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    1616 N Meridian St Portland, IN 47371

    For Sale
    $299,900

    Sport & Entertainment, Recreational - Portland, IN

    Lot size:
    1.87 Acres
    Days on Market:
    11
    Last Refresh:
    Dec 5 at 12:06 am

    Property Features for 1616 N Meridian St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Kitchen, Office
    Bathrooms
    2
    APN
    38-07-17-100-016.000-034
    Parking features
    Paved or Surfaced
    Interior features
    Drywall, Public Restrooms, Ansel System
    Exterior features
    Public Restrooms, Ansel System
    Lot size
    1.87 Acres

    Utilities

    Heating system
    Forced Air, Oil
    Cooling system
    Central Air

    Building Details

    Year built
    1963
    Floors in Building
    1
    Flooring type
    Carpet, Vinyl, Wood
    Building materials
    Block
    Roof type
    Rubber
    Architectural style
    Other

    David M Tarter (765) 595-8155 [email protected]

    Listing agent Paul Faddis (765) 595-8155 License #RB15000347

    Listing date Nov 25, 2025

    MLS# 202525847 Listing URL

    Copyright © 2025 Mid-Eastern Indiana Association of Realtor MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Bowling Alley Business Opportunity

    This commercial property features a bowling business in a high-traffic area of Portland, Indiana. The property includes 12 lanes, two deep fryers, and two pizza ovens in the kitchen. It also offers multiple office areas and two bathrooms. Situated close to thriving businesses and local amenities, the property benefits from great visibility and ample parking. The lot size is 1.87 acres. This location and size make it a solid investment as an entertainment venue.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bowling alleys

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Jay
    State
    Indiana
    Longitude
    -84.979138
    Latitude
    40.450752

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    FAQs

    What type of property is this?
    Bowling alley - Commercial property and bowling business in high-traffic Portland, Indiana area.
    Where is this bowling alley located?
    The property is located at 1616 N Meridian St Portland, IN.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: - High-traffic location in Portland, IN, offering great visibility and accessibility.; - Established bowling business included, presenting an immediate income opportunity.; - Equipped kitchen with **two deep fryers and two pizza ovens.**
    (765) 595-8155
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    Portland, IN 47371
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1616 N Meridian St Portland, IN 47371
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