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5981 E 86th St, Indianapolis, IN 46250 Property Records

Marion County property record for 5981 E 86th St, Indianapolis, IN 46250

Property Summary

Property TypeRegional Shopping Center, Mall
Details44,611 sqft · built 1987
Lot Size4.48 acres (195,236 sqft)
OwnerCompany Name on Record
Last Sale$2,450,000 (Dec 2017)
Tax Bill$51,590 (2024)
Deeds & MortgagesDec 2017 Sale
Flood ZoneZone X (minimal risk)
APN49-02-22-126-024.000-400

Property Details

APN / Parcel Number

Primary APN49-02-22-126-024.000-400
Alternative APN
  • 4025711

Interior

Stories1 Story
Building Area44,611 sqft Gross Area
1st Floor Area44,611 sqft

Exterior

Year BuiltBuilt 1987
Effective Year BuiltEffective 1996
Exterior MaterialConcrete Block
Construction TypeFrame
Fire ResistanceMasonry Walls, Wood Interior
Lot Area195,236 sqft (4.48 acres)
Total Buildings2 Buildings

Location & Zoning

Street Address5981 E 86TH ST
CityINDIANAPOLIS
StateIN
Zip46250-3504
Property CategoryCommercial
Property TypeCommercial > Retail > Regional Shopping Center, Mall
Local Zoning CodeZO01
Legal DescriptionPT NW1/4 NW1/4 S22 T17 R4 BEG 223 E & 87.7 S OFNW COR S 300 E 632.81 N 310 W IRR 629.58 TOBEG 4.482AC
Legal Range4
Legal Township17
Legal Section22
JurisdictionMARION IN
Township / Civil DivisionLAWRENCE
Census Block Group2
Census Block2025
Census Tract330105

Owner

Source: Marion County records, as of April 7, 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 Address5875 CASTLE CREEK PARKWAY NORTH DR, 210, INDIANAPOLIS, IN 46250-4328
Owner TypeCompany
VestingCompany

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed NamesName on Deed
Last SaleDec 4, 2017 · Amount on Record
Deed SaleDec 4, 2017 · Amount on Record
Prior SaleNov 29, 2017 · Amount on Record
Deed Document Number2017134636
Record UpdatedJun 8, 2026

December 2017: Grant Deed, Transfer

Document TypeGrant Deed
JurisdictionMARION IN
Recording DateDec 4, 2017
Property Address5981 E 86TH ST, INDIANAPOLIS, IN 46250-3504
Document Number0000134636
Instrument DateNov 29, 2017
Instrument134636
Transaction TypeTransfer
Record UpdatedDec 8, 2017
Title CompanyATTORNEY ONLY

Transaction

Tax$0.00
Additional
  • Arm's Length

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipCompany
Address5875 CASTLE CREEK PKWY #210 INDIANAPOLIS IN 46250, 210, INDIANAPOLIS, IN 46250

Tax Assessment & Valuation

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

Property Jurisdictions

TypeName
StateIndiana
CountyMarion County
County SubdivisionLawrence Township
Consolidated CityIndianapolis City
Unified School DistrictLawrence Township Metropolitan School District (PK - 12)

Tax Bill & Assessment History

YearTax BillAssessed ValueAssessed Market Value
2025$3,032,700 (+1.05%) Land $2,093,900 Building $938,800$3,032,700 (+1.05%) Land $2,093,900 Building $938,800
2024$51,590.00 (-3.71%)
2023$53,577.00 (-0.44%)$3,001,300 (-) Land $2,093,900 Building $907,400$3,001,300 (-) Land $2,093,900 Building $907,400
2022$53,816.00$3,001,300 Land $2,093,900 Building $907,400$3,001,300 Land $2,093,900 Building $907,400

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 ZoneZone X
minimal risk
Flood Insurance RequirementNot required
lenders may require it
Flood Insurance CostPremium on Record
median of 18 policies
Community Rating SystemClass 8 (10% premium discount)
Nearby Flood Policies18 in force
Nearby Flood Claims1 (1983)
Most Recent ClaimApr 1983 · 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 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 24 locations within half a mile, as of December 31, 2025

ProviderMax Down / Up (Mbps)
Metronet
Fiber		5,120 / 5,120
Xfinity
Cable		2,000 / 250

May also be available: AT&T, T-Mobile, Verizon.

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