Historic Belgrade Lakes Inn &
157 Main Street, Belgrade, ME 04917
New
COMMERCIAL - Belgrade, ME
Property size:
13,179 SFLot size:
0.89 AcresPrice / SF:
$219/SF- Added:
- May 28, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 1 at 9:06 pm
Property Features for 157 Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- SHORELAND
- Rooms
- Basement
- Parking features
- Off Street
- Interior features
- Storage
- Basement
- Finished, Dirt Floor, Daylight, Unfinished, Sump Pump, Walk-Out Access
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- Size
- 13,179 SF
- Lot size
- 0.89 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 14108
Utilities
- Sewer type
- Septic Tank, Private Sewer
- Heating system
- Hot Water(Heating), Zoned, Baseboard, Oil, Wood, Propane (Heating), Heat Pump (Heating)
- Cooling system
- Heat Pump, Window Unit(s)
- Water source
- Private, Well
- Water front features
- Waterfront, Stream, Lake
- Water front
- 1
Building Details
- Year built
- 1899
- Flooring type
- Concrete, Tile, Vinyl, Wood, Carpet
- Building materials
- Wood Frame, Clapboard, Vinyl Siding, Wood Siding
- Roof type
- Metal
- Additional Structures
- Storage
Listing agent Stephanie Gardner (207) 592-5577
Listing office Portside Real Estate Group 221 Main Street, Belgrade Lakes, ME (207) 495-3700
Listing date May 28, 2026
MLS# 1656478
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Historic lakefront inn established in 1921, the last operational grand historic inn in the Belgrade Lakes.
- High‑volume, lodge‑style tavern and bar with award‑winning ''Dock & Dine'' service and a signature dish since 1962.
- Eight beautifully renovated guest suites with elevated camp‑style design and modern amenities.
- Expansive lakefront grounds with private parking, swimming access, and dedicated boat docks on Great Pond or Long Pond.
- Spacious owner's quarters for on‑site management.
- Fully turnkey operation, rich in history, offering a legacy investment opportunity.
Overview
The Village Inn & Tavern in Belgrade Lakes presents a rare opportunity to acquire a historic lakefront property. Established in 1921 as The Locust House, it stands as the last remaining operational grand historic inn in the Belgrade Lakes. The property has welcomed notable guests ranging from L.L. Bean to Eugene O'Neill. The meticulously restored property blends a rustic-chic aesthetic with modern luxury. The offering includes a high-volume, lodge-style tavern and bar known for its award-winning ''Dock & Dine'' service and its legendary 12-hour roast duck, a signature dish since 1962. Eight renovated guest suites showcase elevated camp-style design, combining character with contemporary amenities. The expansive lakefront grounds feature private parking, swimming access, and dedicated boat docks, allowing guests to arrive directly from Great Pond or Long Pond for a premier waterfront experience. The property also includes spacious owner's quarters, ideal for an on-site owner or caretaker to support seamless year-round operations. The property size is 13179 square feet and the lot size is 0.89 acres. The property is located in Belgrade, Maine. The intended use of the property is hospitality. The property is zoned as SHORELAND. This turnkey property offers the opportunity to own a piece of New England hospitality.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $237.2k | $18.00 |
| − Vacancy | −$40.3k | −$3.06 |
| EGI | $196.9k | $14.94 |
| − OpEx | −$49.2k | −$3.74 |
| NOI | $147.7k | $11.21 |
13,179 SF · lease $18.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.11M
$1.85M – $2.46M
NOI $147,671 @ 7.0% cap · market cap 5.10%
Second Best
Hotel Hospitality
$1.14M
$997.7K – $1.33M
NOI $79,815 @ 7.0% cap · market cap 2.76%
Theoretical Best
Warehouse
$19.66M
$17.20M – $22.94M
NOI $1,376,325 @ 7.0% cap · market cap 47.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Bed & breakfasts
Similar Places Nearby
- Seven Lakes Inn — 168 Main St, Belgrade, ME 04917
- Wings Hill Inn — 9 Dry Point Dr, Rome, ME 04963
Location Insight
- Map
- Local Demand
- City
- Belgrade
- County
- Kennebec
- State
- Maine
- Longitude
- -69.8877082
- Latitude
- 44.5280491
Nearby Similar for Sale
FAQs
What type of property is this?
Bed & breakfast - Storied lakefront inn and tavern in Belgrade Lakes, Maine.
Where is this bed & breakfast located?
The property is located at 157 Main Street Belgrade, ME.
What is the asking price?
The asking price for this property is $2,895,000.
What are key features of this property?
This property features: Historic lakefront inn established in 1921, the last operational grand historic inn in the Belgrade Lakes.; High‑volume, lodge‑style tavern and bar with award‑winning ''Dock & Dine'' service and a signature dish since 1962.; Eight beautifully renovated guest suites with elevated camp‑style design and modern amenities.
