1511 N Meridian ST, Portland, IN 47371
1511 N Meridian ST, Portland, IN 47371
1511 N Meridian ST, Portland, IN 47371
1511 N Meridian ST, Portland, IN 47371
1511 N Meridian ST, Portland, IN 47371
1511 N Meridian ST, Portland, IN 47371
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Kegan Inman

Kegan Inman

Inman Realty Company LLC

+1(812) 798-0204
Listed by Matt Tarter • Tarter Realty Auction and Appraisal Company
$ 499,000
Est. payment | /mo

2 Baths

0.66 Acres Lot

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$ 499,000
Est. payment | /mo
Save Virtual Tour

2 Baths

0.66 Acres Lot

Key Details

Property Type Commercial

Sub Type Restaurant

Listing Status Active

Purchase Type For Sale

MLS Listing ID IRM202608608

HOA Y/N No

Year Built 1975

Annual Tax Amount $20

Tax Year 2026

Lot Size 0.660 Acres

Acres 0.66

Lot Dimensions x

Property Sub-Type Restaurant

Property Description

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.

Location

State IN

County Jay County

Rooms

Basement Slab

Interior

Heating Forced Air

Inclusions Building, Land

Fireplace N

Exterior

Parking Features Asphalt, Parking Lot, Paved, Private

Fence None

View Y/N true

Total Parking Spaces 30

Building

Sewer Public Sewer

Water City

New Construction No

Others

Pets Allowed No

Tax ID 38-07-16-200-016.000-034

Acceptable Financing IRM202608608

Listing Terms IRM202608608

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/irmls/202608608

Indiana Regional MLS (IRMLS)
IDX information provided by the Indiana Regional MLS. © 2026 Listings courtesy of Indiana Regional MLS as distributed by MLS GRID. All Rights Reserved.

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1511 N Meridian ST

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Kegan Inman
Kegan Inman

Managing Broker Indiana RB22002037

+1(812) 798-0204 | kegan@inmanrealty.com

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