About This Home

This 0-bedroom, 0-bathroom commercial at 117 Mill Street in Orono, ME is listed for $545,000 ($120 per sqft). Built in 1910, the home offers 4,560 sqft of living space on a 0.25 acres lot.

Key Features

  • Built in 1910
  • 0.25 acre lot

Property Details

1910
Listing Description

ORONO, Maine — PRICE REDUCED! Multi-Use Investment Opportunity Take advantage of a versatile investment opportunity in a convenient Orono location. 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. Easy to show—come see the many possibilities.

Monthly Cost Estimate

$2,915/mo

20% down · 6.5% · 30 years

Principal$394
Interest$2,362
Insurance$159

Estimates only. Actual payments may vary.

Location

117 Mill Street

Orono, ME 04473

Property Details

Flooring

CarpetVinyl

Construction

Masonry Stucco Vinyl Siding

Heating

ZonedHot Water(Heating)Natural GasBaseboard

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 117 Mill Street is listed at $545,000 ($120/sqft). The estimated monthly payment is $2,915 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1910, 0.25 acre lot.

This property is listed by Adrian Nadeau and can be reached at 2079473363.

AN

Adrian Nadeau

Agent at ERA Dawson Bradford Co., Realtors

(207) 947-3363
Agent website

Listed by ERA Dawson Bradford Co., Realtors · Broker phone: 207-947-6788 · View on Broker Site · Broker website

MLS# 1669656· Source: Maine Listings· 83 days on PropertySimple

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117 Mill Street, Orono, ME 04473

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