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    Property profile & analytics

    586 Main St Bangor, ME 04401

    • Retail space
    • 28,756 SF
    • 0.90 lot acres
    For Lease
    View listing
    $144 SF/Yr
    Value Estimation
    $770,000
    Last Sale
    Sep 21, 2021
    Location Intelligence
    Property ID
    US42-0511391
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • El Dorado Tattoos / Tattoo Shop

    Property Details for 586 Main St

    Year built
    1928
    Lot size
    0.90 lot acres
    Property size
    28,756 SF
    Zone code
    USD
    Property type
    Retail space
    APN
    BANG M:026 L:046-B
    APU
    BANGM026L046B

    Description

    This exceptional 28,837 square foot commercial property, located at 586 Main Street in Bangor, Maine, presents a unique opportunity for a variety of businesses. The building, originally constructed in 1928 and extensively renovated in 2022, boasts a Class B rating and offers a flexible layout suitable for a range of uses including executive office, flex space, distribution, and retail. Currently fully vacant, the single-tenant property is ready for immediate occupancy. The building comprises two stories and features 21 parking spaces, a significant advantage in a busy urban setting. Its zoning is classified as Urban Service, reflecting its prime location next to the I-395 Interchange. The property's 28,837 square feet provide ample space for a large-scale operation, making it ideal for a retailer, wholesaler, or distribution center. The building's rich history as the former Shriners Building adds to its character and appeal. This property offers a blend of historical charm and modern functionality, situated in Penobscot County, Maine, with the APN BANG-000026-000000-000046-B000000. The address is 586 Main St, Bangor, ME 04401. This is a rare opportunity to secure a substantial, renovated commercial space in a highly desirable location.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $810,000

    • CAP approach

      CAP return
      Estimation
      6%
      $750,000
      6.5%
      $845,000
      7%
      $755,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $700,000
      Geo Method
      $935,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $895,000
      Retail
      $870,000
      Mixed-Use
      $710,000
      Hospitality
      $840,000
      Educational
      $735,000
      Residential Income
      $645,000
      Energy
      $660,000
      Income-Based Land
      $655,000
      Food Service
      $810,000

    Location Insight

    • Map
    • Local Demand
    City
    Bangor
    County
    Penobscot
    State
    Maine
    Longitude
    -68.7787
    Latitude
    44.7862
    CBSA code
    12620
    CBSA name
    BANGOR, ME METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $21,946
    $128,500
    $1,017,500
    $1,146,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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    • Value Estimation by Request
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      45 Bangor Mall Blvd

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      49 Bangor Mall Blvd

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      $6,665,000
      2,712 SF

      431 Odlin Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,712 SF
      431 Odlin Rd, Bangor, ME 04401-6705
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      6,096 SF

      554 Un St

      RETAIL STORES (PERSONAL SERVICES) • 6,096 SF
      554 Un St, Bangor, ME 04401-3751
      View Details
    • Value Estimation
      $325,000
      4,510 SF

      14 Broad St

      RETAIL STORES (PERSONAL SERVICES) • 4,510 SF
      14 Broad St, Bangor, ME 04401
      View Details

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    Similar Nearby for Lease

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    • $144 SF/Yr
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      Prime Bangor Commercial Space

      Iconic building, 28,837 sq ft, fully vacant.
      586 Main St, Bangor, ME 04401
      View Details
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    586 Main St
    Bangor, ME 04401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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