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5240 Commerce Cir, Indianapolis, IN 46237 Property Records

Marion County property record for 5240 Commerce Cir, Indianapolis, IN 46237

Property Summary

Property TypeCommercial
Details7,000 sqft · built 1988
Lot Size0.82 acres (35,720 sqft)
OwnerCompany Name on Record
Last Sale$870,000 (May 2023)
Tax Bill$8,045 (2024)
Deeds & MortgagesMay 2023 Mortgage
Flood ZoneZone X (minimal risk)
APN49-15-15-107-024.000-300

Property Details

APN / Parcel Number

Primary APN49-15-15-107-024.000-300
Alternative APN
  • 3009892

Interior

Units3 Units
Stories1 Story
Building Area7,000 sqft Gross Area
1st Floor Area7,000 sqft

Exterior

Year BuiltBuilt 1988
Effective Year BuiltEffective 2009
Exterior MaterialConcrete Block
Construction TypeMetal Frame
Lot Area35,720 sqft (0.82 acres)

Utilities, Heating & Cooling

Cooling SystemHVAC
Heating SystemHVAC

Location & Zoning

Street Address5240 COMMERCE CIR
CityINDIANAPOLIS
StateIN
Zip46237-8551
Property CategoryCommercial
Property TypeCommercial > Retail
Legal DescriptionPT NW1/4 SW1/4 S15 T14 R4 BEG 1889.7FT N & 991.39FTE OF SW COR E 120.05FT S 299.16FT W 120FT N295.65FT TO BEG .82AC
Legal Range4
Legal Township14
Legal Section15
JurisdictionMARION IN
Township / Civil DivisionFRANKLIN
Census Block Group2
Census Block2008
Census Tract390405

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 RecordCompany Name on Record
Mailing Address5240 COMMERCE CIR, INDIANAPOLIS, IN 46237-8551
Owner TypeCompany
VestingLimited Liability Company

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed NamesName on Deed
Last SaleMay 5, 2023 · Amount on Record
Deed SaleMay 5, 2023 · Amount on Record
Deed Document Number202335551
Record UpdatedOct 29, 2026

May 2023: Limited Warranty Deed, Transfer

Document TypeLimited Warranty Deed
JurisdictionMARION IN
Recording DateMay 5, 2023
Property Address5240 COMMERCE CIR, INDIANAPOLIS, IN 46237-8551
Document Number0000035551
Map ReferenceIN 87-44330
Instrument DateMay 1, 2023
InstrumentA202300035551
Transaction TypeTransfer
Record UpdatedMay 31, 2023
Title CompanyATA NATIONAL TITLE

Transaction

Tax$0.00
Additional
  • Arm's Length

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name
Address5240 COMMERCE CIR, INDIANAPOLIS, IN 46237-8551

Mortgage

Document Number0000035552
DateMay 5, 2023
InstrumentA202300035552
Lender
NameFORUM CU
TypeCredit Union
Agreement
TypeCommercial Mortgage
AmountAmount Recorded
Term180 Months
DueMay 5, 2038
Interest
Rate TypeAdjustable Rate

Tax Assessment & Valuation

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

Property Jurisdictions

TypeName
StateIndiana
CountyMarion County
County SubdivisionFranklin Township
Consolidated CityIndianapolis City
Unified School DistrictFranklin Township Community School Corporation (PK - 12)

Tax Bill & Assessment History

YearTax BillAssessed ValueAssessed Market Value
2025$313,000 (-) Land $194,600 Building $118,400$313,000 (-) Land $194,600 Building $118,400
2024$8,045.00 (+4.2%)
2023$7,721.00 (-9.84%)$313,000 (-) Land $194,600 Building $118,400$313,000 (-) Land $194,600 Building $118,400
2022$8,564.00$313,000 Land $194,600 Building $118,400$313,000 Land $194,600 Building $118,400

Assessed value is set for property tax purposes, not a market price estimate; it is a fraction of this property's market value.

Flood

Source: FEMA National Flood Hazard Layer, effective June 7, 2026

FEMA Flood ZoneZone X
minimal risk
Flood Insurance RequirementNot 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 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 68 locations within half a mile, as of December 31, 2025

ProviderMax Down / Up (Mbps)
Xfinity
Cable · Fiber in parts of the area		2,000 / 250
Starlink
Satellite		280 / 30
T-Mobile
Fixed Wireless		100 / 20

May also be available: AT&T, Metronet, Verizon.

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