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    112 Meridian St Portland, IN 47371

    For Lease
    Contact for pricing

    Prime downtown Portland office, perfect for small businesses.

    Lot size:
    179 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional single-tenant office space, located at 112 N Meridian St in Portland, Indiana, presents a fantastic opportunity for small businesses and entrepreneurs. Situated on the second floor of a two-story building constructed in 1968, this 179-square-foot traditional office space offers a functional and efficient layout ideal for a variety of professional uses. The property is classified as Class C and is part of a single-building complex within Jay County. Its downtown Portland location provides excellent visibility and accessibility, making it an attractive option for businesses seeking a prominent presence in the community. The convenient location ensures easy access to local amenities and services, enhancing the overall appeal for both employees and clients. This space is ready for immediate occupancy and represents an affordable solution for businesses looking to establish or expand their operations in a thriving Indiana community. The property's straightforward design and prime location make it an excellent choice for those seeking a cost-effective and strategically located workspace. Don't miss this chance to secure a valuable asset in a desirable location.

    Property Features for 112 Meridian St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    179 SF
    Class
    C

    Building Details

    Year Built
    1968
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Size
    179 SF
    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

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    Nearby Similar for Lease

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    FAQs

    What type of property is this?
    Office Property / Space - Prime downtown Portland office, perfect for small businesses.
    Where is this office property / space located?
    The property is located at 112 Meridian St Portland, IN.
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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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