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Property profile

15 Chestnut St Portland, ME 04101

OFF-MARKET
Commercial real estate
Property ID
US42-0138977
View Sample
14,358 SF 0.2 ac lot Built 1900
Entity Owned Absentee Owner ~ Est. High Equity

Property summary

AI-generated overview

This exceptional 14,358 square foot property at 15 Chestnut Street in Portland, Maine, presents a unique investment opportunity. Built in 1836 and renovated in 2009, this historic landmark, listed on the National Register of Historic Places, boasts stunning Gothic Revival architecture and 27 breathtaking stained-glass windows. The building features restored woodwork, exposed beams, and cathedral ceilings, creating an atmosphere of timeless elegance. Previously home to the acclaimed Grace Restaurant and later Trine Events at Grace, the property is currently configured as a versatile event venue with seating for 175 plus additional space. Modern amenities seamlessly blend with the historical integrity, including a modern circular bar, dining alcoves, a mezzanine, and a state-of-the-art open kitchen. The property includes all fixtures, furniture, and equipment (FF&E). Located on a 0.195-acre lot, it is zoned B3 & DEOZ, offering a range of commercial and residential development possibilities. The asking price is $2,595,000, and the property qualifies for historic tax credits. This is a rare chance to acquire a piece of Portland's rich history and capitalize on its significant potential.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1900
Total area 14,358 SF
Lot 0.2 ac (8,499 SF)
APN PTLD M:027 B:C011001
UPID US42-0138977

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel Resort

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.75M
Comparable Approach Comparable
$1.62M
Blend (final) Blend
$2.45M

Owner & transaction history

since 2026
4 recorded transactions
2026
$1.4M
2016
Price N/A
2008
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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