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Bean Group
Offered at $998,000Active
beds
—
baths
3
sq ft
7,488
Built
1933

108 Main Street

Ellsworth, ME 04605

About this home

Prime Main Street Investment Opportunity Location is everything and 108 Main Street delivers. Situated in the heart of a thriving Main Street America designated downtown, this historic mixed-use commercial building offers multiple income-producing spaces and exceptional versatility. All units are currently rented, providing income from day one, while the sellers are also willing to consider owner financing or partnering with an investor, creating additional possibilities for the investor. Just steps from the Union River, City Hall, the library, acclaimed dining, boutiques, bakeries, the post office, and banks, this property sits at the center of downtown activity. The prominent ground-floor retail space offers excellent Main Street frontage and visibility. While currently rented, this space could be made available for a buyer who would like to operate their own business from the property while continuing to generate income from the additional units. Property highlights include: Prominent ground-floor retail space with Main Street frontage Second-floor spaces offering short-term or long-term rental potential Additional retail space with Store Street frontage Partially finished, dry basement with Main Street access, ideal for inventory storage, conference space, break rooms, or other business needs Historic character paired with modern infrastructure, including updated plumbing, heating, electrical, and high-capacity internet availability Two parking spaces on the Store Street side, plus ample free parking in the adjacent City Hall lot All units currently rented and income-producing Whether you're looking for a turn-key investment, an owner-occupied business opportunity with additional rental income, or a creative investment partnership, 108 Main Street offers flexibility that's hard to find. This meticulously maintained downtown property presents an exciting opportunity in on of the area's most active commercial locations.

Listing last checked: Listing updated:

Listed by Listing Agent · Better Homes & Gardens Real Estate/The Masiello Group · MLS #1650303

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Details at a glance

Interior3 property facts
Heating
Oil, Heat Pump, Radiant
Cooling
Other
Flooring
Carpet, Tile
Building4 property facts
Style
Other
Year built
1933
Foundation
Granite
Roof
Other
Land & utilities4 property facts
Lot size
0.06 acres
Water
Public
Sewer
Public Sewer
Zoning
DT
Financial2 property facts
Annual taxes
$6,649
Assessment year
2024

Location

Estimated monthly cost

Explore costs at the $998,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$5,601 / monthAdjust
Principal & interest
$5,046
Property tax
$554
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $6,649. 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 108 Main Street

Can I request a private showing?

Request a tour of 108 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.