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$449,000 -$30,000 (-6.26%) Price Reduced
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Property Description
87 Park Street, Milo - Multi-Use Investment Property with Cabins, Commercial Buildings & Endless Potential If you're searching for a smart investment with multiple income streams and true four-season appeal, this rare find in the heart of Milo checks all the boxes. Set on a high-visibility stretch of Main Street, this dynamic commercial property features six well-appointed rental cabins plus a versatile commercial building complex-perfect for maximizing both hospitality and business revenue. Each of the six rental cabins is designed for comfort and convenience, with heat pumps, microwaves, and newer, functional furnishings. Guests-whether snowmobilers, ATV riders, or traveling work crews-will appreciate the easy trail access and ample parking for trucks, trailers, and outdoor equipment. These 4-season units are ideal for weekend warriors, clubs, or long-term renters, making them a consistent income generator year-round. But that's just the beginning. The property also includes a huge commercial warehouse, showroom, and multi-bay garage-currently used as a car lot, auto repair shop, retail space, and storage facility. The building is outfitted with heat pumps and a newer, efficient waste oil burner, ensuring affordable, reliable heating throughout. With its flexible layout, high traffic exposure, and prime Main Street location, this property is ready to support a wide range of ventures-from equipment rentals and retail sales to automotive services, recreational outfitting, or expanded lodging. 87 Park Street offers versatility, visibility, and value-all in one package. Don't miss this chance to own a truly multi-faceted commercial property in a thriving recreational hub.
Full Property Details
Full Property Details for 87 Park St
General
- Price: $449,000
- Taxes: $6,999 (2021)
- Status: Active
- Type: Commercial
- Source: MREIS
- MLS ID: 1625291
- Updated: 2/13/2026
- Added to Site: 255 day(s) ago
Business
- Business Type: Bed & Breakfast, Commercial, Freestanding Building, H
Interior
- Interior Features: Storage
- Flooring: Laminate, Concrete
Additional Information
- Equipment: Internet Access Available, Cable
Parking
- Garage: Yes
- Parking Features: 21 or More Spaces, Other, Off Street
Location
- County: Piscataquis
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Heat Pump
- Heating Type: Zoned, Other, Heat Pump, Forced Air, Direct Vent Furnace, Blowers
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Vinyl Siding, Concrete, Block, Masonry, Wood Frame
- Roof: Flat, Membrane
- Building Size: 7650
- Square Feet: 7,650
- Living Area: 7,650 Sq. Ft.
- Year Built: 1980
- Other Struct. Feat.: Other Equipment, Overhead Doors
Lot Features
- Lot Size (Acres): 2.48
- Lot Size (Sq. Ft.): 108,028.8
- Zoning: Commercial
- Lot Description: Business District, Near Shopping, Retail Strip
Financial Considerations
- Tax Amount: $6,999
- Tax Year: 2021
Disclosures and Reports
- Lot Number: 59-1
Listed by Realty of Maine (207) 942-6310
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Schools
Schools serving 87 Park St
School District:School Administrative District 41
| Name | Grades | Distance |
|---|---|---|
Milo Elementary School 18 Belmont Street, Milo, ME 04463 | PK-2 | 0.8 mi |
Brownville Elementary School 774 Main Road, Brownville, ME 04414 | 3-4 | 4.9 mi |
Penquis Valley High School 48 Penquis Drive, Milo, ME 04463 | 5-12 | 6 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 87 Park St
Date
Details
Price
Change
Source
2/13/2026
Price Reduced
$449,000
-6.26%
MLS
6/04/2025
Listed
$479,000
64.29%
MLS
7/15/2022
Sold
$291,563
—
Public Record
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 87 Park St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,271
3%
$295,400
—
2024
$8,050
14%
$295,400
—
2023
$7,060
—
$295,400
9%
2022
$7,053
1%
$271,800
—
2021
$6,999
39%
$271,800
49%
2020
$5,051
—
$182,000
5%
2019
$5,027
-7%
$173,360
—
2018
$5,418
1%
$173,360
1%
2017
$5,378
-4%
$172,110
—
2016
$5,594
13%
$172,110
—
2015
$4,940
9%
$172,110
-19%
2014
$4,540
5%
$213,160
—
2013
$4,338
—
$213,160
—
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 87 Park St
87 Park Street, Milo, ME 04463 (MLS# 1625291) is a Commercial property. 87 Park Street is currently listed for $449,000 and was received on June 04, 2025. Want to learn more about 87 Park 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.

