Turnkey Corner Drive-Through
For Sale
$499,000
1511 N Meridian Street, Portland, IN 47371
COMMERCIAL - Portland, IN
Property SizeContact for details
Lot Size0.66 Acres
Days on Market155
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
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: Aug 4
Last Checked: Aug 17 at 9:06AM
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.
This turnkey restaurant property is a fully remodeled commercial building designed to support dine-in, carryout, and drive-through service. The improvements include new exterior paint, expanded and newly paved asphalt parking, updated electrical, new HVAC systems, new plumbing, new drywall, brand new bathrooms, and a fully updated dining area with new booths. Additional on-site conveniences include a walk-in cooler and a new storage shed.
The building is situated on a large corner lot with high visibility along a major highway in Portland, Indiana. The property includes a spacious asphalt parking lot intended to support convenient customer access and efficient on-site circulation for vehicles.
For restaurant operators and franchise concepts, the move-in-ready interior and recently installed core systems reduce upfront buildout and operational disruption. The combination of a drive-up window, updated dining area, walk-in cooler, and ample paved parking supports a straightforward transition to day-to-day service. It may also suit buyers seeking a ready-to-operate restaurant setup for immediate occupancy or planned re-tenanting under a compatible food service concept.
The building is situated on a large corner lot with high visibility along a major highway in Portland, Indiana. The property includes a spacious asphalt parking lot intended to support convenient customer access and efficient on-site circulation for vehicles.
For restaurant operators and franchise concepts, the move-in-ready interior and recently installed core systems reduce upfront buildout and operational disruption. The combination of a drive-up window, updated dining area, walk-in cooler, and ample paved parking supports a straightforward transition to day-to-day service. It may also suit buyers seeking a ready-to-operate restaurant setup for immediate occupancy or planned re-tenanting under a compatible food service concept.
Key Highlights
- Fully remodeled commercial building built in 1975 with metal roof, central air, and laminate flooring
- Extensive updates include new exterior paint, expanded newly paved asphalt parking lot, updated electrical, and new HVAC systems
- New plumbing, new drywall, and brand new bathrooms
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
535
Businesses Nearby
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?
Drive through restaurant - Fully remodeled restaurant with drive-up window, updated systems, and expanded parking for dine-in or carryout service.
Where is this drive through 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: Fully remodeled commercial building built in 1975 with metal roof, central air, and laminate flooring; Extensive updates include new exterior paint, expanded newly paved asphalt parking lot, updated electrical, and new HVAC systems; New plumbing, new drywall, and brand new bathrooms
