Active

1511 N Meridian Street

Restaurant/Bar • 51Y Old
$499,000 Listed 6 months ago
0.66 Acres
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Property 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.

Directions

Hwy 28 to Hwy 67 to Portland. North Hwy 27 to property.

Property
MLS # 202608608
Date Listed 2026-03-16
Status Active
Property Type Commercial
Property SubType Restaurant/Bar
New Construction No
Type Restaurant/Bar
Annual Taxes $20.00
Year Taxes Payable 2026
Year Built 1975
Virtual Tour propertypanorama.com »
Days on Market 203
Homestead Year No
Room Dimensions
Den 1 × 2554 Level
3rd Bedroom 2 × 1 Level
External Features
Construction Restaurant/Bar
Lot Size 28,750 sq ft
Acreage 0.66 Acres
Lot Dimensions x
Fence None
Location
Area Jay County
County Jay
Subdivision Other
Township Wayne
City Portland
State IN
Zip 47371
Financial
Assoc. Dues $0.00
Contact

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MLS# 202608608
Listing Provided Courtesy of Matt Tarter
Tarter Realty Auction and Appraisal Company

Listing updated September 10, 2026 at 9:15 am
Last checked 9 minutes ago

IDX information provided by the Indiana Regional MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.