Updated Restaurant with Drive-Up
For Sale
$499,000
1511 N Meridian Street, Portland, IN 47371
COMMERCIAL, Portland, IN
Property SizeContact for details
Lot Size0.66 Acres
Days on Market194
Property Features for 1511 N Meridian Street
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
City
Directions
Hwy 28 to Hwy 67 to Portland. North Hwy 27 to property.
Subdivision
Jay County
Standard status
Active
APN
38-07-16-200-016.000-034
Lot size
0.66 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
PT SW 1/4 NW 1/4 115' X 250.40' S16 T23 R14
Tax Annual Amount
20
Legal Description
PT SW 1/4 NW 1/4 115' X 250.40' S16 T23 R14
Utilities
Cooling system
Central Air
Amenities
walk-in cooler
storage shed
Building Details
Year built
1975
Flooring type
Laminate
Roof type
Metal
Listing Agency:
Tarter Realty Auction and Appraisal Company
(765) 595-8155
Listed By:
Matt Tarter · License #RB14040074
(260) 729-7119
Added: Mar 16
Changed: Sep 2
Last Checked: Sep 25 at 12:06PM
MLS# 202608608
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
Built in 1975, this restaurant property occupies a 0.66-acre corner lot along a major highway in Portland. The building has received extensive updates, including new exterior paint, electrical work, HVAC systems, plumbing, drywall, bathrooms, and a refreshed dining area with new booths. Laminate flooring, central air, and a metal roof are also included.
A drive-up window supports convenient service, while the expanded paved parking area provides on-site customer access. Additional operating features include a walk-in cooler and a new storage shed. The configuration supports dine-in, carryout, and drive-through service, with the property positioned for visibility from the highway.
A drive-up window supports convenient service, while the expanded paved parking area provides on-site customer access. Additional operating features include a walk-in cooler and a new storage shed. The configuration supports dine-in, carryout, and drive-through service, with the property positioned for visibility from the highway.
Key Highlights
- 0.66‑acre corner lot along a major highway
- Drive‑up window supports carryout and drive‑through service
- Expanded and newly paved asphalt parking lot
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
191
Businesses Nearby
Well-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
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Updated restaurant property with a drive-up window, asphalt parking, and a layout suited to dine-in and carryout operations.
Where is this conventional restaurant located?
The property is located at 1511 N Meridian Street 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: 0.66‑acre corner lot along a major highway; Drive‑up window supports carryout and drive‑through service; Expanded and newly paved asphalt parking lot
