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    52 Main Street Mars Hill, ME 04758

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    Claim this Listing
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    For Sale
    $155,000

    COMMERCIAL - Mars Hill, ME

    Type:Retail
    Property size:
    2,040 SF
    Lot size:
    0.17 Acres
    Price / SF:
    $75/SF
    Added:
    Apr 27, 2026
    Days on Market:
    3
    Last Refresh:
    Apr 29 at 1:06 am

    Property Features for 52 Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Zoning
    Commercial
    Rooms
    Basement
    Interior features
    Storage
    Basement
    Full, Walk-Out Access, Unfinished
    Standard status
    Active
    Size
    2,040 SF
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1147

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating), Forced Air
    Cooling system
    Heat Pump
    Water source
    Public

    Building Details

    Flooring type
    Wood, Laminate, Carpet, Vinyl
    Building materials
    Vinyl Siding, Wood Frame
    Roof type
    Metal
    Additional Structures
    Storage

    We can help!

    Listing Contact
    James Shaw

    Listing agent James Shaw

    Listing office Northern Maine Realty, Inc. 52 Main Street, Mars Hill, ME

    Listing date Apr 27, 2026

    MLS# 1657318

    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.

    Overview

    Historic Commercial Building on Main

    Located on Main Street in Mars Hill, Maine, this historic commercial building offers 2040 square feet of space. The building has 1020 square feet on the first floor, accessible through two main entrances, making it suitable for multiple businesses. The second floor, previously an apartment with a separate side entrance, has been used for storage for the past 20 years and would require updating to be converted back into a usable apartment. It features several rooms and two bathrooms that could be combined. The downstairs portion includes hardwood flooring in two back offices, a Senville Heat Pump, a Vermont Casting Radiance Propane Fireplace, a kitchen, and a private bathroom. A front porch surrounds half of the building, providing a unique architectural feature. Parking is available in front, with a large paved parking area and a back entrance in the rear. The property includes a full concrete basement with inside and outside access. The 0.17-acre lot is situated between a popular restaurant and a new veterinary clinic. The building is located near Big Rock Ski Resort and the Mars Hill Country Club.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Hair Salon Big Box & Wholesale Store Nail Salon Hotel & Motel Auto Parts Store Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Mars Hill
    County
    Aroostook
    State
    Maine
    Longitude
    -67.8669475
    Latitude
    46.5147197

    FAQs

    What type of property is this?
    Storefront property - 2040 SF commercial building in Mars Hill, Maine.
    Where is this storefront property located?
    The property is located at 52 Main Street Mars Hill, ME.
    What is the asking price?
    The asking price for this property is $155,000.
    What are key features of this property?
    This property features: High‑traffic Main Street location on US 1 and US 1A, ideal for business visibility.; 2040 sq ft building with two main entrances, suitable for multiple businesses or tenants.; First floor features include HW flooring, Senville Heat Pump, Vermont Casting Propane Fireplace, Kitchen, and private bathroom.
    (207) 227-5024
    We can help!
    Listing Contact
    James Shaw
    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.

    More about this property
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