1511 N Meridian Street, Portland, IN 47371

Building Details

Year built

1975

Flooring type

Laminate

Roof type

Metal

Listing agent Matt Tarter License #RB14040074 Show Phone

Listing office Tarter Realty Auction and Appraisal Company m***@teamtarter.com 123 W Franklin St Suite 302, Winchester, IN Show Phone

Listing date Mar 16, 2026

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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.

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Overview

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.

Suggested Use

Building Supply HVAC Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store Furniture & Home Goods Auto Repair Shop Wine and Liquor Store Car Rental Facility Hotel & Motel Auto Parts Store

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

Location Insight

• Map
• Local Demand

City

Portland

County

Jay

State

Indiana

Longitude

-84.977687

Latitude

40.44852

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FAQs

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