Commercial Real Estate Market in Sullivan, ME
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
8 active listings and 19 off-market properties in Sullivan, ME.
Market Trends
Sullivan, ME spans 40.2 square miles in Hancock County, Maine. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Sullivan, ME asks $125/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 Sullivan, ME asks $143/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 Sullivan, 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 Sullivan, ME asks $200/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
- Commercial 6.6%
- Industrial 0%
Largest Zones share of zoned land by district
No Zoning
Limited Residential
Wetlands
Resource Protection
Stream Protection
Limited Residential (LR)
The purpose of this district is to provide Limited Residential District includes those areas suitable for residential and recreational development. It includes areas other than those in the Resource Protection District, or Stream Protection District, and areas which are used less intensively than those in the Limited Commercial District, the General Developm…
Market overview
Demographics & Economy
Sullivan, ME has 1,219 residents in 759 households. Density runs 30 people per square mile. Median household income here is $59,318 and median gross rent $881 a month.
1,219
Population
759
Households
1.6
Avg Household Size
48
Median Age
25%
College-Educated
97%
High-School Grad
40.2 sq mi
ZIP Area
30
Density / Sq Mi
$59,318
Median Household Income
$33,906
Median Earnings
$881
Median Rent
$209,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Sorrento | — | — |
| Franklin | — | — |
| Hancock | — | — |
| Gouldsboro | — | — |
Commercial property in Sullivan, ME asks $17/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Sullivan?
Commercial property in Sullivan, ME asks an average of $17 per square foot. Multifamily carries the highest asking price at $200/SF.
Where does Realmo's Sullivan market data come from?
Realmo compiles Sullivan, ME figures from 8 active sale listings, 19 tracked off-market properties, the current Sullivan zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 8 active for-sale and 0 active for-lease listings in Sullivan, 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: 17,263 zoned acres across 6 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 31 August 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 31 August 2026 · report a data issue
