Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    108 Main St Ellsworth, ME 04605

    For Sale
    $1,250,000

    Historic Main Street gem, high income potential.

    Property size:
    7,488 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional mixed-use property at 108 Main Street in Ellsworth, Maine, presents a unique investment opportunity. Boasting over 7,488 square feet of usable space across three levels, this historic building is situated in the heart of Ellsworth's vibrant downtown, a designated Main Street America community. Its prime location offers unparalleled convenience, with proximity to the Union River, library, city offices, and a diverse array of businesses including restaurants, boutiques, and shops. Currently fully occupied with a mix of tenants including a holistic health practice and short-term rental units, this property generates substantial income. The ground floor offers potential for subdivision to increase rental revenue, while partially finished cellar spaces with Main Street access provide further expansion opportunities. The building benefits from recent renovations, including updated plumbing, heating, and electrical systems, high-capacity internet, and a well-maintained roof. A unique deed provides two dedicated parking spaces behind the building, plus access to additional free monitored city parking at the City Hall lot. This turnkey investment allows for immediate income generation, with the possibility of owner occupancy. The property's blend of commercial and residential spaces, coupled with its prime location and recent upgrades, makes it an exceptional investment opportunity in a thriving Maine community. The asking price is $1,250,000, and the lot size is 0.06 acres.

    Property Features for 108 Main St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    7,488 SF
    Lot Size
    2,614 SF

    Building Details

    Year Built
    1933
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ellsworth
    County
    Hancock
    State
    Maine
    Longitude
    -68.42403
    Latitude
    44.54165

    Nearby Similar for Sale

    • $710,900
      3,500 SF

      New Ellsworth Duplex Under Construction

      Energy-efficient, custom-built duplex near downtown Ellsworth. Investment opportunity.
      135 Surry Rd, Ellsworth, ME 04605
      View Details
    • $939,000
      8,848 SF

      Versatile Commercial Property, Ellsworth, ME

      Three buildings on 8.28 acres near downtown Ellsworth.
      248 Bucksport Rd, Ellsworth, ME 04605
      View Details
    • $619,000
      8,900 SF

      Ellsworth Commercial Building For Sale

      8900 SF commercial building in business park zoning.
      14 Mariaville Rd, Ellsworth, ME 04605
      View Details
    • $925,000
      9,425 SF

      Historic Ellsworth Building with Ballroom

      Historic building with ballroom, restaurant, and riverfront parking.
      52 Main & State St, Ellsworth, ME 04605
      View Details
    • New
      $319,000
      1,616 SF

      Versatile Property Near Downtown Ellsworth

      Income potential, flexible living, convenient location near Acadia National Park.
      664 Bucksport Rd, Ellsworth, ME 04605
      View Details
    • $359,000
      2,039 SF

      Versatile Downtown Ellsworth Income Property

      Four-bedroom property with income potential in a high-demand area.
      35 Church St, Ellsworth, ME 04605
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Historic Main Street gem, high income potential.
    Where is this mixed-use property located?
    The property is located at 108 Main St Ellsworth, ME.
    What is the asking price?
    The asking price for this property is $1,250,000.
    (207) 667-7423
    Request Owner's contact information
    108 Main St Ellsworth, ME 04605
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    108 Main St
    Ellsworth, ME 04605
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    108 Main St Ellsworth, ME 04605
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.