, based on 121 locations within half a mile, as of December 31, 2025
| Provider | Max Down / Up (Mbps) |
|---|---|
| Xfinity Cable | 1,200 / 35 |
| Starlink Satellite | 280 / 30 |
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