Medical Office Space For
For Sale
Contact for pricing
Pending
980 N Meridian St, Portland, IN 47371
Medical office space in Portland, Indiana, available for purchase.
Property Size2,713 SF
Days on Market739
Property Features for 980 N Meridian St
General Information
Standard status
Pending
Size
2,713 SF
Total Parking Spaces
26
Property subtype
Office
Lease Type
NNN
Net Operating Income
$146,068
Building Details
Year Built
2022
Tenancy
Single
Listing Agency:
Cooper Commercial Investment Group
(216) 562-1981
Listed By:
Dan Cooper · License #OH 009003618
Source:
Crexi
Added: Aug 14, 2024
Changed: Aug 21
Last Checked: Aug 21 at 8:56PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cooper Commercial Investment Group
Investment Insights
Based on property information with market context.
This commercial property is located in Portland, Indiana, a city situated 50 miles south of Fort Wayne and 90 miles northeast of Indianapolis. Portland offers small-town charm with access to big city amenities. The cost of living in Portland is below the national and state levels. The property is positioned to serve the community's needs, potentially creating a long-term asset for an investor. Major employers in Portland include Tyson Foods and FCC (Indiana), LLC, along with Priority Plastics, Motherson Sumi Systems, LTD/MSSL Wiring Systems, and ATI-Forged Products. Healthcare services are provided by IU Health Jay, a 25-bed critical access hospital with approximately 500 employees. Portland hosts annual events such as the Gathering of the Great Lakes Nation Pow Wow, July 4th Celebration, Vintage Motor Bike Show, Jay County Fair, and the world’s largest Antique Tractor and Engine Show. Indianapolis, located 90 miles southwest, offers a business ecosystem led by corporations like Anthem, Eli Lilly, FedEx, and Vanguard Services, along with Indiana University and a medical system. Fort Wayne, also nearby, has a strong manufacturing sector, along with healthcare, retail trade, and finance/insurance industries. General Motors and Ardagh Group are top employers in the region, and Ball State University in Muncie is also within proximity.
Key Highlights
- Strategic location: Positioned within a triangle between Indianapolis, Fort Wayne, and Dayton.
- Affordable Living: Cost of living is well below national and state levels.
- Strong Employment Base: Benefit from the presence of large companies like Tyson Foods and FCC (Indiana), LLC.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
53
Businesses Nearby
Under-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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office space in Portland, Indiana, available for purchase.
Where is this medical office space located?
The property is located at 980 N Meridian St Portland, IN.
What is the asking price?
The asking price for this property is $2,230,000.
What are key features of this property?
This property features: Strategic location: Positioned within a triangle between Indianapolis, Fort Wayne, and Dayton.; Affordable Living: Cost of living is well below national and state levels.; Strong Employment Base: Benefit from the presence of large companies like Tyson Foods and FCC (Indiana), LLC.
