Mixed-Use Building with
For Sale
$2,700,000
158 Main Street, Bangor, ME 04401
Commercial Sale, Bangor, ME
Property Size22,000 SF
Lot Size0.30 Acres
Price / SF$122.73
Days on Market121
Property Features for 158 Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Downtown Development
Rooms
Basement
Parking features
Off Street
Basement
Unfinished, Finished
Lot features
Water View, Public Transport Access, Near Turnpike/ Interstate, Near Airport, Downtown, Bus Line, Near Shopping, Retail Strip
Standard status
Active
Size
22,000 SF
Lot size
0.30 Acres
Additional Details
Mixed-Use Components
commercial, residential
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
8961
Utilities
Sewer type
Public Sewer
Heating system
Propane (Heating), Oil
Water source
Public
Building Details
Year built
1900
Flooring type
Wood, Concrete, Linoleum, Vinyl, Tile - Ceramic
Building materials
Masonry, Stone, Wood Frame, Brick, Vinyl Siding, Wood Siding
Roof type
Flat
Buildings
1
Listing Agency:
CENTURY 21 Queen City Real Estate · Century 21 Real Estate
(207) 942-4618
Listed By:
Estrella Ruiz
(207) 249-6214
Added: Jun 29
Changed: Oct 27
Last Checked: Oct 27 at 10:06PM
MLS# 1669296
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.
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Investment Insights
Based on property information with market context.
Built in 1900, this four-story mixed-use property contains 22,000 square feet on a 0.3-acre parcel. The building includes a tavern, a dance and ballet studio, and six one-bedroom apartments with two shared bathrooms. Off-street parking is available, and the property has a flat roof, public water, and public sewer.
Located at 158 Main Street in downtown Bangor, the building is within the Downtown Development District. The site is exposed to more than 10,000 vehicles daily and features the downtown mural and HOPEFUL sign. The property’s existing commercial and residential spaces are arranged across four floors.
Located at 158 Main Street in downtown Bangor, the building is within the Downtown Development District. The site is exposed to more than 10,000 vehicles daily and features the downtown mural and HOPEFUL sign. The property’s existing commercial and residential spaces are arranged across four floors.
Key Highlights
- 22,000‑square‑foot building on a 0.3‑acre parcel
- Four floors with a tavern, dance and ballet studio, and six one‑bedroom apartments
- Two shared bathrooms serve the apartment units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$185,435
Cap Rate
6.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,708,700
$3.7M
Cap Rate 7%
$2,649,071
$2.6M
Cap Rate 9%
$2,060,389
$2.1M
Market Conditions
NOI Build-Up for 22,000 SF
Gross rent
$356.4K $16.20/SF
− Vacancy
−$19.2K −$0.87/SF
EGI
$337.2K $15.33/SF
− OpEx
−$151.7K −$6.90/SF
NOI
$185.4K $8.43/SF
Area
Penobscot County, ME
Vacancy
5.40%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,708,700
Cap Rate 7%
$2,649,071
Cap Rate 9%
$2,060,389
Alternative Uses
Best Use
Specialty Retail
$4.28M
$3.75M – $5.00M
NOI $299,701 @ 7.0% cap · market cap 11.10%
Second Best
Apartment 5plus
$2.65M
$2.32M – $3.09M
NOI $185,435 @ 7.0% cap · market cap 6.87%
Theoretical Best
Office A
$7.11M
$6.22M – $8.29M
NOI $497,376 @ 7.0% cap · market cap 18.42%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
2,106
Businesses Nearby
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Business Placement
Demographics for 04401, ME
44,608
Population
20,932
Households
2.1
Avg Household Size
40
Median Age
37%
College-Educated
96%
High-School Grad
100.1 sq mi
ZIP Area
446
Density / Sq Mi
$66,136
Median Household Income
$40,863
Median Earnings
$1,048
Median Rent
$229,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four-floor downtown property combines commercial space with apartment units.
Where is this mixed-use property located?
The property is located at 158 Main Street Bangor, ME.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: 22,000‑square‑foot building on a 0.3‑acre parcel; Four floors with a tavern, dance and ballet studio, and six one‑bedroom apartments; Two shared bathrooms serve the apartment units
