REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Colleen Lundgren, M.S.

colleen@colleenlundgren.com +1(207) 671-6026

Listed by Adrian Nadeau ERA Dawson-Bradford Co.

$ 549,900

Est. payment | -/mo

4,560 SqFt

Save Virtual Tour

$ 549,900

Est. payment | -/mo

Save Virtual Tour

4,560 SqFt

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 4,560 sqft

Price per Sqft $120

MLS Listing ID 1669656

HOA Y/N No

Year Built 1910

Tax Year 2025

Lot Size 10,890 Sqft

Acres 0.25

Property Sub-Type Mixed Use

Source Maine Listings

Land Area 4560

Property Description

ORONO, Maine Multi-Use Investment Opportunity - Offered Below Tax Value! Take advantage of a versatile investment opportunity in a convenient Orono location, now offered below its $565,100 tax value. Situated on Mill Street, this vacant three-story property offers a rare combination of flexibility, visibility, and potential for an investor, owner-occupant, or developer. The building's vacant status provides the freedom to move forward with your own plans—whether updating, leasing, occupying, or repositioning the property to meet current market demand. With potential for a variety of residential, office, and commercial uses, subject to local approvals, the possibilities are wide open. Recent improvements, including updated heating systems and a reinforced foundation, add to the property's long-term appeal. Residential units feature in-unit washer and dryer connections, while one unit is being offered furnished, creating additional flexibility for either short- or long-term rental opportunities. The property also includes a garage and ample on-site parking, providing convenience for tenants, customers, or a variety of mixed-use configurations. Public transportation access and the Mill Street location further enhance accessibility. Located close to downtown Orono, the property is convenient to local restaurants, shops, services, and recreation. The nearby University of Maine adds another layer of appeal and potential demand for both residential and commercial space. Whether you are looking to expand your investment portfolio, establish your own business location, or explore a redevelopment opportunity, this multi-use property offers flexibility and potential in one of the area's most desirable communities. Offered below tax value, this is an opportunity worth exploring. Easy to show—come see the many possibilities.

Location

State ME

County Penobscot

Zoning HDR

Direction Main Street Orono to right on Mill Street. Past restaurants after Beech Street on the right.

Rooms

Other Rooms Outbuilding

Basement Full, Unfinished

Interior

Heating Gas Bottled, Baseboard, Hot Water, Zoned

Cooling None

Flooring Carpet, Vinyl

Exterior

Parking Features 5 - 10 Spaces, On Site, Paved, Garage

Waterfront Description Nearby

Roof Type Membrane

Garage Yes

Building

Lot Description Near Shopping, Suburban

Story 3

Foundation Stone, Poured Concrete

Water Public

Others

Tax ID ORON-027012-000000-000043

Virtual Tour https://drive.google.com/file/d/1XTPRUQE1HlQbfY_2-V5jCXDXZpuy32i_/view?usp=sharing

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(207) 671-6026

colleen@colleenlundgren.com

63 Federal St, Portland, ME 04101, USA

117 Mill ST Orono, ME 04473

Colleen Lundgren, M.S.

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

GET MORE INFORMATION

Go tour this home

117 Mill ST