Turnkey Restaurant on Corner
For Sale
Contact for pricing
1511 N Meridian St, Portland, IN 47371
Remodeled restaurant with drive-up, high visibility, and ample parking.
Property Size2,554 SF
Price / SF$195.38
Days on Market155
Property Features for 1511 N Meridian St
General Information
Standard status
Active
Size
2,554 SF
Property subtype
Retail
Zoning
HS
Building Details
Year Built
1975
Year Renovated
2024
Buildings
1
Stories
1
Listing Agency:
Tarter Realty Auction and Appraisal Company
Listed By:
Matt Tarter · License #IN RB14040074
Source:
Crexi
Added: Mar 16
Changed: Aug 8
Last Checked: Aug 14 at 11:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Tarter Realty Auction and Appraisal Company
Investment Insights
Based on property information with market context.
This is a turnkey restaurant opportunity situated on a highly visible corner lot along a major highway in Portland. The fully remodeled commercial building benefits from excellent traffic counts, outstanding exposure, and a convenient drive-up window. The property includes a spacious asphalt parking lot with easy access, suitable for dine-in, carryout, or drive-through service. The building has been extensively updated and is move-in ready. Improvements include new exterior paint, an 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. The property is suitable for restaurant operators, franchise concepts, or investors. The property size is 2554 square feet. The driveway on the south side of the property is a shared driveway. The north side of the property has an easement for ingress and egress. Any & all personal property & equipment (including the exhaust /hood oven system) are not included in the sale but are negotiable.
Key Highlights
- Turnkey restaurant opportunity in a fully remodeled commercial building.
- Highly visible, large corner lot location on a major highway with excellent traffic counts.**
- Spacious, newly paved asphalt parking lot with easy access and a convenient drive‑up window.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
535
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 47371, IN
12,143
Population
5,458
Households
2.2
Avg Household Size
41
Median Age
15%
College-Educated
85%
High-School Grad
219.6 sq mi
ZIP Area
55
Density / Sq Mi
$59,215
Median Household Income
$38,031
Median Earnings
$746
Median Rent
$116,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Restaurant - Remodeled restaurant with drive-up, high visibility, and ample parking.
Where is this restaurant located?
The property is located at 1511 N Meridian St Portland, IN.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Turnkey restaurant opportunity in a fully remodeled commercial building.; Highly visible, large corner lot location on a major highway with excellent traffic counts.**; Spacious, newly paved asphalt parking lot with easy access and a convenient drive‑up window.
