1511 N Meridian Street Portland, IN $ 499,000
1511 N Meridian Street
$ 499,000
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1511 N Meridian Street

Portland, IN, 47371
$ 499,000
Bedrooms-- Baths2.0 Sq 2,554

Monthly Estimate*

$ 3,072

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Commercial Property for sale in Portland, IN

for $499,000 with 2 full baths. This 2,554 square foot building was built in 1975 on a lot size of 0.66.

Turnkey restaurant opportunity located on a highly visible and large corner lot along a major highway in Portland. This fully remodeled commercial building offers excellent traffic counts, outstanding exposure, and a convenient drive-up window. The property features a spacious asphalt parking lot with easy access, making it ideal for dine-in, carryout, or drive-through service. The building has been extensively updated and is truly move-in ready. Improvements include new exterior paint, expanded and newly paved parking lot, updated electrical, new HVAC systems, new plumbing, new drywall, brand new bathrooms, and a fully updated dining area with new booths. Additional features include a walk-in cooler and a new storage shed for added functionality. With its prime location, high visibility, and turnkey restaurant setup, this property offers an outstanding opportunity for restaurant operators, franchise concepts, or investors. Offered at $499,000.

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Commercial Active

Price

$ 499,000

Full Bath

2

Property Type

Commercial

Taxes

$ 20

Style

Restaurant/Bar

Lot Size

0.66

Year Built

1975

Town/City

Portland

County/Region

Jay

MLS | Web ID

202608608

Features
General
Heating Forced Air
Cooling Central Air
Ceiling Height 12
Roof Metal
Parking Yes Lot Paved Private
Sewer City
# of Buildings 1
Status Active Active
Bathrooms 2
Year Built 1975
New Construction No
Subdivision Other
Stories Count 1
Township Wayne
Class COMMERCIAL
Present Use Vacant-Best for Owner/Usr
Type Restaurant/Bar
Age 51
Inside City Limits Yes
Special Features Public Restrooms Reception Area Other Refrigeration/Freezer
REO No
Status Detail 0
Area Jay County
Location City
City Portland
Legal Description PT SW 1/4 NW 1/4 115' X 250.40' S16 T23 R14
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202608608
Agent First Name Matt
Agent Last Name Tarter
DOM 1
Tax Year 2026
Restrictions Other See Remarks
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Exterior
Road Surface Paved
Road Access City
Exterior Aluminum
Driveway Asphalt
Number of Parking Spaces 30
Lot Size Area 28750
Lot Dimensions x
Parking Type Paved Lot
Fence None
Waterfront Y/N No
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Interior
Flooring Laminate
Basement/Foundation Slab
Walls Drywall
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* Excluded Features
List By
Matt Tarter

Listing Agent

Tarter Realty Auction And Appraisal Company

Broker

matt@teamtarter.com

Email

Affordability Calculator

$3,074
Per Month
100%
0%
0%
Monthly Principal & Interest
$3,072
Monthly Property Taxes
$2
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
1237469 Elementary School
1237627 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/16/2026$499,000 Listed Price

Map


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1511 N Meridian Street, Portland, IN, 47371 is a Commercial Property for sale at $499,000 with 2,554 sqft and a lot size of 0.66. 1511 N Meridian Street has 2.0 baths and was built in 1975. The property's zip code is 47371 which is in Portland, IN