5227 Commerce Sq Dr, Indianapolis, IN 46237 Property Records

Marion County property record for 5227 Commerce Sq Dr, Indianapolis, IN 46237

Property Summary

Property Type	Light Industrial
Details	19,670 sqft · built 1991
Lot Size	1.81 acres (78,984 sqft)
Owner	Company Name on Record
Tax Bill	$17,839 (2024)
Deeds & Mortgages	Sep 2022 Mortgage
Flood Zone	Zone X (minimal risk)
APN	`49-15-15-107-001.000-300`

Property Details

APN / Parcel Number

Primary APN	`49-15-15-107-001.000-300`
Alternative APN	`3010648`

Interior

Stories	1 Story
Building Area	19,670 sqft Gross Area
1st Floor Area	19,670 sqft

Exterior

Year Built	Built 1991
Effective Year Built	Effective 1991
Exterior Material	Concrete Block
Construction Type	Metal Frame
Lot Area	78,984 sqft (1.81 acres)
View / Lot	Restrictions

Utilities, Heating & Cooling

Cooling System	HVAC
Heating System	HVAC

Location & Zoning

Street Address	5227 COMMERCE SQUARE DR
City	INDIANAPOLIS
State	IN
Zip	46237-9802
Property Category	Industrial
Property Type	Industrial > Light Industrial
Local Zoning Code	ZO01
Legal Description	PT SW1/4 SW1/4 S15 T14 R4 BEG 951 N 890 E & 35 SOF SW COR P.O.B. E310 S249.68 W310.08 N257.98TO BEG257.98 TO BEG
Legal Range	4
Legal Township	14
Legal Section	15
Jurisdiction	MARION IN
Township / Civil Division	FRANKLIN
Census Block Group	2
Census Block	2008
Census Tract	390405

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	241 N PENNSYLVANIA ST, 300, INDIANAPOLIS, IN 46204-2408
Owner Type	Company
Vesting	Limited Liability Company

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Sep 13, 2022
Deed Sale	Sep 13, 2022
Deed Document Number	2022101972
Prior Transfer Date	Aug 12, 2009
Prior Transfer Doc	0000105967
Record Updated	Sep 20, 2026

September 2022: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MARION IN
Property Address	5227 COMMERCE SQUARE DR, INDIANAPOLIS, IN 46237-9802
Transaction Type	Mortgage
Record Updated	Oct 5, 2022

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0000103335
Date	Sep 16, 2022
Instrument	A202200103335

Lender

Name	STATE BANK
Type	Bank

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded
Term	360 Months
Due	Aug 26, 2052

Interest

Rate Type	Adjustable Rate

Tax Assessment & Valuation

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

Property Jurisdictions

Type	Name
State	Indiana
County	Marion County
County Subdivision	Franklin Township
Consolidated City	Indianapolis City
Unified School District	Franklin Township Community School Corporation (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025		$696,700 (+0.39%) Land $406,300 Building $290,400	$696,700 (+0.39%) Land $406,300 Building $290,400
2024	$17,839.00 (+4.2%)
2023	$17,120.00 (+12.58%)	$694,000 (+24.87%) Land $406,300 Building $287,700	$694,000 (+24.87%) Land $406,300 Building $287,700
2022	$15,207.00	$555,800 Land $304,000 Building $251,800	$555,800 Land $304,000 Building $251,800

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

Provider	Max Down / Up (Mbps)
AT&T Fiber	5,000 / 5,000
Xfinity Cable · Fiber in parts of the area	2,000 / 250

May also be available: Metronet, Verizon.

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