About this home
Great opportunity to own a versatile commercial property in the heart of downtown Millinocket, Maine! Located along Penobscot Avenue, the town's traditional downtown corridor, this property is surrounded by established businesses, restaurants, shops and professional services, creating a true small-town Main Street atmosphere. The building offers a great combination of commercial and residential space. The first floor is currently configured as well-maintained professional office space and has previously been utilized by an accounting firm and a newspaper agency. The layout provides an excellent starting point for a variety of business ideas, whether you are looking for professional office space, retail, a service business or another venture. The second floor features a spacious one-bedroom apartment, offering the opportunity to live above your business, rent the apartment for additional income, or potentially rent both levels. Bring your ideas and take advantage of the flexibility this property provides. Millinocket is a four-season destination and gateway to some of northern Maine's finest outdoor recreation, including Baxter State Park, Katahdin Woods and Waters National Monument and Mount Katahdin. Hiking, ATVing, snowmobiling, fishing, canoeing, kayaking and other outdoor adventures draw visitors to the area throughout the year. Whether you are an entrepreneur looking for a downtown location, an investor seeking a mixed-use property, or someone wanting to live where you work, 202 Penobscot Avenue offers an excellent opportunity to become part of the downtown Millinocket community.
Listing last checked: Listing updated:
Listed by Listing Agent · Acres Away, Inc. · MLS #1681076
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Details at a glance
Interior5 property facts
- Rooms
- 8
- Heating
- Baseboard
- Cooling
- None
- Flooring
- Carpet, Vinyl, Wood
- Fireplaces
- 0
Building5 property facts
- Style
- Single Family Residence
- Year built
- 1916
- Garage
- 1
- Foundation
- Other
- Roof
- Metal, Shingle
Land & utilities4 property facts
- Lot size
- 0.06 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- See Town
Financial2 property facts
- Annual taxes
- $1,610
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $119,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$736 / monthAdjust
- Principal & interest
- $602
- Property tax
- $134
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $1,610. 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 202 Penobscot Avenue
Can I request a private showing?
Request a tour of 202 Penobscot Avenue 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.

