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    Glenburn, ME Brewer, ME Orrington, ME Hampden, ME Harmony, ME Haynesville, ME Hermon, 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
    View details
    See what stands out in Penobscot County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

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    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 1 Active listings in Bangor, ME, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

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

    Established Hair Salon with Spa Equipment
    Established Hair Salon with Spa Equipment

    30 Main Street, Saint Albans, ME 04971

    $297,000
    2,171 sqft 0.60 AC lot

    Commercial-residential property with salon infrastructure, specialized wellness equipment, and private rooms for additional services.

    View details
    Mixed-Use Property with Wellness Amenities
    Mixed-Use Property with Wellness Amenities

    156 N Main Street, Brewer, ME 04412

    $529,900
    4,782 sqft 0.31 AC lot

    Versatile commercial building with a studio, spa infrastructure, apartment, and CB - Conv Business zoning.

    View details
    Mixed-Use Property with Wellness Facilities
    Mixed-Use Property with Wellness Facilities

    156 N Main Street, Brewer, ME 04412

    $529,900
    4,782 sqft

    Flexible commercial building with studio, spa amenities, offices, and a separate apartment near the Brewer Riverwalk.

    View details
    11-Room Wellness Property
    11-Room Wellness Property

    30 Main Street, Saint Albans, ME 04971

    $297,000
    2,171 sqft

    Established salon operation with specialized furnishings, treatment equipment, and additional private rooms for future expansion.

    View details

    Off-Market Properties in Bangor, ME

    Consider similar Off-Market properties in Bangor, ME. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    543 Broadway
    HOSPITAL - PRIVATE

    543 Broadway, Bangor, ME 04401-3337

    Estimated value:
    $455,000
    2,610 sqft 1.00 AC lot
    View details

    Bangor, ME Healthcare Properties Market Trends and Statistics

    Explore 2 healthcare properties 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

    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

    • 04401

    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

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