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$450,000
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Property Description
Step into a gorgeous turnkey business opportunity with Three Rivers, a fully equipped and operational restaurant and brewery located in the heart of Milo, Maine. This ready-to-operate property, which seats 85 patrons inside and 55 outside, is perfect for entrepreneurs looking to dive into the culinary and brewing industry without the hassle of starting from scratch. With its unique features and well-established customer base, this property offers immediate revenue potential. Key Features: Fully Equipped Kitchen: The property comes with a state-of-the-art kitchen, allowing you to start operations immediately. From cold storage to high-end kitchen appliances, everything you need is already in place. Unique Brewing Facility: A beer lover's dream! The thoughtfully-constructed brewery was built to focus on mixed-fermentation beers, wood aging, and spontaneous fermentation. The facility boasts rare and unique features such as an open fermentation room - 1 of 3 in the state! - that allows you to not only brew beer efficiently, but creatively. Only interested in the restaurant operation? Lease the brewing space! Spacious & Trendy Dining Area: The 85-seat restaurant boasts a warm and inviting dining area that can accommodate a large number of guests, creating a cozy atmosphere for patrons. The farmhouse-style layout is designed to maximize comfort and efficiency, ensuring a pleasant and trendy dining experience. Outdoor Seating & Concert Space: Enjoy the scenic beauty of Milo with a charming 55-seat outdoor seating area - complete with a refurbished 1920s caboose! - is perfect for al fresco dining. This space also includes plastic enclosures to extend the outdoor dining season and provide additional guest space into the colder months. Additionally, the outdoor concert space is perfect for hosting live music events.
Full Property Details
Full Property Details for 157 Elm St
General
- Sold For: $450,000
- Taxes: $4,431 (2023)
- Status: Closed
- Type: Commercial
- Source: MREIS
- MLS ID: 1601000
- Added to Site: 543 day(s) ago
Business
- Business Type: Bar/Tavern/Lounge, Commercial, Restaurant, Other, Dist
Interior
- Interior Features: Storage
- Flooring: Concrete
Additional Information
- Equipment: Internet Access Available
Parking
- Parking Features: 21 or More Spaces, On-Site Parking, Paved
Location
- County: Piscataquis
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Heat Pump
Utilities
- Sewer: Septic Tank
- Water: Public
Structural Information
- Construction: Wood Siding, Vinyl Siding, Wood Frame
- Roof: Metal
- Stories/Levels: 1
- Building Size: 4668
- Square Feet: 4,668
- Living Area: 4,668 Sq. Ft.
- Year Built: 9999
- Other Struct. Feat.: Other Equipment, Security System, Overhead Doors
Additional Structures
- Other Structures: Shed(s)
Lot Features
- Lot Size (Acres): 1.1
- Lot Size (Sq. Ft.): 47,916
- Lot Description: Rural
Financial Considerations
- Tax Amount: $4,431
- Tax Year: 2023
Disclosures and Reports
- Block: 44
- Lot Number: 3
Listed and Sold by NextHome NorthEast Realty (207) 838-7773
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Schools
Schools serving 157 Elm St
School District:School Administrative District 41
| Name | Grades | Distance |
|---|---|---|
Milo Elementary School 18 Belmont Street, Milo, ME 04463 | PK-2 | 0.8 mi |
Penquis Valley High School 48 Penquis Drive, Milo, ME 04463 | 5-12 | 6.2 mi |
Brownville Elementary School 774 Main Road, Brownville, ME 04414 | 3-4 | 6.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 157 Elm St
Date
Details
Price
Change
Source
9/08/2025
Sold
$450,000
0.11%
MLS
4/29/2025
Price Reduced
$449,500
-0.09%
MLS
2/24/2025
Price Reduced
$449,900
-0.02%
MLS
1/10/2025
Price Reduced
$450,000
-40%
MLS
8/20/2024
Listed
$750,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
157 Elm Street, Milo, ME 04463 (MLS# 1601000) is a Commercial property that was sold at $450,000 on September 08, 2025. Want to learn more about 157 Elm Street? Do you have questions about finding other Commercial real estate for sale in Milo? You can browse all Milo real estate or contact a Coldwell Banker agent to request more information.

