Historic Mixed-Use Downtown
158 Main Street Bangor, ME 04401
158 Main Street, Bangor, ME, 04401
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For Sale
Contact for pricing
Four-floor mixed-use building includes an established tavern, a dance and ballet studio, and six one-bedroom apartments.
Property Size22,000 SF
Price / SF$122.73
Days on Market11
Property Features for 158 Main Street
General Information
- Standard status
- Active
- Size
- 22,000 SF
- Property subtype
- Retail, Mixed Use
Building Details
- Year Built
- 1900
Listing Agency
Century 21 Queen City Real Estate
Listed by
Ella Ruiz · License #SA928845
Source
Crexi
Added: Jul 7 Checked: Jul 16 at 6:49 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Queen City Real Estate
Investment Insights
Based on property information with market context.
The McGuire Building is a historic four-floor, mixed-use commercial property offered for sale. The building includes the iconic Tavern, a well-established dance and ballet studio, and six one-bedroom apartments. The apartments share two bathrooms and were previously operated as a rooming house.
Located in the heart of downtown Bangor at 158 Main Street, the property benefits from strong visibility and exposure to more than 30,000 vehicles daily. The site is within Bangor’s Downtown Development District.
With multiple income-producing components already in place, the building’s configuration supports a range of continued commercial and residential uses under its existing layout. The property also features prominent downtown landmark presence, including an existing view of the Penobscot River and nearby recognizable visual elements referenced in the remarks.
Located in the heart of downtown Bangor at 158 Main Street, the property benefits from strong visibility and exposure to more than 30,000 vehicles daily. The site is within Bangor’s Downtown Development District.
With multiple income-producing components already in place, the building’s configuration supports a range of continued commercial and residential uses under its existing layout. The property also features prominent downtown landmark presence, including an existing view of the Penobscot River and nearby recognizable visual elements referenced in the remarks.
Key Highlights
- Approx. 22,000 SF four‑floor mixed‑use commercial building at 158 Main Street in downtown Bangor
- Established tavern plus a dance and ballet studio within the building
- Six 1‑bedroom apartments with two shared bathrooms (previously operated as a rooming house)
Local Financial Insights For Apartment 5plus
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 | $356.4k | $16.20 |
| − Vacancy | −$19.2k | −$0.87 |
| EGI | $337.2k | $15.33 |
| − OpEx | −$151.7k | −$6.90 |
| NOI | $185.4k | $8.43 |
22,000 SF · lease $16.20/SF/yr · vacancy 5.40% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Greetings from Bangor ...
Resort
Mainely ATMs
Atm
Welcome to Bangor mural ...
Cafe & Coffee Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Four-floor mixed-use building includes an established tavern, a dance and ballet studio, and six one-bedroom apartments.
Where is this apartment building 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: Approx. 22,000 SF four‑floor mixed‑use commercial building at 158 Main Street in downtown Bangor; Established tavern plus a dance and ballet studio within the building; Six 1‑bedroom apartments with two shared bathrooms (previously operated as a rooming house)
