Art Deco Mixed-Use
For Sale
$2,975,000
540 Congress Street, Portland, ME 04101
The property combines climate-controlled retail with warehouse, office, and leased residential condominium space.
Property Size28,877 SF
Days on Market91
Property Features for 540 Congress Street
General Information
Standard status
Active
Size
28,877 SF
Property subtype
Mixed-Use
Building Details
Building Size
28,877 SF
Year Built
1942
Buildings
1
Construction
Art Deco
Listing Agency:
The Boulos Company
(703) 717-1660
Listed By:
Cameron Foster · License ##SA926420
(703) 717-1660
Source:
Boulos
Added: Jun 2
Changed: Aug 30
Last Checked: Aug 30 at 1:34PM
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 The Boulos Company
Investment Insights
Based on property information with market context.
Constructed in 1942, this Art Deco mixed-use property combines substantial commercial space with four leased residential condominiums. The first floor includes approximately 25,800± SF of climate-controlled retail space, along with approximately 1,800± SF of warehouse area and approximately 1,200± SF of office space. Residential condominiums occupy the second floor and are reached through a stairwell on Congress Street.
The building has frontage on both Congress Street and Free Street in downtown Portland, providing exposure along two streets. Its configuration brings together retail, warehouse, office, and residential components within one building, with the residential units contributing an additional occupied use above the commercial floor.
The building has frontage on both Congress Street and Free Street in downtown Portland, providing exposure along two streets. Its configuration brings together retail, warehouse, office, and residential components within one building, with the residential units contributing an additional occupied use above the commercial floor.
Key Highlights
- Approximately 25,800± SF of climate‑controlled first‑floor retail space
- Approximately 1,800± SF of warehouse space
- Approximately 1,200± SF of office space
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,135
Businesses Nearby
140k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 49%
Shops & Services 28%
Dining 9%
Apparel 7%
Trader Joe's
Groceries
68,293 visits/mo
0.5 miles
Circle K
Shops & Services
12,170 visits/mo
0.4 miles
Chipotle Mexican Grill
Dining
11,557 visits/mo
0.5 miles
Reny's
Apparel
10,314 visits/mo
0.1 miles
7-Eleven
Shops & Services
10,061 visits/mo
0.4 miles
Demographics for 04101, ME
18,109
Population
11,510
Households
1.6
Avg Household Size
36
Median Age
57%
College-Educated
93%
High-School Grad
2.0 sq mi
ZIP Area
9,055
Density / Sq Mi
$60,726
Median Household Income
$45,009
Median Earnings
$1,457
Median Rent
$600,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines climate-controlled retail with warehouse, office, and leased residential condominium space.
Where is this mixed-use property located?
The property is located at 540 Congress Street Portland, ME.
What is the asking price?
The asking price for this property is $2,975,000.
What are key features of this property?
This property features: Approximately 25,800± SF of climate‑controlled first‑floor retail space; Approximately 1,800± SF of warehouse space; Approximately 1,200± SF of office space
