8241 US 31, Indianapolis, IN 46227 Property Records

Marion County property record for 8241 US 31, Indianapolis, IN 46227

Property Summary

Property Type	Retail Stores (Personal Services, Photography, Travel)
Details	3,316 sqft · built 1988
Lot Size	0.668 acres (29,098 sqft)
Owner	Company Name on Record
Last Sale	$1,635,000 (Jul 2020)
Tax Bill	$23,932 (2025)
Deeds & Mortgages	May 2021 Mortgage Jul 2020 Sale & Line of Credit
Flood Zone	Zone AE (high risk)
APN	`49-15-19-113-003.000-500`

Property Details

APN / Parcel Number

Primary APN	`49-15-19-113-003.000-500`
Alternative APN	`5032506`

Interior

Stories	1 Story
Building Area	3,316 sqft Gross Area
1st Floor Area	3,316 sqft
Fire Sprinklers	Fire Sprinklers

Exterior

Year Built	Built 1988
Effective Year Built	Effective 2000
Exterior Material	Concrete Block
Construction Type	Frame
Fire Resistance	Wood or Wood & Steel Frame
Lot Area	29,098 sqft (0.668 acres)

Location & Zoning

Street Address	8241 US 31
City	INDIANAPOLIS
State	IN
Zip	46227-6228
Property Category	Commercial
Property Type	Commercial > Retail > Retail Stores (Personal Services, Photography, Travel)
Local Zoning Code	ZO01
Legal Description	668AC OUTLOT #3
Legal Range	4
Legal Township	14
Legal Section	19
Legal Lot Number	3
Jurisdiction	MARION IN
Township / Civil Division	PERRY
Census Block Group	1
Census Block	1003
Census Tract	381203

Owner

Source: Marion County records, as of October 13, 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	24536 ALTA LOMA CT, LAGUNA HILLS, CA 92653-6217
Owner Type	Company
Vesting	Limited Liability Company

Deeds, Mortgages & Sale History

Date	Document
May 7, 2021	Deed of Trust, Mortgage · Commercial Mortgage UNITED BUSINESS BANK
Jul 21, 2020	Grant Deed, Transfer · Line of Credit RAISELI FNDG LLC

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Jul 21, 2020 · Amount on Record
Deed Sale	Jul 21, 2020 · Amount on Record
Prior Sale	Jun 30, 2005 · Amount on Record
Deed Document Number	202076261
Record Updated	Oct 29, 2026

May 2021: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MARION IN
Property Address	8241 US 31, INDIANAPOLIS, IN 46227-6228
Transaction Type	Mortgage
Record Updated	Jun 23, 2026
Title Company	STEWART TITLE

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0000060413
Date	May 7, 2021
Instrument	A202100060413

Lender

Name	UNITED BUSINESS BANK
Type	Bank

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded
Term	120 Months
Due	Apr 29, 2031

Interest

Rate Type	Adjustable Rate

July 2020: Grant Deed, Transfer

Document Type	Grant Deed
Jurisdiction	MARION IN
Recording Date	Jul 21, 2020
Property Address	8241 US 31 S, INDIANAPOLIS, IN 46227-6228
Document Number	0000076261
Instrument Date	Jul 15, 2020
Instrument	76261
Transaction Type	Transfer
Record Updated	Dec 4, 2020
Title Company	ATTORNEY ONLY

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$0.00
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	24536 ALTA LOMA CT LAGUNA HILLS CA 926536217, LAGUNA HILLS, CA 92653-6217

Mortgage

Document Number	76262
Date	Jul 21, 2020
Instrument	76262

Lender

Name	RAISELI FNDG LLC
Address	CARLSBAD, CA 92008

Agreement

Type	Line of Credit
Amount	Amount Recorded

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	Perry Township
Consolidated City	Indianapolis City
Unified School District	Perry Township Metropolitan School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$23,932.00 (+1.86%)	$847,700 (+0.8%) Land $288,100 Building $559,600	$847,700 (+0.8%) Land $288,100 Building $559,600
2024	$23,494.00 (-0.01%)
2023	$23,497.00 (-0.3%)	$841,000 (-) Land $288,100 Building $552,900	$841,000 (-) Land $288,100 Building $552,900
2022	$23,567.00	$841,000 Land $288,100 Building $552,900	$841,000 Land $288,100 Building $552,900

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 Zone	Zone AE high risk
100-Year Floodplain	Yes 1% annual chance
Floodway	Yes
Base Flood Elevation	Varies along the reach; see FIRM
Flood Insurance Requirement	Required federally backed loans
Community Rating System	Class 8 (10% premium discount)
Nearby Flood Policies	7 in force
Nearby Flood Claims	12 (2007–2013)
Claims Outside the SFHA	1 of 12
Most Recent Claim	Dec 2013 · rainfall accumulation
Claims by Event	Severe Storms, Flooding, And Tornadoes, Jun 2008 · 5 claims

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 Risk	Not 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 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 111 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
Xfinity Cable	1,200 / 35
Verizon Fixed Wireless	1,000 / 75

May also be available: Metronet.

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