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

    131 Madison Ave Skowhegan, ME 04976

    For Sale
    $424,900

    Charming 3,000 sq ft building, prime location.

    Property size:
    3,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    The Ira Norton Building, a meticulously restored 1906 landmark at 131 Madison Avenue in Skowhegan, Maine, presents a unique opportunity for commercial ventures. This 3,000 square foot building, situated on a 0.41-acre lot, seamlessly blends historic charm with modern functionality. The property boasts captivating architectural details, including a leaded glass foyer, a robust sliding pocket door ideal for a conference room, an original fireplace mantel, restored wood flooring, and intricately detailed sheetrock and baseboard trim. Restored interior doors and hardware, along with remnants of a grand staircase, add to the building's character. Modern upgrades ensure efficiency and comfort. These include a brand-new kitchen with solid surface counters and stainless steel appliances, two and a half updated bathrooms featuring a luxuriously tiled floor in the primary suite, spray foam insulation (basement to attic), a new roof, an efficient on-demand heating system, oversized double-hung vinyl windows, updated plumbing and electrical systems, and fresh siding. A partially finished third floor offers customization potential, while a convenient wrap-around driveway and covered porch enhance accessibility and curb appeal. This highly visible property offers unparalleled versatility and is priced at $424,900. Its blend of historical significance and modern amenities makes it an exceptional commercial space.

    Property Features for 131 Madison Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,000 SF
    Lot Size
    17,860 SF

    Building Details

    Year Built
    1906
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Somerset County County Government Office

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Skowhegan
    County
    Somerset
    State
    Maine
    Longitude
    -69.72147
    Latitude
    44.77028

    Nearby Similar for Sale

    • $550,000
      2,496 SF

      Established Tavern with Apartment in Maine

      Turnkey tavern with a 3-bedroom apartment and high visibility.
      1 Waterville Rd, Skowhegan, ME 04976
      View Details
    • New
      $275,000
      3,076 SF

      Well-Maintained Three-Unit Building

      Clean, well-maintained three-unit building near downtown Skowhegan.
      24 Pleasant St, Skowhegan, ME 04976
      View Details
    • $299,000
      1,392 SF

      Skowhegan Commercial Space For Sale

      Versatile commercial space with ample room and convenient access.
      22 Cleveland St, Skowhegan, ME 04976
      View Details
    • $550,000
      2,496 SF

      Established Tavern with Apartment Upstairs

      Turnkey pub with equipment, inventory, and a 3-bedroom apartment.
      1 Waterville Rd, Skowhegan, ME 04976
      View Details
    • $437,000
      2,728 SF

      Skowhegan Four-Unit Apartment Building

      Four-unit apartment building in Skowhegan, near shopping and restaurants.
      18 Leavitt St, Skowhegan, ME 04976
      View Details
    • $235,000
      3,244 SF

      Skowhegan Commercial Property on Island

      Turnkey commercial property in downtown Skowhegan with high traffic and parking.
      14 Island Ave, Skowhegan, ME 04976
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Charming 3,000 sq ft building, prime location.
    Where is this commercial real estate located?
    The property is located at 131 Madison Ave Skowhegan, ME.
    What is the asking price?
    The asking price for this property is $424,900.
    (207) 629-9211
    Request Owner's contact information
    131 Madison Ave Skowhegan, ME 04976
    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.
    131 Madison Ave
    Skowhegan, ME 04976
    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
    131 Madison Ave Skowhegan, ME 04976
    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.