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586 Main St Bangor, ME 04401
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586 Main St Bangor, ME 04401


  • Retail space
  • 28,756 SF
  • 0.90 lot acres
Prime Bangor Commercial Space For Lease
$144 SF/Yr

Prime Bangor Commercial Space

Iconic building, 28,837 sq ft, fully vacant.

586 Main St, Bangor, ME 04401
View Listing
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.

Value Estimations
Cap Rate Potential
Location Intelligence

Current Use by Public Records

  • El Dorado Tattoos / Tattoo & Piercing 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 Estimations

based on Realmo’s proprietary methodology
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $2,088,000
    Market price range: $2.09M - $4.84M
  • Alternative Use

    Use
    Estimation
    RETAIL STORES
    $2,960,000
    Current use
    COMMERCIAL (GENERAL)
    $3,195,000
    Change: +8% Conversion: Easy

Get a detailed, property-specific estimation — fast and free


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
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