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$2,695,000 -$200,000 (-6.91%) Price Reduced
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Property Description
Exceptional investment opportunity in the heart of the Belgrade Lakes Region! Formerly home to the renowned Village Inn & Tavern, this landmark waterfront property offers significant potential. Anchoring the offering is a 5700+/- SF lodge-style waterfront tavern formerly recognized for its award-winning dock and dine experience. The restaurant portion of the property presents a rare turnkey opportunity being fully furnished and equipped, including a commercial-grade kitchen, bar infrastructure, dining furnishings, and operational fixtures. Investors and operators can capitalize on the existing layout and infrastructure to expedite reopening, reposition the concept, or establish a new destination venue with significantly reduced startup costs. Its established reputation, waterfront appeal and ready-to-operate condition create an exceptional value-add opportuniity in a highly sought-after recreational market. Additionally, the property has eight beautifully renovated hospitality suites that showcase an elevated camp-style design, combining timeless character with contemporary amenities; each has a private bathroom, creating a turnkey foundation for lodging/hospitality. The property also includes spacious owner's quarters, ideal for an on-site owner or caretaker to support seamless operations. Perfectly positioned on a rare waterfront parcel with frontage on both Long Pond and Great Pond--two of the region's highly sought-after lakes--the property enjoys an irreplaceable setting at the center of one of Maine's premier destinations. Guests and visitors can enjoy direct access to boating, fishing, recreation, local dining and the vibrant village atmosphere that has made the Belgrade Lakes a destination for generations. With its unmatched location, established history, significant waterfront presence, and flexible commercial potential, this offering presents a compelling opportunity for investors seeking to capitalize on Maine's thriving tourism markets.
Full Property Details
Full Property Details for 157 Main St
General
- Price: $2,695,000
- Taxes: $14,108 (2025)
- Status: Active
- Type: Commercial
- Source: MREIS
- MLS ID: 1656478
- Updated: 6/5/2026
- Added to Site: 63 day(s) ago
Business
- Business Type: Bed & Breakfast, Hotel/Motel, Restaurant
Interior
- Interior Features: Storage
- Flooring: Carpet, Concrete, Tile, Vinyl, Wood
Additional Information
- Equipment: Internet Access Available
Parking
- Parking Features: 21 or More Spaces, On-Site Parking, Off Street
Location
- County: Kennebec
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Heat Pump, Window Unit(s)
- Heating Type: Oil, Propane, Wood, Baseboard, Heat Pump, Hot Water, Zoned, Other
Utilities
- Sewer: Private Sewer, Septic Design Available, Septic Tank
- Water: Private, Well
- Well: Yes
Structural Information
- Construction: Wood Frame, Clapboard, Vinyl Siding, Wood Siding
- Basement: Yes
- Basement Desc.: Dirt Floor, Walk-Out Access, Daylight, Finished, Sump Pump, Slab, Unfinished
- Roof: Metal
- Stories/Levels: 3
- Square Feet: 13,179
- Year Built: 1899
- Other Struct. Feat.: Generator
Lot Features
- Lot Size (Acres): 0.89
- Lot Size (Sq. Ft.): 38,768.4
- Zoning: SHORELAND
- Lot Description: Deep Water Access, Near Shopping, Rural, Water View, Waterfront
Water Features
- Water Front: Yes
Financial Considerations
- Tax Amount: $14,108
- Tax Year: 2025
Disclosures and Reports
- Lot Number: 6 & 22
Listed by Portside Real Estate Group (207) 495-3700
Get Pre-Approved Today
Schools
Schools serving 157 Main St
School District:Regional School Unit 18
| Name | Grades | Distance |
|---|---|---|
Belgrade Central School 158 Depot Road, Belgrade, ME 04917 | PK-5 | 5.8 mi |
Messalonskee Middle School 33 School Bus Drive, Oakland, ME 04963 | 6-8 | 8.6 mi |
Messalonskee High School 131 Messalonskee High Drive, Oakland, ME 04963 | 9-12 | 8.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 157 Main St
Date
Details
Price
Change
Source
6/04/2026
Price Reduced
$2,695,000
-6.91%
MLS
4/04/2026
Listed
$2,895,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 157 Main St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$12,392
12%
$1,169,100
—
2024
$11,106
6%
$1,169,100
—
2023
$10,463
-3%
$1,169,100
67%
2022
$10,797
—
$702,000
—
2021
$10,797
—
$702,000
—
2020
$10,797
—
$702,000
—
2019
$10,797
5%
$702,000
—
2018
$10,249
1%
$702,000
—
2017
$10,109
3%
$702,000
—
2016
$9,828
3%
$702,000
1%
2015
$9,526
2%
$697,900
—
2014
$9,317
12%
$697,900
—
2013
$8,340
—
$697,900
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 157 Main St
157 Main Street, Belgrade, ME 04917 (MLS# 1656478) is a Commercial property. 157 Main Street is currently listed for $2,695,000 and was received on April 04, 2026. Want to learn more about 157 Main Street? Do you have questions about finding other Commercial real estate for sale in Belgrade? You can browse all Belgrade real estate or contact a Coldwell Banker agent to request more information.

