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Bean Group
Offered at $2,700,000Active
beds
—
baths
0
sq ft
22,000
Built
1900

158 Main Street

Bangor, ME 04401

About this home

A once in a generation opportunity to own one of Bangor's most iconic landmarks. After more than 60 years of ownership by the renowned Brountas family, the historic McGuire Building is ready for its next chapter. Offering an impressive aprox. 22,000 square feet across four floors, this mixed use commercial property sits in the heart of downtown Bangor with outstanding visibility and exposure to more than 30,000 vehicles daily. Rich in history and opportunity, the building is home to the iconic Tavern, a well established dance and ballet studio, and six one bedroom apartments with two shared bathrooms that were previously operated as a rooming house. Adding to its unmistakable presence are two of Bangor's most recognizable landmarks, the famous downtown mural, the iconic HOPEFUL sign and a view of the Penobscot River, making this a destination recognized by generations of locals and visitors alike. Located within Bangor's Downtown Development District, this property offers incredible redevelopment potential. Whether your vision includes a boutique hotel, restaurant, entertainment venue, mixed use commercial and residential development, professional offices, retail, financial institution, health care facility, or another investment opportunity, the location and flexibility are second to none. The McGuire Building has been a cornerstone of downtown Bangor for generations. Now, this historic property is ready for its next owner to preserve its legacy while creating something extraordinary. Opportunities to own a landmark of this caliber are exceptionally rare. Location, history, visibility, and endless potential all come together at 158 Main Street.

Listing last checked: Listing updated:

Listed by Listing Agent · CENTURY 21 Queen City Real Estate · MLS #1669296

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Details at a glance

Interior3 property facts
Heating
Oil, Propane, Other
Cooling
None, Other
Flooring
Concrete, Vinyl, Wood, Other, Ceramic Tile, Linoleum
Building4 property facts
Style
Mixed Use
Year built
1900
Foundation
Brick/Mortar
Roof
Flat
Land & utilities4 property facts
Lot size
0.3 acres
Water
Public
Sewer
Public Sewer
Zoning
Downtown Development
Financial2 property facts
Annual taxes
$8,961
Assessment year
2024

Location

Estimated monthly cost

Explore costs at the $2,700,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$14,399 / monthAdjust
Principal & interest
$13,653
Property tax
$747
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $8,961. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.

Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.

The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.

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About 158 Main Street

Can I request a private showing?

Request a tour of 158 Main Street and a Bean Group agent will help coordinate an available time with the listing side.

Can you help me evaluate this property?

Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

Are property documents available?

Availability varies by property and source. Request the documents you need and we will help obtain what is available.