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Historic Victorian Mixed-Use Property
New
For Sale
$1,400,000

46 Main St, Vinalhaven, ME 04863

Distinctive island property with harbor and pond views, preserved architectural details, and documented ties to artist Robert Indiana.

Property Size7,060 SF
Price / SF$198.30
Days on Market2

Property Features for 46 Main St

General Information

Standard status Active
Size 7,060 SF

Building Details

Year Built 1884
Buildings 1
Construction Second Empire Victorian
Listing Agency: Legacy Properties Sotheby's International Realty
Listed By: Elizabeth Banwell
Source: Aroostookrealestate
Added: Sep 15 Last Checked: Sep 15 at 2:34PM

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 Legacy Properties Sotheby's International Realty

Investment Insights

Based on property information with market context.

The Star of Hope is a 7,060-square-foot, 12-room Second Empire Victorian built in 1884. Its defining features include a mansard roof, central tower, widow’s walk, and preserved lighting and architectural details. The property supports both commercial and residential possibilities, with a documented history as the home, studio, and museum of artist Robert Indiana.

A 2020-2022 stabilization project addressed structural needs, water and pest intrusion, and three of the building’s four exterior walls. Documentation covering completed work and recommended future projects is available. Water views extend toward Vinalhaven Harbor from the front and across Carver’s Pond from the rear, adding to the property’s distinctive setting within the island village.

Key Highlights

  • 7,060‑square‑foot, 12‑room Second Empire Victorian built in 1884
  • 2020‑2022 stabilization project addressed structural needs, water and pest intrusion
  • Work included three of the building’s four exterior walls

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Building Supply Storage Facility Bakery (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Cafe & Coffee Shop

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

100
Businesses Nearby

Demographics for 04863, ME

1,279
Population
1,216
Households
1.1
Avg Household Size
48
Median Age
47%
College-Educated
98%
High-School Grad
23.3 sq mi
ZIP Area
55
Density / Sq Mi
$72,262
Median Household Income
$36,250
Median Earnings
$1,038
Median Rent
$435,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Distinctive island property with harbor and pond views, preserved architectural details, and documented ties to artist Robert Indiana.
Where is this mixed-use property located?
The property is located at 46 Main St Vinalhaven, ME.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 7,060‑square‑foot, 12‑room Second Empire Victorian built in 1884; 2020‑2022 stabilization project addressed structural needs, water and pest intrusion; Work included three of the building’s four exterior walls
More about this property
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