# 1511 N Meridian Street, Portland, IN 47371

> **TL;DR:** 0bd/2ba commercial, $499,000, built 1975. Est. $2,162/mo. Listed 77 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $499,000 |
| Bathrooms | 2 full |
| Year Built | 1975 |
| Lot Size | 28,750 sqft (0.66 acres) |
| Stories | 1 |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 77 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,162 |
| **Total** | **$2,162** |

## Property Highlights

- Built in 1975
- 0.66 acre lot
- 30 parking spaces

## Description

### Agent Description
Turnkey restaurant opportunity located on a highly visible and large corner lot along a major highway in Portland. This fully remodeled commercial building offers excellent traffic counts, outstanding exposure, and a convenient drive-up window. The property features a spacious asphalt parking lot with easy access, making it ideal for dine-in, carryout, or drive-through service.  The building has been extensively updated and is truly move-in ready. Improvements include new exterior paint, expanded and newly paved parking lot, updated electrical, new HVAC systems, new plumbing, new drywall, brand new bathrooms, and a fully updated dining area with new booths. Additional features include a walk-in cooler and a new storage shed for added functionality.  With its prime location, high visibility, and turnkey restaurant setup, this property offers an outstanding opportunity for restaurant operators, franchise concepts, or investors. Offered at $499,000.

## Location

- **Address:** 1511 N Meridian Street, Portland, IN 47371
- **County:** Jay County
- **Neighborhood:** Other
- **Coordinates:** 40.44852, -84.977687
- **Google Maps:** https://www.google.com/maps?q=40.44852,-84.977687

## Listing Agent

- **Name:** Matt Tarter
- **Brokerage:** Tarter Realty Auction and Appraisal Company
- **Phone:** 2607297119
- **Email:** matt@teamtarter.com

## Primary Photo

![1511 N Meridian Street - Primary Photo](http://lh.rdcpix.com/3f82ced9c40894da4712e70d9a21f09cl-f4223950914r.jpg)

*28 total photos available on [listing page](https://www.propertysimple.com/listing/1511-n-meridian-street-portland-in-47371-02608608)*

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**MLS#:** 202608608 | **Updated:** 2026-06-19
**Source:** listhub

*Copyright © 2026 Mid-Eastern Indiana Association of Realtor MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/1511-n-meridian-street-portland-in-47371-02608608)

---

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