This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/24
$119,000 Just Listed
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/24
Property Description
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.
Full Property Details
Full Property Details for 202 Penobscot Ave
General
- Price: $119,000
- Taxes: $1,610 (2025)
- Status: Active
- Type: Commercial
- Source: MREIS
- MLS ID: 1681055
- Updated: 9/17/2026
- Added to Site: 4 day(s) ago
Business
- Business Type: Office Building, Restaurant, Retail, Other
Interior
- Interior Features: Storage
- Flooring: Carpet, Vinyl, Wood
Parking
- Parking Features: 1 - 4 Spaces, On-Site Parking, Other Parking, On Street
Location
- County: Penobscot
Heating & Cooling
- Cooling Type: None
- Heating Type: Baseboard
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Wood Frame, Vinyl Siding, Wood Siding
- Basement: Yes
- Basement Desc.: Dirt Floor, Unfinished
- Roof: Metal, Shingle
- Stories/Levels: 2
- Square Feet: 2,067
- Year Built: 1916
Lot Features
- Lot Size (Acres): 0.06
- Lot Size (Sq. Ft.): 2,613.6
- Zoning: See Town
- Lot Description: Business District, Downtown, Retail Strip
Financial Considerations
- Tax Amount: $1,610
- Tax Year: 2025
Disclosures and Reports
- Lot Number: 235
Listed by Acres Away, Inc. (207) 794-2700
Get Pre-Approved Today
Schools
Schools serving 202 Penobscot Ave
School District:Millinocket
| Name | Grades | Distance |
|---|---|---|
Stearns High School 199 State Street, Millinocket, ME 04462 | 6-12 | 0.4 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 202 Penobscot Ave
Date
Details
Price
Change
Source
9/17/2026
Listed
$119,000
—
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 202 Penobscot Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,610
-1%
$70,000
19%
2024
$1,620
21%
$58,700
24%
2023
$1,337
7%
$47,400
12%
2022
$1,245
-1%
$42,200
9%
2021
$1,255
1%
$38,600
6%
2020
$1,241
3%
$36,500
—
2019
$1,205
2%
$36,500
—
2018
$1,186
1%
$36,500
—
2017
$1,179
3%
$36,500
—
2016
$1,142
5%
$36,500
—
2015
$1,083
—
$36,500
—
2014
$1,080
-1%
$36,500
—
2013
$1,093
—
$36,500
—
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 202 Penobscot Ave
202 Penobscot Avenue, Millinocket, ME 04462 (MLS# 1681055) is a Commercial property. 202 Penobscot Avenue is currently listed for $119,000 and was received on September 17, 2026. Want to learn more about 202 Penobscot Avenue? Do you have questions about finding other Commercial real estate for sale in Millinocket? You can browse all Millinocket real estate or contact a Coldwell Banker agent to request more information.

