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    Property profile & analytics

    59 Main St Houlton, ME 04730-2122

    • Retail space
    • 7,686 SF
    • 0.10 lot acres
    OFF-MARKET
    Value Estimation
    $220,000
    Last Sale
    Dec 22, 2022
    $213,000
    Location Intelligence
    Property ID
    US42-0089681
    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

    • AMHC / Mental Health Service

    Property Details for 59 Main St

    Year built
    1912
    Lot size
    0.10 lot acres
    Property size
    7,686 SF
    Zone code
    B
    Property type
    Retail space
    APN
    HOUL M:034 B:3 L:216
    APU
    HOULM034B3L216

    Description

    This exceptional 9,744-square-foot retail property, located at 59 Main Street in Houlton, Maine, presents a unique investment opportunity. Situated on a 0.1-acre lot, this historic building offers a versatile layout ideal for a variety of commercial uses. Previously housing a restaurant, the property boasts a fully equipped commercial kitchen and bar area, with ample space for expansion of the dining area to increase seating capacity. Three additional vendor spaces are available, providing options for leasing to other businesses or for internal expansion to accommodate a wider range of services or products. The building's main street frontage features three large display windows, offering excellent visibility and attracting foot traffic. The second floor presents significant potential for conversion into residential apartments, adding another revenue stream. Two conveniently located hall bathrooms ensure accessibility for all tenants and customers. The asking price is $250,000, translating to a price per square foot of $25.66. This property is zoned for retail use and is located in Aroostook County, Maine, zip code 04730. The property's prime location and versatile design make it an attractive investment for both established businesses and entrepreneurs seeking a unique opportunity in a thriving community.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $220,000

    • CAP approach

      CAP return
      Estimation
      6%
      $245,000
      6.5%
      $225,000
      7%
      $215,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $260,000
      Geo Method
      $205,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $245,000
      Retail
      $210,000
      Mixed-Use
      $220,000
      Hospitality
      $190,000
      Educational
      $240,000
      Residential Income
      $250,000
      Energy
      $210,000
      Income-Based Land
      $205,000
      Food Service
      $240,000

    Location Insight

    • Map
    • Local Demand
    City
    Houlton
    County
    Aroostook
    State
    Maine
    Longitude
    -67.8391
    Latitude
    46.1254

    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
    $4,701
    $14,300
    $213,900
    $228,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $305,000
      6,080 SF

      460 Nn St

      RETAIL STORES (PERSONAL SERVICES) • 6,080 SF
      460 Nn St, Houlton, ME 04730
      View Details
    • Value Estimation
      $295,000
      1,904 SF

      12 Sugarloaf St

      RETAIL STORES (PERSONAL SERVICES) • 1,904 SF
      12 Sugarloaf St, Houlton, ME 04730-1675
      View Details
    • Value Estimation
      $305,000
      7,328 SF

      3 Sugarloaf St

      RETAIL STORES (PERSONAL SERVICES) • 7,328 SF
      3 Sugarloaf St, Houlton, ME 04730-1672
      View Details
    • Value Estimation by Request
      2,478 SF

      678 Nn St

      RETAIL STORES (PERSONAL SERVICES) • 2,478 SF
      678 Nn St, Houlton, ME 04730-3539
      View Details
    • Value Estimation by Request
      1,032 SF

      126 Military St

      RETAIL STORES (PERSONAL SERVICES) • 1,032 SF
      126 Military St, Houlton, ME 04730-2507
      View Details
    • Value Estimation by Request
      19,097 SF

      337 Nn St

      RETAIL STORES (PERSONAL SERVICES) • 19,097 SF
      337 Nn St, Houlton, ME 04730-3547
      View Details

    Similar Nearby for Sale

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      Houlton Retail Building - Main Street

      Prime Retail Space, High Traffic Area
      79 Main St, Houlton, ME 04730
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    • $49,900
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    Similar Nearby for Lease

    • $5 SF/Yr
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      View Details
    • Contact for pricing
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      View Details
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    Houlton, ME 04730-2122
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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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