1616 N Meridian Street Portland, IN ^$ 299,900

1616 N Meridian Street

^$ 299,900

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1616 N Meridian Street

Portland, IN, 47371

^$ 299,900

Bedrooms-- Baths2.0 Sq 13,492

Monthly Estimate*

^$ 1,871

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Commercial Property for sale in Portland, IN

for $299,900 with 2 full baths. This 13,492 square foot building was built in 1963 on a lot size of 1.87.

Fantastic opportunity to own a spacious commercial property and bowling business in a high-traffic area of Portland, IN. This bowling alley offers endless potential with 12 lanes, two deep fryers, and two pizza ovens in the kitchen, multiple office areas, and two bathrooms. Close to thriving businesses and local amenities, the property has great visibility and ample parking. The location and size make it a solid investment as an entertainment venue.

Commercial Active

Price

^$ 299,900

Full Bath

Property Type

Commercial

Taxes

^$ 9,329

Style

Sport & Entertainment

Lot Size

1.87

Year Built

1963

Town/City

Portland

County/Region

Jay

MLS | Web ID

202525847

Features

General

Heating Oil Forced Air

Cooling Central Air

Ceiling Height 8'

Roof Rubber

Parking Yes Paved Private

Sewer City

# of Buildings 1

Status Active Active

Bathrooms 2

Year Built 1963

New Construction No

Subdivision None

Stories Count 1

Township Wayne

Class COMMERCIAL

Present Use Bus. Included w/Property

Type Sport & Entertainment

Age 62

Inside City Limits Yes

Special Features Public Restrooms Ansel System

REO Yes

Status Detail 0

Area Jay County

City Portland

Legal Description PT E 1/2 NE 1/4 S17 T23 R14 1.87A

Virtual Tour https://www.propertypanorama.com/instaview/irmls/202525847

Agent First Name Paul

Agent Last Name Faddis

DOM 172

Tax Year 2025

Exterior

Road Access City

Exterior Block

Driveway Asphalt

Lot Size Area 81457

Lot Dimensions 1.87 acres

Parking Type Asphalt Lot

Fence None

Water Features None

Waterfront Y/N No

Interior

Flooring Carpet Wood Vinyl

Basement/Foundation Crawl Slab

Walls Drywall

* Excluded Features

List By

Paul Faddis

Listing Agent

Tarter Realty Auction And Appraisal Company

Broker

paulfaddis@teamtarter.com

Affordability Calculator

$2,648

Per Month

Monthly Principal & Interest: $1,871
Monthly Property Taxes: $777
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Portland, IN

Average List Price ^$384,950

Percent of Sale Price 28%

About Portland, IN

6,224 Population

-3% Since 2002

^$37,165 Median Income

40.01 Median Age

29% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1237469 Elementary School

1237627 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/25/2025	$299,900	-14.29%	Price Down
10/17/2025	$349,900	-6.67%	Price Down
9/12/2025	$374,900	-6.25%	Price Down
9/5/2025	$399,900	-5.88%	Price Down
8/22/2025	$424,900	-5.56%	Price Down
7/3/2025	$449,900		Listed Price

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1616 N Meridian Street, Portland, IN, 47371 is a Commercial Property for sale at $299,900 with 13,492 sqft and a lot size of 1.87. 1616 N Meridian Street has 2.0 baths and was built in 1963. The property's zip code is 47371 which is in Portland, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the Multiple Listing Service of the Indiana Regional Multiple Listing Service.

The data relating to real estate for sale on this web site comes in part from the Indiana Regional Multiple Listing Service. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 12/24/2025.

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1616 N Meridian Street

Commercial Property for sale in Portland, IN

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