15 Mill St Street, Orono, ME 04473 - Photo 1

1/1

$460,000

Sold
Closed
Commercial

1/1

Property Description

This has been operating as Margaritas for many years. All of the Mexican furniture will be removed. All of the restaurant equipment will remain. There is a large parking lot behind the building that is a municipal parking lot. This is a great opportunity to own a building in downtown Orono that can continue as a restaurant. University of Maine has a student population of 25,286 students, both full and part time in the fall of 2024. Orono also draws from the Greater Bangor area for both students and adults!

Full Property Details

Full Property Details for 15 Mill St St

General

Sold For: $460,000
Taxes: $10,533 (2025)
Status: Closed
Type: Commercial
Source: MREIS
MLS ID: 1614306
Added to Site: 373 day(s) ago

Business

Business Type: Restaurant

Interior

Interior Features: Storage
Flooring: Wood, Carpet

Parking

Parking Features: Paved, Off Street, On Street

Location

County: Penobscot

Heating & Cooling

Heating Type: Zoned, Hot Water

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

Construction: Clapboard, Wood Frame
Roof: Flat, Rolled/Hot Mop
Stories/Levels: 3
Building Size: 7230
Square Feet: 7,230
Living Area: 7,230 Sq. Ft.
Year Built: 1920
Other Struct. Feat.: Security System, Fire System, Sprinkler - Wet

Lot Features

Lot Size (Acres): 0.09
Lot Size (Sq. Ft.): 3,920.4
Zoning: REST/CLUBS
Lot Description: Public Transport Access, Downtown, Business District, Near Shopping

Financial Considerations

Tax Amount: $10,533
Tax Year: 2025

Disclosures and Reports

Lot Number: 12

Listed by Better Homes & Gardens Real Estate/The Masiello Group (207) 942-6711
Sold by Portside Real Estate Group (207) 288-5818

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Listing agent

— 15 Mill St St —

Better Homes & Gardens Real Estate/The Masiello Group

207-942-6711

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Schools

Schools serving 15 Mill St St

School District:Regional School Unit 26

Name	Grades	Distance
Orono Middle School 10 Goodridge Drive, Orono, ME 04473	6-8	0.1 mi
Orono High School 14 Goodridge Drive, Orono, ME 04473	9-12	0.3 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 15 Mill St St

Date

Details

Price

Change

Source

10/28/2025

Sold

$460,000

-10.75%

MLS

2/12/2025

Listed

$515,400

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Beds
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Beds
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3
Beds
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Total Baths
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15 Mill St Street, Orono, ME 04473 (MLS# 1614306) is a Commercial property that was sold at $460,000 on October 28, 2025. Want to learn more about 15 Mill St Street? Do you have questions about finding other Commercial real estate for sale in Orono? You can browse all Orono real estate or contact a Coldwell Banker agent to request more information.

15 Mill St St Orono, ME 04473