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Property profile & analytics
OFF-MARKET
Retail space

216 Meridian St Portland, IN 47371-1922

2,310 SF 0.06 ac lot Built 1954
Individually Owned Absentee Owner Free & Clear
Property ID
US31-1890903
Property summary
AI-generated overview

This exceptional commercial property located at 216 S Meridian Street, Portland, Indiana, 47371, presents a unique investment opportunity at an asking price of $99,900. The 1,871 square foot building sits on a 0.18-acre lot and offers a flexible layout currently configured as office, meeting, waiting, and storage spaces. Its multi-use potential makes it ideal for a variety of businesses. The property boasts ample parking, a significant advantage in a busy commercial area. Adding to its appeal is a 20x21 attached garage, providing additional storage or workspace. The building's interior is surprisingly spacious and well-maintained. This property is situated in Jay County, Indiana, offering easy access to local amenities and transportation routes. The property's versatility, combined with its convenient location and attractive price point, makes it a compelling investment prospect for entrepreneurs and business owners seeking a functional and well-equipped space. The 0.18-acre lot provides ample space for expansion or outdoor activities. This is a rare opportunity to acquire a well-maintained commercial building in a desirable location at a competitive price. Don't miss out on this chance to own a piece of Portland's thriving commercial landscape.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1954
Construction WOOD
Total area 2,310 SF
Lot 0.06 ac (2,772 SF)
APN 38-07-20-104-048.000-034
UPID US31-1890903
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
LARRY WAYNE BUBP
LARRY WAYNE BUBP
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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