216 Meridian St Portland, IN 47371-1922
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.