Listing courtesy of Tarter Realty Auction and Appraisal Company · Listing agent: Matt Tarter
1511 N Meridian Street
$499,000
$195.38 / sq ft
Portland, IN 47371
Estimate your monthly payment- Bathrooms
- 2
- Lot
- 0.66 ac
- Year built
- 1975
- Type
- Commercial Sale
- Listed
- March 16, 2026
- MLS #
- 202608608
About this home
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.
Property details
Interior
- Stories
- 1
- Finished area above grade
- 2,554 sq ft
- Basement
- Slab
- Flooring
- Laminate
- Heating
- Forced Air
- Cooling
- Central Air
Exterior & parking
- Construction
- Aluminum Siding
- Roof
- Metal
- Parking
- Asphalt, Parking Lot, Paved, Private
- New construction
- No
Waterfront & lake
- Waterfront
- No
Lot
- Lot size (acres)
- 0.66 ac
- Lot dimensions
- x
- Location type
- City
- Inside city limits
- Yes
- County
- Jay County
- Township
- Wayne
- Current use
- Restaurant
- Road frontage
- City Street
- Road surface
- Paved
- Easements
- Other See Remarks
- Restrictions
- Other See Remarks
- Platted
- Yes
- Planned unit development
- No
- Directions
- Hwy 28 to Hwy 67 to Portland. North Hwy 27 to property.
Taxes & terms
- Annual taxes
- $20
- Tax year
- 2026
- Tax abatement
- No
- Possession
- Negotiable
- Parcel number
- 38-07-16-200-016.000-034
Included in the sale
- Included in sale
- Building,Land
Utilities
- Water
- City
- Sewer
- Public Sewer
- Utilities
- Electric Hook-Up, Mun. Sewer to Site, Mun. Water Hook-Up
Income & commercial
- Parking spaces
- 30
- Water meters
- 1
- Ceiling height
- 12