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1511 N Meridian Street

Portland, IN 47371
  • $499,000
  • STATUS: Active
  • ON SITE: 89 Days
  • MLS #: 22089023
UPDATED: 30 min ago
$499,000
  • 0
    BEDS
  • 0.66
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1975
County:
Jay

School Ratings & Info

School District:
Jay

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.

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© 2026 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or The Indy Property Source | Keller Williams Realty.

Based on information submitted to the MLS GRID as of 2026-06-14T09:24:57.603. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
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1511 N Meridian Street Portland, IN 47371

  • Price: $499,000
  • Status: Active
  • On Site: 89 Days
  • Updated: 30 min ago
  • MLS #: 22089023
0
Beds
0
Baths
0
½ Baths
0.66
Acres
1975
Built
Neighborhood:
3807 - Jay - Wayne
County:
Jay
Area:
3807 - Jay - Wayne
School District:
Jay
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.
Exterior Features

Parking Features CarportCommonConcreteStorage Road Frontage Type City StreetHighway Road Surface Type Asphalt Roof Metal View YN No Waterfront YN No

Interior Features

Building Area Total 2554 Cooling Central Air Heating Forced Air

Property Features

Acres 1/2-1 Acre Current Financing ConventionalFHAUSDAVA Current Use Restaurant Divisible No Dpr YN No Multi Tenants No New Construction YN No Possession Negotiable Possible Use RestaurantRetailVacant Property Sub Type Retail Security Features Smoke Detector(s) Semi Annual Property Tax Amt 20 Space Available 2554 Special Listing Conditions Shared Driveway Tax Year 2026 Township Wayne Transaction Type Sale Utilities Electricity ConnectedSewer ConnectedWater Connected Zoning HS

Listing provided courtesy of Tarter Realty Auction & Apprai: . © 2026 Metropolitan Indianapolis Board of REALTORS®. Information Deemed Reliable But Not Guaranteed.


© 2026 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or The Indy Property Source | Keller Williams Realty.

Based on information submitted to the MLS GRID as of 2026-06-14T09:24:57.603. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
 
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