1609 N Meridian Street Portland, IN ^$ 395,000

1609 N Meridian Street

^$ 395,000

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1609 N Meridian Street

Portland, IN, 47371

^$ 395,000

Studio Baths2.0 Sq 6,150

Monthly Estimate*

^$ 2,759

1609 N Meridian Street, Portland, IN 47371 - Image 1

1609 N Meridian Street, Portland, IN 47371 - Image 2

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1609 N Meridian Street, Portland, IN 47371 - Image 8

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Studio

Commercial Property for sale in Portland, IN

for $395,000 with 2 full baths. This 6,150 square foot building was built in 1963 on a lot size of 3.16.

Great investment or Owner-user opportunity in the heart of Portland, Indiana. Located close to many of Portland's popular retail and restaurants, this property boasts 6,150 SF building, and is ideal for office or retail purposes. Purchase includes approximately 1.53 acres of paved parking lot and 1.29 acres of usable land

Commercial Active

Price

^$ 395,000

Bedrooms

Studio

Full Bath

Property Type

Commercial

Taxes

^$ 8,003

Style

Retail

Lot Size

3.16

Year Built

1963

Town/City

Portland

County/Region

Jay

MLS | Web ID

202411019

Features

General

Heating Gas Space Multiple Heating Systems

Cooling Other

Ceiling Height 12

Roof Flat

Parking Yes Lot Paved

Sewer City

# of Buildings 1

Status Active Active

Bathrooms 2

Year Built 1963

New Construction No

Subdivision None

Stories 1

Township Wayne

Class COMMERCIAL

Type Retail

Age 61

Special Features Single Phase Three Phase Overhead Door 1 Display Room Office Space

REO No

Area Jay County

City Portland

Street Name Meridian

Legal Description PT SW 1/4 NW 1/4 3.1632A; S16 T23 R14

Virtual Tour https://www.propertypanorama.com/instaview/irmls/202411019

Agent First Name Jacob

Agent Last Name Wagner

DOM 26

Tax Year 2023

Exterior

Road Access County

Exterior Block Brick

Lot Size Area 137650

Lot Dimensions Irregular

Parking Type Lot

Waterfront Y/N No

Interior

Flooring Carpet Concrete

Basement/Foundation Slab

Walls Block Drywall Wood

* Excluded Features

List By

Jacob Wagner

Listing Agent

Coldwell Banker Real Estate Group

Broker

jwagner@cbcregroup.com

Affordability Calculator

$3,426

Per Month

Monthly Principal & Interest: $2,759
Monthly Property Taxes: $667
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Portland, IN

Average List Price ^$243,300

Percent of Sale Price 38%

About Portland, IN

6,224 Population

-3% Since 2002

^$37,165 Median Income

40.01 Median Age

29% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1237469 Elementary School

1237627 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/4/2024	$395,000		Listed Price

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1609 N Meridian Street, Portland, IN, 47371 is a Commercial Property for sale at $395,000 with 6,150 sqft and a lot size of 3.16. 1609 N Meridian Street is a studio with 2.0 baths and was built in 1963. The property's zip code is 47371 which is in Portland, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the Multiple Listing Service of the Indiana Regional Multiple Listing Service.

The data relating to real estate for sale on this web site comes in part from the Indiana Regional Multiple Listing Service. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is 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 updated as of 5/2/2024.

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1609 N Meridian Street

Commercial Property for sale in Portland, IN

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