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    Assisted Living

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    Glenburn, ME Brewer, ME Hermon, ME Hampden, ME Orrington, ME Haynesville, ME Harmony, ME Clifton, ME
    Adaptive Reuse Senior Housing Building
    Updated: May 30
    Adaptive Reuse Senior Housing Building

    28 Merchants Plaza, Bangor, ME 04401

    Contact for pricing
    Adaptive reuse of historic downtown Freese’s Department Store originally founded in 1892
    Mixed‑use redevelopment includes 10 market‑rate apartments, 34 elderly housing units, and 39 assisted living units
    Includes space occupied by the Maine Discovery Museum as a cultural/community use
    Redeveloped after years of partial vacancy to add commercial space along with residential and senior‑focused housing
    Freese’s closed in 1985; building later transformed into a downtown mixed‑use asset
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Bangor, ME, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Equipped Rehabilitation Center Facility
    Equipped Rehabilitation Center Facility

    31 Holbrook Road, Auburn, ME 04210

    $1,250,000
    12,600 sqft 2.28 AC lot

    Institutional facility with clinical, administrative, residential, dining, and group-programming areas in a purpose-configured setting.

    View details
    Rehabilitation Center with Residential Quarters
    Rehabilitation Center with Residential Quarters

    31 Holbrook Road, Auburn, ME 04210

    $1,250,000
    12,600 sqft 2.28 AC lot

    Institutional facility with clinical, administrative, dining, and residential components on an expansive Auburn site.

    View details
    Assisted Living Facility with Private Basement Entrance
    Assisted Living Facility with Private Basement Entrance

    2 Teakwood Knolls, Lewiston, ME 04240

    $549,900
    5,776 sqft 0.42 AC lot

    Suburban Residential zoned assisted living/group home with central air, off-street parking, and a finished basement with private entrance.

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    Portland Mixed-Use Garrison-Style Building
    Portland Mixed-Use Garrison-Style Building

    244 Ray St, Portland, ME 04103

    $514,000
    2,256 sqft 0.26 AC lot

    Former Group Home/ Mixed Use Location in Portland Maine neighborhood

    View details

    Bangor, ME Assisted Living Facilities Market Trends and Statistics

    Explore 1 assisted living facilities for sale in Bangor, ME on our real estate platform.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Assisted living facilities 1
    Medical centers 1
    Senior Housing / Retirement Homes 1
    Spa & wellness properties 1

    Demographics Overview

    Population 44K
    Population Growth (5Y) -0.4%
    Median Household Income $66,136
    College Educated 25.7%

    Taxes & Financing

    Tax Rate (average for all types) 1.91%
    Property Tax per SF $28.05 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Penobscot County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Penobscot County

    Retail

    Office

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Bangor fall within the 25,000 to 50,000 square foot range.

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    Most Searched ZIP Codes in Bangor, ME

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    Featured Bangor Real Estate Agencies

    Realmo connects you with licensed Bangor CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Realty of Maine
    458 Main Street Bangor, ME 04401
    Phone: 12079426310
    www.realtyofmaine.com
    Berkshire Hathaway HomeServices Northeast Real Estate
    160 Broadway Bangor, ME 04401
    Phone: 12079428261
    prudentialnortheastproperties.com

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