5049 E 38th St, Indianapolis, IN 46218 Property Records

Marion County property record for 5049 E 38th St, Indianapolis, IN 46218

Property Summary

Property Type	Regional Shopping Center, Mall
Details	14,700 sqft · built 1989
Lot Size	1.12 acres (48,918 sqft)
Owner	Company Name on Record
Last Sale	$1,213,800 (Feb 2022)
Tax Bill	$19,173 (2025)
Deeds & Mortgages	Feb 2022 Mortgage Mar 2020 Line of Credit + 1 more
Flood Zone	Zone X (minimal risk)
APN	`49-07-21-113-153.000-101`

Property Details

APN / Parcel Number

Primary APN	`49-07-21-113-153.000-101`
Alternative APN	`1106497`

Interior

Stories	1 Story
Building Area	14,700 sqft Gross Area
1st Floor Area	14,700 sqft

Exterior

Year Built	Built 1989
Effective Year Built	Effective 2017
Exterior Material	Brick
Construction Type	Brick
Fire Resistance	Masonry Walls, Wood Interior
Lot Area	48,918 sqft (1.12 acres)

Location & Zoning

Street Address	5049 E 38TH ST
City	INDIANAPOLIS
State	IN
Zip	46218-1765
Property Category	Commercial
Property Type	Commercial > Retail > Regional Shopping Center, Mall
Local Zoning Code	ZO01
Legal Description	L1 HARPERS NORTH EAST HOME ADDITION L16-21 REPLAT EX P.O.B. E278.39 SE26.44 S17.25 NW42.83 W164.51 NW92.05 N12.14 TO BEG
Legal Subdivision	L1 HARPERS NORTH EAST HOME ADDITION
Legal Lot Number	1
Jurisdiction	MARION IN
Township / Civil Division	CENTER
Census Block Group	1
Census Block	1000
Census Tract	350600

Owner

Source: Marion County records, as of July 21, 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	1213 AMERICAN AVE, PLAINFIELD, IN 46168-3268
Owner Type	Company
Vesting	Company

Deeds, Mortgages & Sale History

Date	Document
Feb 24, 2022	Limited Warranty Deed, Transfer · Commercial Mortgage CINCINNATI FEDERAL S & L
Mar 5, 2020	Deed of Trust, Mortgage · Line of Credit SILVER HILL FNDG LLC
Oct 6, 2017	Quit Claim Deed, Transfer READYCAP COM'L

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Feb 24, 2022 · Amount on Record
Deed Sale	Feb 24, 2022 · Amount on Record
Deed Document Number	202223120
Record Updated	Sep 20, 2026

February 2022: Limited Warranty Deed, Transfer

Document Type	Limited Warranty Deed
Jurisdiction	MARION IN
Recording Date	Feb 24, 2022
Property Address	5049 E 38TH ST, INDIANAPOLIS, IN 46218-1765
Document Number	0000023120
Map Reference	IN 201900105480
Instrument Date	Feb 15, 2022
Instrument	A202200023120
Transaction Type	Transfer
Record Updated	Apr 3, 2026
Title Company	E-CHICAGO TITLE, CHICAGO TITLE

Transaction

Tax	$0.00
Additional	Arm's Length Multiple Parcels

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	1213 AMERICAN AVE, PLAINFIELD, IN 46168-3268

Mortgage

Document Number	0000023121
Date	Feb 24, 2022
Instrument	A202200023121

Lender

Name	CINCINNATI FEDERAL S & L
Type	Funding / Finance Company

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded
Term	301 Months
Due	Mar 1, 2047

Interest

Rate Type	Fixed Rate

March 2020: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MARION IN
Property Address	5049 E 38TH ST, INDIANAPOLIS, IN 46218-1765
Document Number	0000025326
Instrument Date	Mar 5, 2020
Transaction Type	Mortgage
Record Updated	May 19, 2021
Title Company	OLD REPUBLIC TITLE

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	47 S MERIDIAN ST #307 INDIANAPOLIS IN 462043558, 307, INDIANAPOLIS, IN 46204-3558

Mortgage

Document Number	0000025326
Date	Mar 9, 2020
Instrument	25326

Lender

Name	SILVER HILL FNDG LLC
Address	4425 PONCE DE LEON BLVD # 5TH, CORAL GABLES, FL 33146-1837

Agreement

Type	Line of Credit
Amount	Amount Recorded
Term	360 Months
Due	Mar 8, 2050

Interest

Rate Type	Adjustable Rate

October 2017: Quit Claim Deed, Transfer

Document Type	Quit Claim Deed
Jurisdiction	MARION IN
Recording Date	Oct 6, 2017
Property Address	5049 E 38TH ST, INDIANAPOLIS, IN 46218-1765
Document Number	0000113056
Instrument Date	Sep 25, 2017
Instrument	113056
Transaction Type	Transfer
Record Updated	May 19, 2021
Title Company	FIRST AMERICAN TITLE, FIRST AMERICAN TITLE INSURANCE

Transaction

Tax	$0.00
Additional	Quitclaim

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	47 S MERIDIAN ST #300 INDIANAPOLIS IN 462043558, 300, INDIANAPOLIS, IN 46204-3558

Mortgage

Document Number	113057
Date	Oct 6, 2017
Instrument	113057

Lender

Name	READYCAP COM'L
Address	1320 GREENWAY DR # 560, IRVING, TX 75038-7519

Agreement

Amount	Amount Recorded
Term	24 Months
Due	Oct 5, 2019

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	$19,173.00 (+13.39%)	$664,100 (+8.94%) Land $107,600 Building $556,500	$664,100 (+8.94%) Land $107,600 Building $556,500
2023	$16,909.00 (-10.76%)	$609,600 (-10.55%) Land $107,600 Building $502,000	$609,600 (-10.55%) Land $107,600 Building $502,000
2022	$18,948.00 (+3.66%)	$681,500 Land $107,600 Building $573,900	$681,500 Land $107,600 Building $573,900
2021	$18,279.00

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

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it

Values are read at the parcel center point; lenders make the official flood determination.

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	Direct burnable vegetation

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 441 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
AT&T Fiber · Fixed Wireless, DSL in parts of the area	5,000 / 5,000
Spectrum Cable · Fiber in parts of the area	1,000 / 1,000
Verizon Fixed Wireless	300 / 20

May also be available: T-Mobile.

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