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    Madison, ME
    Live - Work Space

    Madison, ME Live-work Space for Sale

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    Norridgewock, ME Starks, ME Anson, ME Skowhegan, ME Embden, ME Solon, ME Carrying Place Town Twp, ME New Sharon, ME
    Historic Mixed-Use Property with Chapel
    Updated: Jul 24
    Historic Mixed-Use Property with Chapel

    96 & 98 Main Street, Madison, ME 04950

    $635,000
    5,871 sqft 0.31 AC lot
    Two‑building property totaling 5,871 square feet on approximately 0.31 acres
    3,791‑square‑foot brick chapel built in 1892 with vaulted ceilings and stained‑glass windows
    Chapel sanctuary accommodates approximately 160 people
    Adjoining 2,080‑square‑foot former parsonage with five bedrooms and two full bathrooms
    Commercial zoning with public water and public sewer
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    Historic Church and Parsonage
    Updated: May 20, 2025
    Historic Church and Parsonage

    96 Main Street, Madison, ME 04950

    $650,000
    2,080 sqft
    Two adjacent historic downtown buildings sold together (one deed for 96 & 98 Main) with flexible commercial use
    98 Main - The Chapel: circa 1892 brick church with working bell tower, original stained‑glass, vaulted ceilings, and main sanctuary seating about 160
    96 Main - The Cottage: former parsonage with approx. 5‑6 BRs, 2 full BAs, updated kitchen/baths, pocket doors, red oak floors, and full basement
    Accessibility features include an accessible approach with ramp; 96 Main also includes bath modifications
    Metal and shingle roofing with vinyl siding/brick/wood‑frame construction; steam heat with radiators and window A/C
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Madison, ME, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mixed-Use Property with Workshop
    Mixed-Use Property with Workshop

    56 Buzzell Ln, Greene, ME 04236

    $749,900
    3,048 sqft

    Residential improvements combine dedicated office space, storage, and substantial outbuilding capacity on a wooded rural parcel.

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    Historic Duplex Property with Office Space
    Historic Duplex Property with Office Space

    Dover Foxcroft, ME 04426

    $379,000
    4,401 sqft 0.17 AC lot

    Two-story quarters and a former dental office create a flexible downtown configuration with residential and professional-use components.

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    Flexible Live-Work Building with Office
    Flexible Live-Work Building with Office

    Dover Foxcroft, ME 04426

    $379,000
    4,401 sqft

    Former dental office space with multiple rooms and baths plus upstairs two-story living quarters.

    View details
    Mixed-Use Property with Garage Doors
    Mixed-Use Property with Garage Doors

    267 U.S. 202, Greene, ME 04236

    $650,000
    2,340 sqft 1.00 AC lot

    Two-level property combines commercial workspace with an upper-floor residence and outdoor areas.

    View details

    Madison, ME Live-Work Space Market Trends and Statistics

    Explore 2 live-work space for sale in Madison, ME on our real estate platform. These investment opportunities span a total of 7,951 square feet of properties for sale, with an estimated market value of $1,285,000.

    Sale prices for live-work properties in Madison, ME start at $635,000, averaging $642,500, and reaching up to $650,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 4,761
    Population Growth (5Y) +1.7%
    Median Household Income $48,750
    College Educated 19.1%

    High-Yield Neighborhoods for Investment

    Identify Madison submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    04950 $650K

    Taxes & Financing

    Tax Rate (average for all types) 1.67%
    Property Tax per SF $45.81 per SF
    Tax Rate vs County Average 0.09 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Somerset County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Somerset County

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