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    Versatile Commercial Space in Wilton Title is generated by Realmo AI

    370 Main Street, Wilton, ME 04294

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    For Sale
    $215,000

    COMMERCIAL - Wilton, ME

    Property size:
    2,400 SF
    Lot size:
    0.11 Acres
    Price / SF:
    $89/SF
    Added:
    Mar 30, 2026
    Days on Market:
    47
    Last Refresh:
    May 15 at 12:06 am

    Property Features for 370 Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Downtown Village
    Rooms
    Basement
    Basement
    Unfinished
    Standard status
    Active
    Size
    2,400 SF
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    2963

    Utilities

    Heating system
    None (Heating)
    Water front features
    Stream, Lake
    Water front
    1

    Building Details

    Year built
    1950
    Building materials
    Wood Frame, Metal Clad, Vertical Siding, Vinyl Siding
    Roof type
    Shingle, Metal

    We can help!

    Listing Contact
    John Blouin
    John Blouin

    Listing agent John Blouin

    Listing office LAER 103 Water Street STE 202, Hallowell, ME

    Listing date Mar 30, 2026

    MLS# 1634154

    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.

    HighLights

    • Approved for a 50‑seat restaurant with potential for other commercial enterprises.
    • Completely renovated: new plumbing, updated electrical, and redone foundation.
    • 2,400 sq. ft. open layout, customizable for various business types.
    • Prime downtown location in Wilton, Maine with steady foot traffic.
    • Close proximity (0.5mi) to a scenic park with a public beach and walking paths.
    • Easy access to Farmington (15 minutes away).

    Overview

    This 2,400 sq. ft. commercial building is located in the heart of Wilton, Maine. The property has been approved for a 50-seat restaurant and is ready for finishing touches. The space could also accommodate other commercial enterprises. The building has been brought down to the studs and features new plumbing, updated electrical systems, and a redone foundation. The open layout and infrastructure offer customization options for various business opportunities, including retail, dining, professional offices, or creative studios. Situated just 0.5 miles from a scenic park with a public beach, walking paths, and community activities, the location benefits from foot traffic and a small-town atmosphere. Wilton's downtown area is 15 minutes from Farmington, providing access for locals and visitors. The lot size is 0.11 acres. The property is located in a Downtown Village zoning area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Wilton
    County
    Franklin
    State
    Maine
    Longitude
    -70.2309621
    Latitude
    44.5880048

    Nearby Similar for Sale

    • $350,000
      2,684 SF

      New Wilton Mixed-Use Building

      Flexible mixed-use building in Wilton, near Farmington. Strong rental demand.
      5 School Street, Wilton, ME 04294
      View Details
    • $149,900
      2,772 SF

      Wilton Commercial Property For Sale

      Versatile commercial property in Wilton, Maine with ample parking.
      64 Davis Court, Wilton, ME 04294
      View Details

    FAQs

    What type of property is this?
    Storefront property - 2,400 sq ft commercial space in downtown Wilton, Maine.
    Where is this storefront property located?
    The property is located at 370 Main Street Wilton, ME.
    What is the asking price?
    The asking price for this property is $215,000.
    What are key features of this property?
    This property features: Approved for a **50‑seat restaurant** with potential for other commercial enterprises.; Completely renovated: new plumbing, updated electrical, and redone foundation.; **2,400 sq. ft. open layout**, customizable for various business types.
    (207) 446-7708
    We can help!
    Listing Contact
    John Blouin
    John Blouin
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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