Building Details

Year Built 1921

Listing Agency: Realty of Maine

Listed By: Sandi Van Syckle · License #017456 Show Phone

Source: Lawanaandcompany

Added: Apr 3 Changed: Oct 10 Last Checked: Oct 7 at 5:11PM

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Investment Insights

Based on property information with market context.

This commercial storefront offers a flexible layout for retail, office, or service-based use. The property is positioned along Penobscot Avenue in Millinocket, Maine.

The listing describes strong visibility on a main corridor and proximity to Baxter State Park and Katahdin tourism traffic. The property is offered for sale at 216 Penobscot Ave, Millinocket, Maine.

Key Highlights

• Highly visible commercial storefront at 216 Penobscot Ave in Millinocket, Maine
• Year built: 1921
• Suitable for retail, office, or service‑based businesses

Property Analytics

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Current Use

Harry E Reed ... Insurance Agency

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Building Supply Pharmacy Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

300

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 04462, ME

4,411

Population

3,302

Households

1.3

Avg Household Size

56

Median Age

20%

College-Educated

96%

High-School Grad

702.8 sq mi

ZIP Area

6

Density / Sq Mi

$44,167

Median Household Income

$23,295

Median Earnings

$553

Median Rent

$89,700

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Similar Off Market Nearby

• Millinocket Floral Shop — 97 Penobscot Ave, Millinocket, ME 04462

Frequently Asked Questions

What type of property is this?

Storefront property - Highly visible storefront on Penobscot Avenue, suited for retail, office, or service businesses.

Where is this storefront property located?

The property is located at 216 Penobscot Ave Millinocket, ME.

What is the asking price?

The asking price for this property is $145,000.

What are key features of this property?

This property features: Highly visible commercial storefront at 216 Penobscot Ave in Millinocket, Maine; Year built: 1921; Suitable for retail, office, or service‑based businesses