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    112 Meridian St Portland, IN 47371

    For Lease
    $144 SF/Yr

    Prime Portland Office, 1207 sq ft

    Lot size:
    1,207 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 1,207 square foot executive office suite is located at 112 N Meridian St, Portland, Indiana, 47371, in Jay County. Built in 1968, this single-tenant property offers a sophisticated and functional workspace ideal for established businesses or growing enterprises. The space boasts a professional conference room, perfectly suited for client meetings and team collaborations. Multiple private offices provide ample space for individual work and focused projects, fostering a productive environment. The building features an elevator for convenient access. The property's prime location within Portland offers easy access to local amenities and transportation. This executive office suite combines a polished atmosphere with practical functionality, creating an impressive and inspiring workspace for both clients and employees. The single-tenant occupancy ensures privacy and control over the entire space. This is a rare opportunity to secure a high-quality office space in a desirable location. The property is situated in a convenient area, making it an attractive option for businesses seeking a professional and efficient work environment. The building itself is well-maintained and offers a professional image.

    Property Features for 112 Meridian St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,207 SF

    Building Details

    Year Built
    1968
    Buildings
    1

    Unit(s) available at that property

    Space
    Size
    1,207 SF
    Rate per SF
    $144

    HighLights

    • 1,207 SF executive suite in Portland, IN.
    • Single‑tenant occupancy in a well‑maintained building.
    • Features a conference room and multiple private offices.
    • Prime location with easy access to amenities and transportation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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
    -84.9782049
    Latitude
    40.4338475

    Nearby Comparable

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      112 Meridian St, Portland, IN 47371
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    Nearby Similar for Lease

    • Contact for pricing
      179 SF

      Portland Office Space: 179 sq ft

      Prime downtown Portland office, perfect for small businesses.
      112 Meridian St, Portland, IN 47371
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Prime Portland Office, 1207 sq ft
    Where is this office property / space located?
    The property is located at 112 Meridian St Portland, IN.
    What is the lease rate?
    The lease rate is $144 SF/Yr.
    What are key features of this property?
    This property features: 1,207 SF executive suite in Portland, IN.; Single-tenant occupancy in a well-maintained building.; Features a conference room and multiple private offices.
    Request Owner's contact information
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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
    112 Meridian St Portland, IN 47371
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