Commercial Real Estate Market in Millinocket, ME
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
20 active listings and 69 off-market properties in Millinocket, ME.
Market Trends
Millinocket, ME spans 702.8 square miles in Penobscot County, Maine. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Millinocket, ME asks $143/SF to buy. Vacancy runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Retail
Retail space in Millinocket, ME asks $106/SF to buy. Vacancy runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Millinocket, ME runs 7.6% across the Northeast region in 2025, up from 5.4% in 2019. Nearly 2.4x the 2021 low of 3.2%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily space in Millinocket, ME asks $166/SF to buy. Vacancy runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Industrial 31.1%
- Commercial 28.7%
- Residential 15.4%
- Special 6.1%
- Open space 2.8%
Largest Zones share of zoned land by district
Industrial Development Zone
Commercial Forestland Zone
Rural Development Zone
No Zoning
Airport Development Zone
Millinocket, ME zones 11,844 acres across 13 districts. Commercial zoning covers 28.7% of zoned land, residential 15.4%, open space 2.8% and industrial 31.1%. The largest single district is Industrial Development Zone at 31.1%. For commercial buyers the practical constraint is that only 59.8% of land carries a commercial or industrial designation.
Industrial Development Zone (ID)
The purpose of the Industrial Development Zone (ID) is to accommodate existing industrial development and to provide land which is conveniently located with respect to appropriate road and rail transportation corridors and other conditions favorable to the development of additional industry and which is located as to limit undesirable conflict between reside…
Market overview
Demographics & Economy
Millinocket, ME has 4,411 residents in 3,302 households. Density runs 6 people per square mile. Median household income here is $44,167 and median gross rent $553 a month.
4,411
Population
3,302
Households
1.3
Avg Household Size
56
Median Age
20%
College-Educated
96%
High-School Grad
702.8 sq mi
ZIP Area
6
Density / Sq Mi
$44,167
Median Household Income
$23,295
Median Earnings
$553
Median Rent
$89,700
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Millinocket?
Commercial property in Millinocket, ME asks an average of $34 per square foot. Multifamily carries the highest asking price at $166/SF.
What zoning applies to commercial property in Millinocket?
Millinocket, ME zones 11,844 acres across 13 districts, of which 28.7% is commercial and 31.1% industrial. The largest single district is Industrial Development Zone at 31.1% of zoned land. The purpose of the Industrial Development Zone (ID) is to accommodate existing industrial development and to provide land which is conveniently located with respect to appropriate road and rail transportation corridors and other conditions favorable to the development of additional industry and which is located as to limit undesirable conflict between reside… Residential zoning covers 15.4% and open space 2.8%.
Where does Realmo's Millinocket market data come from?
Realmo compiles Millinocket, ME figures from 2 recent recorded sales, 20 active sale listings, 69 tracked off-market properties, the current Millinocket zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 20 active for-sale and 0 active for-lease listings in Millinocket, ME. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 11,844 zoned acres across 13 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Northeast region level, retail vacancy is reported at Northeast region level and industrial vacancy is reported at Northeast region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · How Realmo checks market page data · Report a data issue
